THERE WAS RAID BY IT DURING THE YEAR 2006-07. STOCK BY AMOUNT OF RS.00000.00 AND DEPOSIT TAX ACCORDINGLY. ( IT WAS U/S 133A) AND THE ASSESSEE MAKE THE FOLLOWING ENTRY STOCK A/C DR ( UNDER CURRENT ASSETS) AND CAPITAL A/C CR.

BUT AT THE TIME OF MAKING THE BALANCE SHEET AND TPL. THE ASSESSEE HAD TAKEN AS CLOSING STOCK IN THE TRADING ACOUNT.
THUS THERE ARE THREE ENTRY AS FOLLOWS:-

STOCK CREDITED TO TRADING A/C
STCOK CR. TO CAPITAL A/C
CLOSING STCOK UNDER CA IN BALANCE

WHETHER IT IS OK.


ABOVE ADDITIONS CREDITED TO CAPITAL AS DECALRED INCOME. U/S 133A.

QUERY :- AT THE TIME FILING THE ITR ASSESSEE HAS NOT TAKEN THE ABOVE ADDITION IN COMPUTATION OF INCOME. BUT DECLARED IN THE CAPITAL A/C AS ADDITIONS. WHETHER IT IS OK. IF NOT WHAT'S ACTUAL POSITION.

respectes sirs,

my first attempt will be on nov' 09, this will be last attempt of old course. so which course advisable for me to obtain old course or new course.

please suggest me.


regards

SM MAKWANA

Can an NRI (indian citizen staying abroad formore than 10 years) and resident indian form Private limited company in India. the main object of the company will be to engage in the areas of services related to capial market transactions. Are there any specific approvals for formation or else it will same as any other company formation?

is there any limit for transfering articleship?
its 3yr or no limit.

anyone pls help me with it. is there any provision by which the professional tax is exempt for handicapped persons. i need to know the provisions in regard with Tamilnadu state. pls provide me with an authenticated source where i can verify it.

Sir,

May I Know What is the current % of Cst with & without 'C' form ?

Can anyone explain me how to calculate the leave i have entitled ?
Can i take the credit for extra hours worked in the week & on sundays.

what is truncated cheque?
i hav not undertood its meaning pls zelp

Hi All,

Could you please help me in getting RTP-08 for final examination downloads? Timeout error is appearing while tring to download it from ICAI.org website.

Is it possible to forward the RTP to my mail id?

Thanks in advance.

Regards
Vidya

is it necessary to be in articleship while appearing in examination? i want to leave articleship after completeing 18 months in July08, to prepare for my PCC, as my C.A. would not allow me that much leave i wanted from him . After that i would again join articleship , but someone told me that i can't do it as you should be registered under someone while appearing in examination, so please help me what can i do?