Hi. i today read that the concept of Dematerialisation has abolished Odd Lots in the Capital Market.
Can anybody tell me what do we understand by Odd Lots?

BRIEF BACK GROUND:

WE ARE A TRADER TRADING PRODUCTS ACROSS THE COUNTRY AND SIMUNTANIOUSLY WE ARE ALSO GIVING SERVICES LIKE AMC,COMMISSIONING & INSTALLATION ON WHICH WE ARE LEVING SERVICE TAX .

1.CAN WE CLAIM INPUT SERVICE TAX ON SERVICE TAX PAID ON DAY TO DAY EXPENSES LIKE ON TELEPHONE BILLS ,ADVERTISEMENT BILLS,AMC BILLS.
2.THE EXPENSES ARE INCURRED FOR THE ENTIRE BUSINESS OF TRADING & GIVING SERVICES.CAN PROPORTIONATE CLAIM MAY BE MADE.

PLEASE QUOTE THE REFERENCE PROVISIONS OF SERVICE TAX

I want to know how to create closing stock a/c in tally.

I tried creating closing stock ledger under the group stock-in-hand and entered the opening stock value and entered the closing stock value, but closing stock did not appear either in p& l a/c or in the b/s .

please give your suggestions

Dear fellow CAclub members,
while I have been reading about stock market movement in a day, i come across the term "the market opened with a positive/negative gap of --- points. What exactly meant by this? The dealers can order only after the market opens, then what determines the above mentioned gap?
Hope I am clear in my question.

Hi
i have cleared my cpt in nov 2007 , yet i have not joined my articleship...as i was doing a job. but now i have left that job as i wants to continue my CA...please suggest which CA firm i should ,i wanted to get good knowlede (thats my priority) .i am located in delhi.

Thanks shiv

What is composition?under this method how VAT is leived? at what Rate?

How it is Leived?And at what percentage.

some documents are printed and bill is 50000/-.on this amount Tds is applicable?
under what section? my Doubt is may be it is printing and stationary expenses.

Dear Sir,

One of my Client engaged in an opeartion of Advertising service in Printing and Electronic media.They are advertising in Gulf News published in UAE through a LLC, my client is not sure about any written contract or agreement with LLC regarding % of commission and terms of payment.In such case,under which section I insist them to deduct the tax on the payment to LLC.

Thanking you,

Dear Sir,

If an assessee drawn housing loan for construction of housing unit in the name himself and his wife , but the property registered only in the name of himself , in such case, can both of them claim interest u/s 24 - B up to Rs 150,000 for each or he can only claim deduction u/s 24 B .
Thanking you.