Can a Partnership Firm carrying on the banking business get itself Scheduled in the SECOND SCHEDULE OF RBI ACT, 1934 ?

We are manufacture and paying transportion on purchasing Raw Materail what % service tax deposited to claim subsequently earlier it was 25%of Service tax

Raw Materials are purchased by a company. The goods are transported through Goods Transportation Agency. The company pays service tax at an abated rate on behalf of the goods transport agency and no credit for service tax paid has been taken by the company.Can this service tax amount be added towards the cost of inventory in the books. If it can be done how will be treatment at the end of the year when closing stocks are physically verified and valued, as per AS-2

Dear Experts,

We are a company engaged in construction of Mall after Purchasing of land. and our income it leting, Leasing and Sales of Shops etc. In this regard we want to know :
1. Is Rental / Leasing Income be treated as Business income or Income from house Property.

2. How the cost be calculated for sale of shop at the Mall.

3. How the Profit on Sale of Capital Asstes be Calculated . Is indexetion is applicable.

regard.

Om Prakash Sharma

1)Does the word '& Co.' used in the firm name of most CA's signify that a CA is working 'along with others in his/ her firm'?.Why is it that some CA firms have the word ' & Co.' attached to their firm even when they are the only person working in the firm?

2)Other than the words ' Associates' and '& Co.' what words can a CA use to attach with his name for his/ her firm's name?

Hi
I have cleared CA inter and appearing for IGNOU BCOM(A&F) in June 2008. My question is whether BCOM(A&F) degree is comparable to U.S. graduation degree?
and is there any center in india for writing CFA level 1 exams?

Thanks
Priyanka

Mr.X who is a CA, worked in ABC Ltd as a Chief Financial Officer from 01.04.07 to 31.12.07. After that period he resigned his posting and joined in a CA Firm as a partner from 01.01.08. but which firm is already appointed as Statutory Auditor for the perod 2007-08 by ABC Ltd of its last AGM held on 30.09.07.

Now my question is whether that CA firm can conduct audit for the period 2007-08, because 2/3 of the period, Mr. X worked in the company as CFO.

Pls tell whether proposed bannin of articleship transfer is rumour ? If so how can one switch over to industrial training during last period

Someone take a building on rent thru Property dealer and Commission/Brokerage paid by tenant to the property dealer for his services.

My mother aged 63 years, has inherited a capital amount of Rs.5 lacs from a transaction of the house in owned by her father (not alive now) which is now owned by my uncle.

Could you let me know what kind of tax will this attract ?
Is the entire amount taxable ? If not, how much has to be reinvested to make it tax-free.

What are the reinvestment options to make this money completely tax-free ?