sir /madam
if a person is share broker or sub broker and he is dealing in share market .is tax audit is applicable on the basis of profit or sell or purchase transaction. If we take Sell or purchase value for audit then it may be that the limit of 40lakhs will cross in a day . please clear the matter ASAP

Hello Sir,

Sir i am a PE-II student, my exams are due in may'08..

i have enrolled for PGDBA(finance) july 2007 batch frm SCDL....and dong M.com (previous)...
i want to ask that these two degree will relly help me in my carrer....or it is not that worthy..

thanx,

sir/madam
can service tax will be set off against sales tax/vat . is there any provision of set off from other taxes also according to finance act 1995. please reply

sir/madam
if a lady get a compensation by the order of court during the case of divorce then by which it will be taxable in the hand of lady. whether it is taxable or not with reason
thanks

When the company goes for preferential allotment is there any limit or percentage upto which a promoter/director of the company can subscribe to the shares

Printing visiting card, name board, for this work TDS is applicable, if they give a bulk order.

hi
the organization deals in distribution of health drink. In meanwhile the inventories expired, how to write-off the the expired inventories?

regards

S.Jha

What is the exact meaning of lineal ascendent and lineal discendent in respect of gifts received from relatives? pls let me know this quickly..

M/S XYZ is a partnership firm exclusively engaged as Direct Selling Agent (DSA) of vehicle loans of a Bank. The Gross Receipts of the Firm is Rs 60 Lakhs (App) during the FY 2006-07. As Per scrutiny guidelines of CBDT for FY 2007-08, under para 2(xiii), "All cases of professional with gross receipts of Rs 20 Lakhs or more if total income declared is less than 20% of Gross Professional receipts.""
The question is "Is M/S XYZ is a professional firm falling under criteria 2(xiii)of Scrutiny Guidelines or it is not a professional firm?

do a charitable trust running a school having a turnover of 40 laks + , will tax audit be applicable to them ( sec 44AB). the turnover of the trust is 6120000