Case I: A consigns goods costing Rs 33,000 to B at “PROFORMA price” which was cost plus one sixth profit on “invoice price”. What is invoice price of goods?
a39000 b. 39600 c. 40000 d 45000
In above case, what does “proforma price” mean and what’s its difference from Invoice price?

Case II:
A and B ( Capital 40,000 and 20000) buy land at 60k and sell it for 80k. What’s the profit on Joint Venture?
a) 20k b)30k

1. Does Indian CA qualification is
recognised in Singapore.
If yes how to go about.

2. Does the Institute have any MRA with
any other institute ( Existing MRA not
will be types).

Dear Sirs,
I am an articled student having passed CPT. My registration number is Artice\PCC\ITT\SRO0222342. I have joined for articleship on 2nd may 2007, because the 1st may is government holiday.
So, whether i can appear for NOV 2008 PCE exam or not..?
I am much tensed about about this because there is only one day of shortfall.. as this is a holiday.. so whether i can get a chance or not...? can i get provision of Substitution Scheme....? please reply me...
In view of your quick reply..
Thanking You..
yours faithfully, Ramesh Angadi

i will go for a self study for ca final.my attemp will be held in nov 2009(which is last attempt in old course)and in pe2,i like to study reference books rather than module.i like to study books which are in big font and provide much space between a letter like a padhuka prakashan. that's reason i don't like to study module. so pls give me the suggesation regarding the books which satisfied my needs. pls its argent.advance thanks for giving me cooperation. thankkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkssssssssssssssssss

If an Employee buys the Car as per the company lease and Company paid the entire amount through cheque including taxes, VAT etc which was being deducted from the Employee salary on a monthly basis and spreaded across three years.

If the Employee wishes to leave the Company in the same financial year and the Car has to be transferred to the Employee name, could you please confirm if the Employee need to pay the VAT (or any other tax) again and if yes, on what amount?

An assessee receive land through will from his husband in the year 2003. The husband had purchased land in the year 1988. Whether the cost of indexation will be done from the F Y 1987-1988 or from the year 2002-2003 i.e. the year in which she has received the land through will. What would have been case in case the husband had purchased the land in the year 1979.

Case ; The assessee is engaged in the business of sub contract of labour i.e he provides labour to main contractor.

Querry : The assessee makes a contract with other small contractors for supply of labour and the contract amounts of such exceeds Rs.50000/- thus making the assessee to make a sub sub contract.
so is he liable to deduct the TDS on this contracts which are sub sub contracts

My question is whether any Pvt/Pub Ltd company can pay Insurance Premium of Directors,Employees,Chairman under Employer Employees Scheme(Not Group Health or any other form of Group Insurance) and get deduction from Profit and Loss Accounts.Is there any limit to debiting of expenses under the scheme.Can corporate select any select band of employees/employee/directors/director for the said insurance scheme.

Please guide me.
E Mail: kashyap@kashyapfinance.com

What is tax audit and the main points to be noted in a tax audit case

Kindly advice as to which form of ITR is to be used for an Individual who comes under 44AB tax audit and who is also a partner in another 2 firms which also is covered by 44 AB tax audits. Urgent.