how to make profit & loss a/c and balanc sheet for the person whos business is of purchasing car in auction biding and then sale the car to customers for eg if he purchase a car in auction of rs 1,00,000/- and sale it in 1,50,000/- so how to make p&l a/c and balancsheet for it pl explain in brief

if we purchase any agricultre product and use as raw material for production direct from a farmer
how do we account that raw material in our account books as we dont recive any invoice for that.
please help

Our company is making payment to hotel for giving accommodation to its non executive director.Is company liable to pay service tax as per reverse charging mechanism following ts notfn.45/2012. Service tax audit by department demands payment of the same. But if we pay service tax on hotel room tariff it will lead to double taxation as hotel charges its service tax on its room tariff. Please advice whether ST has to be remitted by following notfn mentioned above in this case . very urgent

I want to know as to how can i take NOC from previous auditor.. and i need to take near about 10-15 NOC from same auditor so can i send all the letter requesting NOC in same folder or is there any other way ..??

Also do suggest way in which it should reach previous auditor.. can i send it by speed post ??

Thanks in advance.

pls provide me link for icai feedback form for exams!!

TO START YOGA CLASSES WEATHER WE NEED TO REGISTER ANY WARE. PLEASE CLARIFY ME

I have received and intimation u/s 200A from TDS,CPC,Vaishali,Gaziabad for quarter 4 ,financial year 2013-14 over mail.For the said period we have filed TDS return on 15th May,2014.However the TDS was deposited on 01/05/2014 instead of 30/04/2014 as the bank account is in Punjab and the banks were closed in Punjab due to General elections on 30/04/2014.
Now interest on late payment has been levied from date of deduction 31/03/2014 to date of deposit 01/05/2014.i.e 3 months as per the justification report downloaded from Traces .
Pls suggest what remedies do we have ??can we file a rectification with TDS Luxmi nagar,new delhi as the intimation is from CPC.

thankS

My assessee has arise capital gain of 10 lac from hosue property he has got loss in commodity trading or share trading wheather the loss will be set off against capital gain from house property

My assessee has sold land from which 10 Lac capital gain has arise .he is already owner of 3 residential houses shall he purchase one more residential house to exemt capital gain or where to invest for capital gain exemption

who can opt for composition scheme of vat in Maharashtra ?

how it is beneficial to them?