Anonymous
21 May 2014 at 12:43

F & o loss

Hi,

During FY 2014-15 , I have Net Loss of INR 65000/- approx from F & O transactions.

My turnover during the period is around 4 lakhs.

Whether maintaining books & audit of same will be required for claiming & carry forward of F & o Loss

Thanks...



Anonymous
21 May 2014 at 11:55

Tds on safari booking

Dear sir,
I would like to know that I booked a Safari through a Hotel with same package details like below
INR 10,000/- for Hotel room charges
INR 5000/- for guide charges arranged by hotel
INR 30,000/ for safari charges arranged by hotel.
and bill received from same Hotel only.
So kindly advice me on this matter will i deduct the TDS on the payment of Safari and guide charges.

Thanks


Deepak
21 May 2014 at 11:03

Ifrs and cima

Dear Experts,

I need your valuable suggestions regarding IFRS. I am working in a PVT LTD Co. in Accounts.
I am planing to go for IFRS but confused whether this will help me because the Implementation of IFRS in India is still unclear.
Since 2009 most of the students completed IFRS but not many got opportunity to work in IFRS and not many got advantage/appreciation in their jobs for doing IFRS.

Also, If you won't suggest IFRS now then should I go for CIMA.

Best Regards


Suraj Pathak

I want to know whether any changes has been made in this rule??? i have heard that the requirment of calculation using 2.5% for each quarter has been abolished???



Anonymous
21 May 2014 at 10:19

Section 54f and housing loan

SECTION 54F AND HOUSING LOAN
can 54F be claimed?
1.Building sold on 02-05-2014 Rs.65,00,000
2.Residential house constructed on 31st July 2013. Value Rupees 80,00,000
3.Housing Loan amount is Rs. 15,00,000.
Can 54F be claimed?


Arvind aggarwal
21 May 2014 at 10:19

Fixed assets capitalisation

Dear Sir,

We have purchased a machinery of Rs. 1 lacs as the machinery was not delivered at the specific time, we have deduct Rs. 10,000.00 as delay penalty from vendor and paid Rs. 90,000.00.

Should we book Rs. 1 lakh or Rs. 0.9 lacs in fixed assets account.

Kindly suggest.

Regards,
CMA Arvind Aggarwal



Gurvinder Singh Chopra
21 May 2014 at 10:06

Planned ca final studies

hi all my dear friends and experts. I have cleared my ipcc and I have started my articleship two months ago, now please guide me about the studies for ca final. Which teachers are good to take coachings from? Do I take the coachings of all subjects or some selected subjects? Do I opt for single or both groups for final exams? Please reply ASAP ? And I live in Delhi.


parthiv anand
21 May 2014 at 09:44

Advise

hi
i am pursuing ca final my attempt is november 2014.but i still not complete my graduation degree.i have regesterd with the cource bcom(ignou+icai).

but i am little bit confused about the validation of that bcom.is it same as general bcom by other universities.

please suggest whether i have to take admission for graduation from other universities or not.

thanking you.......


Divya
21 May 2014 at 09:00

Tax

A house purxhase in1968 at 2 lakh nd its value on 31st March 1971 is 4 Lakh nd During the year the assessee underwent some improvement Of 1 lakh.What value will be taken 4 wealth tax if on 31stMarch its value is 6 lakh...Plz Justify??


Atanu Sarkar
21 May 2014 at 07:48

Hra exemption - da arrear

Form 16 issued by employer for PY 13-14. In July 2014 employer gives DA Arrear for the period of July 2013 the March 2014. Then, while filling return does the employee take into consideration arrear DA as well, in the calculation of HRA exemption.





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query