"Net Realisable Value=Estimated Selling price-Estimated costs of completion-Expenditure requried to carryout sale."
In the above context whether below statement is correct?
"Above NRV formula can be specifically used for Semi finished goods,However for Finished Goods NRV will exclude Estimated costs of completion because there cannot be estimated costs of completion for finished goods.

I will be very much thankful to you.

Hello everyone,

one of my client is a pvt ltd company

Net profit before tax : Rs.937410/-
Tax deducted at source : 156224
provision for tax : ?

there is no difference in book profit and taxable income from business and profession except for provision for tax.

how much amt should be provided in the accounts for income tax(incl. advance tax interest) ?

waiting for the views of the experts.

sir I registered for articleship on 31-10-2012 but I got transferred from first principal on 26-9-13 In transfer form i.e,108 first principal stated that total leave taken is 50 days..Am I still eligible for May 2015 final exam.From here Onwards I will work regularly & I will see that my leaves doesn't crosses 100 days till may 2015 Am I still eligible for may 2015 exam whether yes or no?Please give the answer in Yes or No form

my friend wants to open a restaurant. only take away and delivery. please suggest me what documents are required and what all the legal requirements for the same.

Hello everyone,

one of my client a pvt ltd co has provided depreciation in the books at the rate prescribed under the income tax act.

so while computing his tax liability there is no difference in depreciation as per books and as per income tax act.

Is this treatment correct ?

Dear sir,

An Indian entity providing software service to Foreign client outside India, This entity does not have any relation with the foreign client as an associated enterprise.

my query is does this enterprise liable to furnish audit report u/s 92E in Form No.3CEB as they entered international transaction by way of service.

PLease let me know as early as possible

Thanks
A DEEPAK

can a assessee add 1 CA TWO Times to upload two business concern audit report.

how to interpret this provision:-
the chairperson and every other member shall hold office as such for a term of 5 years(qualified to be reappointed), provided that the chairperson or other members has not attained the age of 65 years.is it:-
(1) their term will end with the end of tenure of 5 years or attaining of 65 years whichever is earlier; or
(2) they can be appointed or reappointed before attaining their age of 65 years for a term of 5 years?

CAN AN AUDITOR FILE 2XML OF 3CB-3CD OF 2 BUSINESS CONCERNS WITH SINGLE PAN OF ASSESSEE?

respected sir ,
for a propritory business whether balance which is submitted to income tax department shall include fixed assests like residential house or site and other personal assests .please explain