Can anyone suggest me a BOOK for COST ACCOUNTING and FINANCIAL MANAGEMENT for IPCC-1? The book should be able to clear my concepts and should be written in easy language which can be easily undersrood. Thank You

A boundary wall is constructed on rented property, involving expenditure of Rs. 10.00 Lacs. Can this expenditure be capitalised in books of accounts??

Dear Experts
Ysterday I recive from my portfolio manager net loss on share intraday transaction...Since it is short term and I donot have any other Capital gain to get it Setoff.
This is not an issue but what is annoying that there is nowhere in ITR where I can put this loss amount and carry it forward!!!!

Kindly help me asap!!!!

I had purchased a flat in March 2005 and have sold it in April 2013. Flat was in my and my wife's joint name. Total LTCG is about Rs.1 crore. That we can either reinvest in a residential property within 2/3 years or in Sec 54EC bonds within 6 months is clear (if we want to save tax on LTCG amount). Questions are:
1. If we intend reinvesting in a new flat from a builder, when is the latest we are obliged to deposit the amount in Capital Gains Account Scheme (CGAS) account? Is it 31.07.2014 or earlier?
2. Supposing we buy a new flat then are we required to route all the amount through CGAS account or only the residual amount of LTCG as on 31.7.14 (or whichever is the latest date for CGAS as per question 1 above)?
3. Supposing new flat possession is scheduled to be handed over after 3 years i.e after April 2016, would only the amount that is paid to builder till April 2016 be eligible for tax exemption?
4. Do we need to declare anything regarding this transaction in our tax returns for AY 2013-14?

Hello,

My cousin is employed with a co-operative bank as an accountant. Her form 16 depicts that TDS has been deducted u/s 94C as she is still on contractual basis. There is no other source of Income. Kindly confirm whether i she shall furnish her return in ITR-4 or any other form.

Thank You

One company manufactures excisable goods
The company is in initial stage and having capital work in progress on which cenvat input is available
How to claim credit
The company has no manufacturing during the current year but has capitalization

Dear sir,

If an Assessee has to Rs.1 Lakh as Income tax on the Gross total income and Rs. 2 Lakh as per MAT sec 115JB.

In this the assessee has to pay MAT.

But my doubt is if the assessee has a TDS of Rs.25000 and advance tax paid 30000.

Then is the Assessee liable to MAT Rs.2Lakh or (Rs.2,00,000-25000-30000=1,45,000).

Please clarify.

I am a commerce graduate and cleared my cpt.
i have appeared ipcc in may 13. can i start my articleship now?? what is the last date of registration with ICAI under direct entry scheme?

What's tax liabilities on purchase by unregistered dealers

Hi all,

I have filed my ITR 2 as I was having only capital gain and I have fully invested my Net sale consideration(land).But when ITR V is generated it shows everything as NIL. Is it right that I had file my income from LTCG ? Since I have fully invested in new HP and balance in CG a/c ITR V shows everything as NIL.Please clarify