If 100 % payment is made in advance against good imported,
is it that there will be no booking of foreign exchange gain/ loss ?

Also on what rate should the purchase booking on imports should be done ?
On the date of Bill of Lading or on the date of BIll of Entry ?
Also shud custom duty, C&F charges be debited to purchase a/c instead of their respective expense heads ?

Pls reply urgently

Is it compulsory that the annual return and balance sheet abstract to be attached with e-form 20B and uploaded to MCA21 is to be physically signed by directors of the company.
OR

Is it possible to type Sd/- in the place of signature and below that type the name of the director in the said attachments for the purpose of attaching and uploading the said e-form as generally done for the attachments of e-form 23AC and e-form 23 ACA.

My assessee runs a gas agency and is also engaged in plying goods carriages.
The turnover of LPG agency exceeds 40 Lacs & hence he is subjected to Tax Audit u/s 44AB in respect of that business.

As regards the plying of goods carriages, he owns 1 truck in his name & has engaged 2 trucks more and has provided these 3 trucks to LPG bottling plant of a PSU to transport the LPG cylinders from the plant to any gas agency within a vicinity of 200 kms from the bottl. plant. They are under the control of the PSU bottling plant (& thus they do not support me in my primary business of running Gas agency).

The payments of all 3 trucks are recd in his bank account (which is also used for the gas agency purpose). My assessee deducts 2% as his profit & pays the balance of the amount recd in respect of the 2 outside trucks (after deduction of TDS u/s 194C) to their owners.

My query is that can he assess his income for the owned truck u/s 44AE @ 3150/3500(and thus not maintain any books reg. this truck) and include the amount recd in respect of the 2 outside trucks from the bottling plant in the TURNOVER (alongwith that of the gas agency) for the purpose of 44AB or shall he have to maintain books reg. 1 truck owned by him?

Pl. reply

Thanks!!

hello
i appeared for june 2009 final result.i got 59 marks in MICS
can anyone plz tell me wht is the last date for revaluating it ?

i dont have any idea how to do it

please,if someone knw let me knw

Dear all, please solve my Problem

I am register my self in CWA Inter in old course and pass in dec08 exam now i register My Cwa final in new course.

I want to give both groups in Dec09.

is any reqirement other than Postal papers which i already submitted to institute like GD BC, Computercourse, Modular Traing, Industrail training .etc

please give your advice me?

Reporting Requirements U/S 269SS and 269T in Form 3CD

When assessee accepted loan from credit co-operative Society (OD Account)

Example Transactions:
01-04-2008 Loan Accepted by cash Rs. 1,00,000/-
30-09-2008 Interest Credited to Loan A/c Rs 7,000/-
30-09-2008 Loan Repaid by cash Rs 25,000/-
01-01-2009 Loan Accepted by cash Rs 50,000/-
31-03-2009 Loan Repaid by cash Rs 50,000/-



What is the amount of Loan Accepted to be reported U/S 269SS ?

What is the amount of Loan Repaid to be reported U/S 269T ?

A manufacturing firm is situated in area eligible for deduction u/s 80 IC and is claiming deduction accordingly. The present constitution of the firm is proprietorship.

If the constitution of the firm is changed to partnership, whether it will have any impact on the eligibility of the unit, to claim deduction u/s 80 IC for the balance period.

Please advice with reference to the specific provision / proviso or case.

Hi, I have cleared my PE II in Nov 05, and after taht i have never applied for final exam now i am planing to complete my CA,

Could u pls let me the best books/notes for Final Group1.

Hello,

Suppose a partnership firm is taken over by a private limited company on 14.07.2008. In that Case

1) Can partnership firm charge depreciation for 6 months as per income tax act OR up to 14.07.2008 only.

2) As for company companies act is applicabe Can company charge depreciation on assets from 14.07.2008 to 31.03.2008 as per companies act, daily basis.

3) while computing allowable depreciation for company as per income tax act, Can copmany take depreciation for full year as company had purchased/ taken over assets more than 180 days.

4) Is this is a double depreciation for partnership firm as well as for company from 01.04.2008 to 30.09.2008

hello i m uma agrawal. I am pursuing for cs executive.can i get some tips for learn general and commercial law. It has lot of cases & sections.