Dear Experts,
Some one from our CA Club answer my query that Individual having HUF a/c can Give or accept commission on sales. But rightnow I have come to know from my circle that Individual having HUF a/c can not give or accept commission on sales as it is a 'Trust' & 'Trust' can not generate Income.
Now I am confused. Pls tell me in detail about HUF. In above case it is possible or not for commission?
Thanks.

Hi
Which is the best university for Distance/Parttime MBA (Finance)? And is there any scope in Market for MBA through Distance Mode? I am confused about it.I am MCom passed student and doing job in pvt. co. as a accountant. Any other part time course helpful to me to find good job.

Sir,

We are getting VAt input credit on purchase of Raw material, and account it like under

basic amt debit to purchase a/c.
vat input debit with tax amt and
credit to sduppliers a/c. I think there is nothing any wrong with the accounting.

During the current year TAX audit under income tax my C.A asking and force us to merge the VAT input credit to Purchase a/c. and out put tax in sales a/c..

We argued him that Input VAt is not a acquisition cost also not a expenses on our parts and also if we are taking input credit then how we can merge it.

Please advice what is the proper system. We have given referencesof some supreme court judgement in which clearly mentioned that party can account it separately.

Tushar Shah
E-mail: tushar2161@yahoo.com

From which date the new TDS Challan is applicable?

if tax liability before TDS is 39000/- and after 2000

then interest of 234B & C are liable or not

EMI paid before Possession of flat are liable for exemption u/s 80C

hi Friend -whetehr securities transaction tax & Service tax & Stamp duty paid on sale or pur. of shares are allowed as an expense. plz help me

ABC PVT LTD Co issue shares to Mr.Sharma at par. the face value of shares is Rs.10/-each.
After 8 month Mr.Sharma sold(Transfer) these shares to Mr.Gupta at Rs.2/-each.

in this transaction mr. Sharma suffered a loss of Rs.8 per share.

what we will be tax implication in above transaction.

is there any changes/proposal in finance act 2009 regarding profit on purchase of shares in hands of Mr.Gupta.

pls reply at earliest.

thanks in advance

sir i have just passed the inter exam and i need training in organisation so can you help me in this regard. also i feel that whether after completing the cwa whether i will able to get job in financial institution or not

kindly give me your openion on below question

1. every agent have filed ITR 4?(Yes/No)
2. complesion to prepare balance sheet & P& L Account or there is any limit for preparation those statment
3. maintent Books of accounts