Due to economic slowdown, the company worked only 3 days in a week whole of 2008-09.
1. Can the company charge proportionate depreciation?
2. Can that depreciation be less than that prescribed in the Sch XIV?
Thank you.

State with reasons whether the following statements are true or false
(i) Errors of omission will not affect Trial balance
(ii) Piece rate method can be adopted in any industry.
(iii) Credit sale of stationery by Bombay Stationery Mart will be recorded in
Sales book.
(iv) Fixed cost per unit changes and variable cost per unit is same.
(v) The entry for bill of exchange discounted with the bank is passed in the
books of drawee of the bill.

Recently I was going through the article in one of the magazine which had little bit details of the growth rate of GDP for the year 2008-09 and also annexed were the growth rate of the sectors considered as prime growth drivers of the GDP. While analysing the same I came across certain questions which I wanted to bring it to you people for a confabulation.

Before I put in my analysis (very short one as compared to that of the subject) I request my seniors and experts on this site to correct me if I am wrong.

My analysis--- I find GDP for the year 2008-09 is recorded at 6.7% which is 26% below the GDP growth rate for the year 07-08 which was recorded at 9%. (Growth rates are as on 31/3/09). But at the same time the two of the major growth drivers of the GDP, 1.Agriculture and allied sector (A&AS). 2.Industrial production (IP), both saw a fall rate of above 65% for the current year i.e. the two were recorded at 1.6% and 2.6% for the year 2008-09 as compared to 4.9% and 8.5% for the year 2007-08 respectively.

Now points which confused me and which I need to understand are-

1. How seriously are the above two sectors A&AS and IP are considered as growth drivers?

2. If even after a record fall of over 65% in these two prime sectors GDP can stand with a 26% fall, then how strongly is GDP influenced by these 2 sectors?

3. If these 2 so called prime sectors are really not contributing to the growth of GDP then what is the need of bringing something special for these two sectors every now and then?

Frankly speaking I have not done much homework befor putting up this blog, so you people please, if you can, then do guide me over my observation. I cant find a better way to conclude, do we really need a modification in measuring methods and parameters of our economic growth?

dear sir/madem,

i had appeared in CA Final June 2009 Exam,
as My 2nd Group Papers was not well, & i started my prepration for nov 2009 Exam,
so i wants to know that "how i can find all new case laws (which comes during nov2008 to april 2009) list which may usefull for nov exam.

if u have then pls mail me at ankit_ds@rediffmail.com

thx in advance.

sir
from when onwards agriculture income set off from tax?

Hello Sir/Madam,

ARE THE FOLLOWING RELATED PARTY TRANSACTIONS as per AS-18:

Preliminary expenses incurred by the promoters of the new company, who after incorporation become directors and shareholders of the company.

Brokerage earned by a stock broking company due to trading of shares on NSE/BSE by its related parties on their own account.

Thanks & Regards,
Jyoti Baid

hello,

i want to know about ITR 4 return, A person who have only 194 j (Professional Income)income & only interest income can he file return ITR 4 for refund of TDS without maintaing books of accounts.

In ITR 4 a seprate col provide for non maintenence of books of accounts

can he fill only gross income & exps & net profit & cash balance & TDS details for ITR 4 Filing,

Is he corrct or not


pls reply


thanks

sandeep

delhi

how to calculat interest on national saving certificate and upto how many year is exempted from tax

Whether Income from RBI Bond is taxable or Exempted ?

plz tell me under which head income from fdr made by firm taxable.is donation allowed from income from other sources