PERSONS OF INDIAN ORIGIN HAVE GIVEN DONATIONS TO TRUSTS IN CHENNAI. WHETHER FERA applies to these donations received by the Trust.

Dear sir,
As per AS-2,freight charges paid on purchase of fabric should include in the cost of purchases(i.e) whatever may incurred to bring the goods to the godown should included in the cost of purchases.
but in my client place,freight charges are grouped under direct expenses..clearship and forwarding under purchase a/c(tally software)..
whether will it reveal the correct value of inventory in balance sheet? becoz direct expenses is not affecting the inventory valuation..
my opinion is,they should group freight charges under purchase a/c..is it right?



Thanks in Adv,
A.Rekha

Dear Sir
I have submitted my Income tax return for the asst year 2008 - 2009 on 16.05.2008. I have claimed deduction u/s 80 c Rs.1.00 lacs and paid tax after deduction u/s 80 c but I have forgetted to write the deduction in Schedule VI-A ,80 C column and I now I have received a letter from Income Tax department to pay tax on Rs.1.00 lacs.Plz suggest what to do?

Thanks

if return is filled on 02/02/2008 and due date of filing return is 31st July,2007 and Self Assessment Tax is paid on 07/07/2007.For how many months interest u/s 234A will be charged?pls rply its very urgent

Dear Frnds,

I am CA PE2 and CS inter student. I have completed a group and an exemption in Info tech. I am appearing for June2009 PE2 exam. I have wrote CS inter in Dec08 and got cleares in one group and has to write 2nd group in june09. Is it possible for me to shift to the new scheme of CS for second grp as if i write in old scheme the dates of CA examz clashes. If in new scheme then i can write bth. pls help me frnds.

Unni

a husband sold a flat & plot in the year 2008 for rs 4000000/- & his wife already have a land in another city in hers name

the husband start a construction on his wifes plot all expencess are made by husband for construction

wheter this capital exp are allowed u/s 54 & 54F to the husband or not what procedure is followed for capital gain investment
any citation Or case law
thanks
cahemantdewani@hotmail.com

Sir
I want to know that if an individual is trading in shares not for investment purpose but for short term then his income shall be computed under which head of income?PGBP or Capital Gains..
plz tell the treatment of STT paid.
also clarify the valuation of stocks with him for the calculation of income for the year.
also the method (FIFO, LIFO, Weighted average etc.) will change if bonus shares are allottd to the assessee.
Thanks..

please help me... i m confused here.... i cleared my pcc in nov'08.... doing articleship from a small firm.... now to get more exposure i wanna join a good firm... i gave interview to many.... but none of the firm is agreeing for coahing classes..... please help me... where to sacrifice.... good firm,coaching for my regular study, or my self study.....

or shall i take classes from NIRC....

a bit confused

please help me

Dear Sir,

I want to join Industrial Training. I have completed 2 years of Article Training under CA from Mumbai. Plz give me details about the Industrial Training
1. How to Apply
2. Where to Apply.
3. Procedures for Industrial Training.

Hope you given me as earliest possible.

Thanking You

Yours Faithfully,

Sachin Dagde

Dear All,

Please advice the exact date for the applicability of reduced service tax of 10%.