ihave a filed income tax return of a civil contractor showing net profit 5% for A Y 2007-08. The turnover iswas Rs1.25 cr.It is not covered by section 44 AD.As per scrutiny norms for the relevant a.y.if the n/p is above 5% and turnover is above Rs 1.00 cr,it will not be selected for scruitiny. The case filed by me fullfills the above requirements.But,it has been selected for scruitiny. What is reamedy.how can i challange this selection

transfer of prop. business assets to pvt. ltd. co. attracts capital gain in the hands of prop. if consideration payable is standing as unsecured loans in the books of pvt. ltd. co...? what r the conditions to be fulfilled for exclusion from capital gain?

plz tell me the entry of Provison for taxation in accounts ans effects of entry in PnL Balance Sheet. if adavce tax made during the year we have to make any adjustment with Provision for taxation in Accounts

plz tell me the netry of Provison for taxation in accounts ans effects of entry in PnL Balance Sheet. if adavce tax made during the year we have to make any adjustment with Provision for taxation in Accounts

Will any body will brief me on TCS mainly on sec.206(1C)....

Will any body will breif on TCS mainly on sec.206(1C) who is liable to collect??

Actually the qualification for IPCC is:
1.Passing CPT
2.Completion of +2

I Hav a doubt, that a student who had directly completed graduation course without doing +2 in other than commerce back ground is eligible for doing IPCC.

I am working as a Accounts Executive,
I've one doubt that is in my company we are started a contruction of factory. for that pupose we are issued a chq to the contractor. Ho to post this entry.

Hi All,

I have a query regarding Investment U/s 292 and 372A.

Can we pass the resolution by circulation under these sections for investment.

one more thing is there. Can a general authority can be given to MD to invest within limits prescribed U/s 292 and 372A.

I am of the view that a proper board meeting is necessary for resolution U/s 292 n 372A

Please Explain.

Regards,
Anirudh

Hello,
Just out of curiosity I wanted to know the value of post CA qualifications like DMA(ICA), DCM(ICA), DTM(ICA).

Thank you.