IF A IS HAVING INCOME TAX LIABILITIES OF RS.35000/ FOR FINANCIAL YEAR 2007-08 & HE HAS NOT FILED I.TAX RETURN ON DUE DATE 31.7.2008 WHAT WILL BE FINE /INTEREST IF HE FILE THE SAME TODAY 15.11.2008 NO TDS & NO ADV.TAX PAID

which standards have been recently amended...
what are the accounting standards applicable for May 2009 attempt Ca (final)

which standards have been recently amended...
what are the accounting standards applicable for May 2009 attempt Ca (final)

For input serivce distributor, each premiseses (office) has to be registered within the same city where services received or one premises is enough to distribute the credit where accounting is being done. Do not want centralized registration. Can anybody explain pratical aspect?

How should i start for preparing PCC Exams held in may 2010? Give me informaion for every subjects? I m finding difficulty to start any sub?

Give me the information of two types of cost sheets namely marginal & absorption?

one of our staff went to kolkata for investigating on purchase of machine from Germany.so in which A/c head it may go.

thank you with regards

Sir,

My client is a civil contractor.He is entrusted with road, canal, building maintenance work etc. During the financial year 2005-06 he earned a total gross contract receipts of Rs.3800000/-. He filed his return of income under sec 44AD declaring his income as 8@ of 38 lakhs. During that year he claimed deduction under Sec 80C for LIC premium and tution fee of 1 child paid. Now this is selected for scrutiny on AIR basis. Does the concerned income tax officer have the dicretion to make an addition stating that there are no books of accounts maintained? What could be the basis on which the addition would be held valid? It is advisable to go for an appeal in case of an adverse order?

regards,
Priya

an agreement have been executed by power company for construction of 33kv line where major material is being provided by company to contractor and some material will be arranged by contractor. the value of work contract is about 50lacs in which45lacsis erection carriage charges and remaining is the value of material arranged by contractor.what is applicability of vat in this case?whether power company will pay vat on material arranged by contractor or vat on full value of contract will be deducted by company?

Is consolidation procedure under IFRS is similiar to IGAAP?
Is the treatment of pre-acquisition profit and post acquisition profit same under IGAAP and IFRS?
Can Profit on Bargain purchase arising from one subsidiary be adjusted against goodwill arising from acquisition of another subsidiary?