My Client is a Prop. Firm with a turnover of Rs. 62 Lacs. for the year 2007-08. His Net Profit is Less than the taxable limit of Rs.110000.

He was unable to file ITR by 30 Oct.2008 because of Health Problems (Hospitalized).

What will be the Penalty/fine for late filing of ITR?

Whether MCX is recognised stock exchange or not ? If yes, please tell me from when it got recognition from SEBI ?

WE ARE REGISTERED UNDER CENTRAL EXCISE AND WE NEED TO SUPPLY OUR EQUIPMENT TO CUSTOMER LOCATED IN A SEZ. SINCE THE SUPPLIES TO SEZ ARE EXEMPTED FROM EXCISE DUTY WE NEED TO EXECUTE A LETTER OF UNDERTAKING.

PLEASE LET ME KNOW THE FOLLOWING DETAILS:
1. VALUE OF STAMP PAPER ON WHICH THE LUT IS TOBE EXECUTED.
2. THE PAPERS THAT NEED TO BE ENCLOSED ALONG WITH LUT.

Dear Experts,

I am working in real estate sector we have purchased computer, AC, UPS & batteries, furniture for site office and construction has been started already in site.
Now I want to know how we can treat these fixed assets.

1. These are part of fixed assets in early stage of project.
Or
2. We have to put all these in capital work in progress and at the end of financial year we
Should provide a provision and put all this assets into fixed assets and have to provide Depreciation also.
Or
3. We must treat as fixed assets simply




Regards
Ravinder

Dear sir,
My self ca.jigar shah.now i want to do MBA.
so please guide me from when i can do MBA.please also guide me in which subject i do MBA.so it is benifited to me ..please also guide me from which university u do MBA cource and which is approved(Vllied). because it is not possible to go on regular basic.
Thanking you

Jigar shah

how to check stamp duty paid by broker and what are the requirements

Dear sir,
i just started my practice at Ahmedabad.i wan't to know how can i make registration for impenalement in the co-operative society or co-operative bank.....
please guide me i make inquiery in gov . department but no satisfactory and proper answer i received..please guide me for that..please also guide me for any other impenalement which is benifited to us...
Thanks

CA.jigar shah

Dear all,
Is there any news that minimum qualifying marks in final in each paper is 45 instead of 40? If so, then from which term?

X, an employee of ABC ltd, at the time of retirement gets a sum of Rs. 105000 from his employer as appreciation of services in addition to other benefits like gratuity, leave salary etc

Will the amount so recd as appreciation of services be fully taxable or

can it treated as a gift & will be fully exempt as the employer is liable to pay FBT????????

Plz guide



Thanks

Rupesh

we had purchase shares on 16/03/2003 and shares split on 10/10/2005 and sold on 10/11/2005 we had claimed long term capital gain is it right please suggest me its urgent