in case of person dealing in shares regularly the profit or gains is treated as business income. Can i value stock holding as on 31.3.2008 taking market value as on 31.3.2008 The purchase cost is higher

Hello Friends,
Please tell me how do I develop the observation regarding classification of similar assets in different asset class.
e.g. AC has been grouped in "Gross Block - Electrical Equipments", "Gross Block - Building" and "Gross Block - Furniture & Fixtures".
Plz tell how to do it through SAP.
I am using "Balance Lists > Asset Balance > by Asset Class".
Waiting for your replies.
Vinod

once when it is decided that profit/gains will be treated as business income can it be said that day trading profit is speculative business profit and profit from delivery of shares is non-speculative profit or entire profit/gains is speculative profit please some one answer as soon as possible

What will be the rate of TDS on amount paid against the services of security for the offices availed?Will it be covered under Sec 194J or 194C?

I would like to know what is that provision for Freight charges on sales for Gujarat VAT???

i.e. Ass. Value + Excise Duty + Gujarat VAT + Freight Outward

OR

Ass. Value + Excise Duty + Freight Outward + Gujarat VAT

Pls guide.

Regards

Pranav

i am student of pcc & i am also registered regular b.com(p)course.actully iwant to know form no. 112 is compulsory for me becouse the new announcement of ca institute that any student resitered in graduation or any other course before 1-4-08 for that student is not filling form no. 112,please tell me these announcement for all students(correspondence studies or regular studies) note: i amregistered in b.com(p)before 1-4-08 in regular college

I am student of PE II.

I have cleared my Ist group long back and In November 2006 I have appeared for second group and I got exemption in Paper 5 Income tax & CST as per my understanding the said exemption available till May 2009.


Kindly clarify my doubt as I want to submit by exam form.

Thanks

raj

hello everybody,

I want to ask that in any organisation many payments are made during the year and on those payments TDS is deducted so during any audit how do i check whether TDS has been properly deducted or not

one simple way is through vouching i.e take their system and check whether they have properly debited the amount or not

the other way is to rely on there data that they had deposited.

shantanu
shantanuca@gmail.com

DEAR SIR,
PLEASE SEND ME FORMAT OF VAT AUDIT for the Gujarat state.

PLEASE SEND ME FORMAT OF NOC LETTER.