saritha
19 July 2008 at 08:28

please reply

i could not clear both the groups in may 08 exam,so applied for verification of answer papers

i forgot to write my address in the letter for application of verification of answer papers

so will i get my result by post? how to know my result.


CPA Partha Sengupta
19 July 2008 at 00:41

Accounting Treatment

Hi all,

Please help me with a correct Journal Entry. Suppose, a Co. has a Development Fund and it wants to purchase some Fixed Asset utilising the said fund. It has a particular Bank A/c (say D.Fund Bank A/c) which represents the D.Fund Value. Now, I think-
Fixed Asset A/c is to be Debited & D.Fund Bank A/c is to be Credited (Current Asset is converting into Fixed Asset)
Again, Development Fund A/c is required to be Debited because of its utilisation (Fund gives Cr. Balance) then which A/c should be credited in this case under Double Entry System of Accounting.

Kindly reply

Thanks in advance


Pankaj
18 July 2008 at 23:47

what should we treat such income


If a person earns money from a limited co.
inrespective of letting out a house.where such co. runs a commercial activity.

so as per your view assesse should treat it as income from other source U/S 56(1)[which says income from letting out the building] or treat as income under the head of house property.


CA Annie
18 July 2008 at 23:00

Reg: PCC/CPT

For a Bcom graduate, can they directly enter into PE II course or should they have to join from CPT (base). When does the ariticles start? only after passing CPT?


amit
18 July 2008 at 22:38

capital gain

whether the compulsory acquisition by the local bodies like improvement trust etc.(state owned bodies) are covered under the compulsory acquisition u/s 10(37)


Harshit Dhupia

What is a Body Corporate?


venugopalareddy

my assessee went to abroad on company work.
for filing his return how can we get the signature from him to file the acknowledgement ITR-V
He does not have the Digital signature
can any one advise me?


mukesh chudiwal
18 July 2008 at 20:35

Capital introduction

hi friends,
Can anybody tell me how can one introduce capital while filing his return first time? What could be the sources of capital?


khaleel

hi sir kapil g thokre thanks for u r replays to my previous questions sir in my previous question i had asked u that one of my friend has passed cpt in aug 2007 n failed his 10+2 in march 2007 n now he has passed his 10+2 in march 2008 can he register for pcc n u have said that he can. he had went to ca office for articleship n that CA has told him that how did he wrote his cpt exam witout passing his 10+2 n u have said that try to explain him that he has wrote his cpt on his 10+2 certificate n he went to another CA n he has also asked him the same question n did"nt tried to listen his explation sir? he is totally confused sir help him out sir.


nilesh
18 July 2008 at 19:40

service tax

Dear

In current year my party raised invoice to me for year 2004.(in 2004 party raised short invoice to me)
If i paid this invoice this year can i get service tax setoff this year.OR if this is within time barred than
Please clarify

Thanks

Nilesh






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