what is the definition of scrap???????

how should we determine that any material lying in the godown at the end of the year is scrap or closing stock???

suppose that i m a dealer in cloth, i purchase 100mm cloth out of which i use 95mm for production and i want to consider the other 5mm as scrap but the income tax officer says that it should be considered as closing stock of raw material

so what should i consider the 5 mm cloth (scrap or closing stock of raw material)????

I am an MBA with total 5 years of experience. I am currently working in Managemnet consulting industry. I want to pursue CA asap. Can you please tell how can I do it, as I dont want to leave my job. I heard therez a option of Industrial training option for working candidates, so that they dont have to go for articleship. Please let me know what should I do and where, how should I approach.

Thanks in advance for your attention and co-operation.

i purchase capital goods
value 10000
Excies 14% 1400
Vat@ 4% 400
------
11800
-------
How much ? i will treated as assets
Whole Amount (or) With out Excies duty and vat ( why i ask this question means,we will avail cenvat and Vat input credit)

please clarify this query.

Whether an enterprise should deduct TDS on telephone bill consisting of rent, call charges and miscellaneous charges.

If so, under which section it will be covered and at what rate?

If not so, why?

Kindly help,
Regards,
Pankaj

in case where there is change of propreitor say from X Individual to X karta of HUF whether 2 seperate tax audit report are required to be given even when the business remains the same

Four school units are run U/single trust.The owner of bldg. of all four school is one Individual only.Each school is paying rent of Rs. 3000 p.m.(i.e. Rs. 36000 p.a.). Total rent together of four schools is Rs. 144000 which is more than the prescribed limit under section 194 I of income tax Act-1961. Whether each school is liable for deducting TDS on the rent (particularly in view of facts that the TRUST is the owner of all the four schools)? Please reply as early as possible.

hi guyz..
i m a ca final student, n my attempt is nov 09. only a few dayz ago gotta knw bout this site,,, i hope u guys wil help me in solving ma probs.
1) i m confused whether i shud take IDT coaching from ajay jain sir or deepak gupta sir? whoz better?
2) i didnt got praveen sharma sir's nov 08 batch, so i hav got myself reg under praveen jindal sir... hw is jindal sir in teaching A/C? wht do i do?

when it is necessary to charge sec 234A, 234B, 234C

can we capitalize the life time tax on the purchase of car

Is the stamp paper invalid after 6 months form the date of issue.?