Dear all i have one doubt regarding accounting of option contract. Here am giving the following datas please tell me the way to account it
For 1st contract: Trade date is 07-11-07 Expiry date is 27-03-08, contract amount is USD 200000 conversion rate is Rs.40. Total INR is 800000/- Margin is 3% i.e 240000
For 2nd contract: Trade date is 07-11-07 Expiry date is 28-05-08, contract amount is USD 200000 conversion rate is Rs.40. Total INR is 800000/- Margin is 3% i.e 240000.
If any other information is required please take an assumnary figure and please solve it

Dear Friends,

Can any one tell me about surcharge marignial relief and what is the basic to calculate the surcharge marginal relief.


Thanks in advance.

Regards,
Sekhar Dasari

1) Should the company which collects Forms 15G and 15H submit to IT department just the DETAILS of persons from whom Form 15G and 15H are collected


OR


one should submit the FORMS COLLECTED itself in physical form?



2)IF form itself is submited in physical form, does the company have to submit BOTH the forms collected to the IT department


OR


the company keeps one and submits the other to IT department?


3)When is the last date for submission of the forms/details to IT department?


4)Please confirm Whether :


Form 15H is for interest OTHER THAN INTEREST ON SECURITIES receivable BY SENIOR CITIZENS


and


Form 15 G is for INTEREST ON SECURITIES BY ALL including senior citizen.

hi,

any one please let me know the proceedure to amend the articles.

many thanks
Basavaraj

Dear Friends,

i have deposited service tax for march08. but after deposited we found that some more bills are coming related to last f.y 2007-08 and we have not taken input credit for these bills at the time of deposit service tax in march08.
now my question is can i take input credit in April on payment basis or i have to go for refund procedure.
pl z give me suggestion what i have to do and what effect will go to Service tax return.

should we give effect of PRIOR PERIOD ITEM in current year B/s?

Eg. Expenses of Rs.20000 was recorded by Rs.10000 in previous year, now in the current year should we pass the entry for remaining 10000??

Assessee purchased DVD writer for Rs.1450/- for upgradation in technology by repalcing old CD Writer whether it is capital / revenue exp?
Also he upgraded Tally 7.2 software to Tally 9 whether this is cap or revenue exp

One company deducted some amount in 2006-07 as TDS, but did not confirm the same, nor gave TDS certificates.

So in AY 07-08 (PY 06-07), return was filed without mentioning the said amount of TDS.

The TDS certificates pertaining to 06-07 (with 06-07 being written on them) are being given now.

So can I mention the same in PY of 07-08 and claim refund ??

Query is the whether rent paid to wife (House was in the name of wife)is allowed for claiming exemption under HRA, and if a person claim exemption since last 4-5 years ,than what he do?

and tell me that if there was no proof the from where the house was come to the wife

is service tax and sales tax (other than medicines) applicable on Hospitals? if yes than on what.

thnx in advance .