The assessee advanced money for the purchased of land from HUDCo.The land was allotment by the harayana govt.on lottery system.The assessee was allotted the land.The assessee transfer the allotment to some other party thereby earning some profit.The query is whether the profit earned on the transfer of the land without purchasing the same shall constitute capital gain or shall it be considered as income from other sources.The advance for the land was given some 3 years back.

Can you please tell me names of certain websites from where I can get useful information relevant to CA Final MAFA examination.(other than SEBI, BSE, NSE & other stock exchanges). I haven't attented any coaching classes and this particular subject is a big burden for me.

A COMPANY PAID HRA 1500/- P.M. TO HIS EMPLOYEES & PROVIDES ROOM IN HIS OWN BETCHLER HOSTAL IN SHARING (TWO EMP. IN ONE ROOM) AND DEDUCT 500/- P. M. FROM SALARY OF EMPLYEE.
IS LIABLE FOR PERQUISITE AS RENT FREE /CONCESSIONAL UNFURNISHED ACCOMADATION OR NOT? IF NOT THAN RENT 500/- PAID BY EMP. WILL CONSIDERED IN CALCULATION OF HRA EXEMPRION [U\S 10(13A)].

Whether administration overheads are included or not for the valuation of closing stock of finished goods.
Please give a detailed explanation probably with an illustration . I also want to you to prepare a cost sheet for the illustration.
I thank you in advance and please help urgently

Some one pls let me confirm wheather the quaterly Etds return is mandatory or not in case of nil tax deducted. pls quote the section, circular or notification ref no

Two residential house properties are purchased, one in 2004 and another in 2006, each under an housing loan availed from 2 different banks. Whether assessee can claim deduction u/s 80C on repayments of both these loans for AY 2008-09? [or whether the section permits deduction on only one (first)housing loan pertaining to one property only?]

Will the answer be different if in the above case, second loan is availed to construct first floor on the same property?

[The loans are used for construction only and not for any repair / renovation in the above cases]

The above queries are with specific reference to the later restrictive provision of the same section. The A.O interprets that any additional loan availed, whether used for constructing additional floor or a new building, after completion of construction or obtaining possession of first property or ground floor, will not qualify for deduction for its repayment.

Whether demand can be raised by ITO (TDS) for non deduction / shortfall in deduction of TDS by an assessee?

If so, whether any time limit exists for raising such demand. How far back he can go? For example, can he raise demand in 2008 for default in deduction of TDS in FY 2003-04? [The problem is that the payee can not claim credit for such belated deduction of tds (even on the basis of form 16A), if the filing of revised return is time barred or disabled (owing to non filing of original return in time), even assuming that this otherwise provides a valid ground for filing a revised return]

Will this not amount to double payment of tax, if the payee had made good the shortfall by himself paying the advance tax?

Pl provide me with the information regarding the provisions relating to industrial training for PCC students

Tax deducted on 31st March is to be deposited upto 31st May.


The above statement is confirmed by refering to following links:


http://www.indiancaonline.com/story/2005/6/14/19284/1062(refer notes: point 2)


http://www.mmehtaco.com/TDS_RATES&DUE_DATES.pdf


BUT

Following link says the above rule is NOT applicable to PAYMENT OF SALARY(Point 12)



http://ghalla-bhansali.com/it_tds.asp


Please confirm whether TDS on Salary is an exception to the statement - Tax deducted on 31st March is to be deposited upto 31st May - BY QUOTING RELEVANT SECTION / RULE

my CA Final attempt is in May 2010, i want to know how to prepare theory subject especially Auditing.
please guide me.
How guidance notes are to be prepared?