Income from future and option (trading in share market n commodity ) will come under which head of income.

2. If we treat this income as business income whether tax audit is applicable for turnover ?
3. kindly tell me the section in which this income is under perview

Normally in tax audit of Medical shops it is not practical to give quantitaive detais.Further this facts was also mentioned in the Tax audit Report against point no 28a.of report.
What should be written in ITR-4 against column Quantitaive detais. Whether it is mandatory to give quantitaive detais of pricipal items so traded. whether the return filled will be correct or not, if no quatitaive detais of op stock , purchases , sales , cl stock mentioned in ITR-4

A charitable educational Institution is running schools without profit motive but for social service. Is it covered under the definition of business and commerce.

hi
i have registered for the final course this month and also pursuing my articleship.i also completed B.Com thru a regular college this year.I would like 2 know more about the M.com being provided by ignou for c.a . fynl students.When should i apply?seeking more details too.

thanks

Dear Friends

Can anyone of you tell me whether a company has to disclose the excise duty paid and received, etc in the p/l a/c of the form if it is following exclusive method of accounting.

Hello Friends

My query pertains to Clause 4 of Schedule I to Chartered Accountants Act as amended by Chartered Accountants (Amendment) Act, 2006. Amendment provides that a CA in practice should not enter in to partnership with any person other than CA in practice or any other person who is member of any other professional body having such qualification as may be prescribed.

I want to know whether any such other professionals have been prescribed for the purpose of partnership.

Regards
Hitesh Chhugani

A company (A Ltd.) has acquired a business unit of another company (B Ltd.). Consideration paid is more than net asset acquired. Hence there is a goodwill for A Ltd. Whether A Ltd. can claim amortisation on this goodwill amount for tax purpose.

A company (A Ltd.) has acquired a business unit of another company (B Ltd.). Consideration paid is more than net asset acquired. Hence there is a goodwill for A Ltd. Whether A Ltd. can claim depreciation on this goodwill amount for tax purpose.

dear sir ..
I will complete my 2 years of training on 1st november 2008. even then i'll not able to appear in nov.2008 attempt? will may 09 attempt falls under old sylabus , what if i cleared 1st group in that attempt and gets exemption in 1 subject of 2nd group?

Whether tax cess or fee as per 43B is required to be passed through P/L a/c for computation of disallowance?