The assessee has sold a motor car on 31.03.08. Can depreciation be claimed on the car sold. There are other assets in the block. Is it necessary to show the profit or loss on sale of motor car in P/L account because any way it will not be considered for tax purposes.

please provide me the Full Text of the circular MICRO,SMALL ANDMEDIUM ENTERPRISES DEVELOPMENT ACT 2006.
THANKS
CA SK

Please anyone let me know the meaning of the following:


GOING SHORT


GOING LONG


FRONTLINE STOCKS


MARKET IS OVERSOLD


Thanks

a proprietory firm is converted into a private limited company and all the assets were transferred to the company at the book value. will it be considered as transfer for the purpose of capital gains?

During the previous year relevant to assessment year 2008-09, the trust has surplus income after claiming all the amount spent on the objects of the trust and for the purpose of trust after availing the 15 % deduction.

But in the earlier years, the trust had over spent the amount than the income.This had resulted into a negative income. The returns were filed in time for all the earlier years but without claiming the carried forward over spent amount as carried loss to be adjusted aginst the future income.

Can Trust set off earlier years overspent amount as loss from the current year surplus?

Is there any case law to support this?

Thanks

if any one have passed pe2 in nov 2007 he can appear in final in may 2008(see latest update on ICAI website. provided he started his articleship in april 2008 or before.practicaly students star in february

Whether a Karta can in his right keep the money of his HUF in a SB account in his name as a custodian of the family's fund? (Kindly qoate the case law)


CA Sameer Singh
SAMEER SINGH & ASSOCIATES
CHARTERED ACCOUNTANTS
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PHONE 07752-230024

Dear CA club Experts

Please let me know the Checklist,Documents and process to increase the share capital of Pvt. Ltd. Company. we have a Client with the share capital of 500000 and wants to increase it to 1000000.Please let me know in detail.

Thanks & regards

Deepika Tyagi

PRIME CFO management Pvt. Ltd.

1. Can a CA in India act as a director of the company. If So, What is the limit?
2. Can a practising CA in India act as a director of the company? If So, What is the limit?

Hi
I am considering 2 opportunities for developing my stock trading.
1. starting a firm
2. starting a company
I would like to know about the consequences of Incometax for both the situation.
In general for an average holding of Rs.5 lac, which one of the above option is better.
And one more question In Incomtax, how deparment will measure a firm or companies trading? on turnover ?
Its difficult right?