A interest free loan of Rs 50,000/= from my brother was being reflected in my BS since last 4 years.
Can I convert the loan in to Gift or
I shall return the loan by cheque and take a another cheque from my brother for making the same as Gift.
Which is the correct option ?
i had purchased IPCC audit reference book of padhuka but all are telling me that surbhi bansal audit book is the best now what should i do?????
Dear Sir
I received a property as a gift from brother(which was received by my brother after death of my father thru R Deed).
Now i want to sell this property, pls suggest me on implication of income Tax.
If income tax applicable how it will be calculated.
Pls share your inputs on the same.
Regards
Rahul Gupta
9910260689
sir I am in construction business. I developed ancesteral land and construct residential complex. and sold some flats. in that case how to calculate advance tax? May I have to consider both aspects like land cost and business profit on flat sale for advance tax working. plz guide me.
I want to confirm whether my exam form has reached its destination or not...how can it be done...
For the Audit finalization of F.y 2013-14, Please clarify whether Depreciation rates for Pvt.Ltd company as per Companies Act 1956 is to be adopted or Companies Act 2013. Depreciation rates as per Companies 2013 is effective from 01/04/2014. therefore for F.Y 2013-14, Depreciation is to be provided at rates prescribed in Companies Act 1956. please confirm my assumption is correct or not.
please briefly explain interest under 234 C.
first bill of contractor is more than 30000/-but there after we have to received bill from contractor but total value not crossed more than 75000/- then in this situation we have to deduct tds on latter bill or not.
Hi..
I am facing below mentioned problems regarding depreciation..
1. 2 yrs back vehicle sold by Company but still providing depreciation. how to rectify this entry?
2. Depreciation: C/f balance showing negative balance.we are following straight line method. i-e for eg.: 20000/- asset value and 20% rate of dep. per yr i-e 4000/-(asset life time is 5 yrs) dep. for 5 yrs is 20000/-. So the balance should be zero.. If any addl. asset only that amt will be carried frwrd.
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