I have difficulty in answering auditing paper especially the first 2 questions on accounting standards.Kan nebody guide me.Im a ca final student.

An assesse have a son, who is suffered with Cancer and he incurred a sum of Rs.1,50,000 for treatment purpose and receives a donation of Rs.50,000 from doners,not reletives,
What is the treatment for this Rs.50000 and Rs.100000?
Please clarify

Can anyone guide me on the following?

A company has acquired leasehold land for a substantial value compared to its turnover ( nearly 10%.) The same is shown in Sundry Creditors.
I want to know about the possible voilations in presentation of financial statements and computation of Working capital Gap? To me this appears as utilisation of short term funds for long term investment. Please clarify.
At present, I am not able to know the source of finance for this acquisition.
Thanks in advance.

hi
i m candidate of pe II. my. reg. is expired on nov 2007. but i want to appear in may 2008 exam.

PLS SIR TELL ME A GOOD BOOK FOR FOREIGN EXCHAGE MANAGEMENT ACT , US GAAP,DELHI VAT

there are conflictingopinions about applicabilty of service tax to j& k state and the conditionalities for availing the same

Can a practicing chartered accountant become a certified distributor for mutul funds. Whether code of conduct of ICAI allows it or not OR whether any permission should be obtained from ICAI for becoming a mutul fund distributor.

HAVE THERE BEEN ANY RECENT UPDATES IN THE SEBI GUIDELINES AS WELL AS IN THE FEMA ACT.AMENDMENTS UPTO WHICH DATES WOULD BE REQUIRED FOR MAY 2008 FINAL EXMAS ... PLEASE HELP

HI,

I am PE 2 Student , My Eligibility Status for the PE 2 Exams has got expired by Novemeber'2007.

Kindly give me any alternate solution for attempting May'2008 PE 2 Examination and have to attempt both the Groups.

Kindly do the Needful

with regards

G SIVA PRASAD

Kindly Contact Me via Email : siva_11inin@yahoo.co.in

Mobile : +91-9790934699 (Chennai)

Dear Sir,
Medical payment to approved hospital(for specified dieses) is exempt from tax. And for other medical reimbursement is taxable if it exceeds Rs. 15000/- in the hand of employees. As per CBDT circular it seems that when medical reimbursement to emploees exceeds Rs 15000/- than no FBT to Employer and if it is within 15000/- then only FBT is payable that means if Reimbursement is Rs 15100/- then no FBT on employer and for employee only Rs 100/- is taxable. Wheather my interpretation is Right or not. Please clarify.
Regards
CA. Sandeep Aggarwal