hi dere
i hav passed my PE-II this may in my first attempt.i live in lucknow,UP. i dont know is it good option to do articleship in delhi or elsewhere in big firm or go for firm in lucknow itself,which is the best firm here. please guide me as soon as possible

Public Charitable instt, running educational instt, Donation received with specific direction towards Corpus Fund of trust, can such fund be used for revenue exp such as salary, conveyance, printing, repair & maintenace, etc.,

Sir,
whether ST is applicable to a Contractor who enter into contract with the builder to complete the construction work of the building e.g.Tiling work, by supply of skilled labour only. Here the contract receipts are exceeding 8Lac.

Thanks V much

Sir,
Do sec 44AD of IT Act is applicable to a Builder who buys plots of land & deploys his own resources (without subcontracting) to construct the buildings & sell it?


Thanks

IN FINANCE ACT 2007, THERE IS CHANGE IN VALUE OF RENT FREE ACCOMODATION WITH RESTROPECTIVE EFFECT FROM ASSESSMENT YEAR 2006-07.. BUT RULE 3(1) IS NOT AMENDED. I HAVE TO FILE RETURN FOR THE ASSESSMENT YEAR 2007-08 HOW I VALUE MY PERKS. WHETHER I WILL TAKE RATE 20% , 15% OR 10% & 7.5%. IF I HAVE TO TAKE 10% OR 7.5% , THEN CAN I REVISED MY RETURN OF ASSESSMENT YEAR 2006-07.

please can u guide me about the format of the statutory report to be filed by auditor as per section 165 of companies act.
kindly forward me a copy of the format at the earliest please

The firm is arranging finance on behalf of finance company and getting commission from the finance company for the services rendered. The total commission received during the year is 17 lacs. whether tax audit is applicable for the firm? if so is there any circular/notification from the Income Tax Department

Hi Friends,

An assessee has purchased a commercial property and let it out for commercial purpose.

Whether the rental income should be shown as income from house property or as income from the business? The assessee is having other business also.

What i understood is that the department is always insist for house property income rather than business income.

What difference it makes if the assessee let out its property along with furniture

Pl. Let me know your views.

Whether Debit balance in Profit and Loss account is reqiured to be set off against General reserves or it can be seprately shown in Assets side under miscellaous Exp.
As its effect in computing Net Worth would be different .

can a company issue shares below its face value?
if co. can issue than what is the procedure to issue share on discounted rate?