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Anonymous
21 June 2013 at 16:22

Tax audit

Dear sir

plz tell for what kind of business & turnover for which tax audit is required.is there is necessary to maintain books of account for tax audit ?

plz give me answer.

regards


Sajeer K
21 June 2013 at 16:20

As 9

Dear sirs,

Query related to disclosures of Excise duty collected on sales:-

The company has tow operations.
1- Manufacturing products by imported raw materials.
2- Sales of imported raw materials.

on case 2, the comapany has collecting Modvat from the customers( Proportionate of Import duties paid by the company)
How to disclose this Modvat collected?
Is it to be disclosed by adding sales a/c alike cenvat?


CA Sanjay Baheti
21 June 2013 at 16:17

Accounting treatment in books

Our Corporate client have purchased one mfg unit on slump sale basis. sales consideration is Rs.15 crore.For transfer of unit in favor of our client, it has paid Rs. 75 Lakh towards stamp duty Charges.

Also my client has taken term loan of Rs. 10 crore from Bank , hence the company has paid the processing fees, consultant fees etc.

Now my query is that what is treatment of stamp duty charges and processing charges & Consultant fees etc in their books of account after keeping in mind AS-10 & 26.


Sunil Gidwani
21 June 2013 at 16:15

Final exam dues

I HAVE COMPLETED MY ARTTICLESHIP AND I GET CONVERSION FROM PCC COURSE TO IPCC COURSE AND HAVE GIVEN THE EXAM OFF IPCC IN MAY 2013 CAN I GIVE THE FINAL EXAM IN NOVEMBER 2013??

PLEASE REPLY SOON...
THANKS...



Anonymous
21 June 2013 at 15:55

Fema

WHAT IS THE LAW ON RESIDENT CO. MAKING PAYMENT TO ANOTHER RESIDENT CO ON BEHALF OF A FOREIGN CO.



Anonymous
21 June 2013 at 15:40

Capital gian

if my client purchase a flat 5,00,000 in installment of rs.12500 Quarterly and after 3 year he sold that flat at rs.10,00,000.
what is the index rate and what is purchase amount he clam for deduction.
and what type of gain is this long term or short term.
please reply me


ANIL BANSAL
21 June 2013 at 15:34

Carry forward losses

AN ASSESSEE HAVE CARRY FORWARD LOSSED AND DO NOT CLAIM IN NEXT YEAR BECAUSE ALSO LOSS IN NEXT YEAR BU IN SUBSEQUENT YEAR ASSESSEE HAS PROFIT AND ADJUSTED LOSSES BU ASSESSING OFFICER DENIED CLAIM OF CARRY FORWARD LOSSES AS THE ASSESSE NOT SHOWN IN PREVIOUS YEAR ITR. PL CLARIFY WITH SOME CASE LAWS.



Anonymous
21 June 2013 at 15:30

Companies return

hello..
how can i know the status of last return filed for my companies on MCA sites.

i don't remember the actual period for which i have filed the return so i want to know the last period for which i filed the return.


DHARA SHAH
21 June 2013 at 15:27

Lic commission as business income

I HAVE LIC BUSINESS AND MY TOTAL COMMISSION OF THE YEAR IS RS. 1,20,000/-
NOW WHEN I SAW COMMISSION INCOME IN BUSINESS & PROFESSION HEAD, THEN IT DOESN'T ACCEPT IT AS MY TOTAL COMMISSION EXCEEDS RS. 60,000/-
SO HOW CAN I SAW MY BUSINESS INCOME??
CAN I FILLED RETURN BY SHOWING LIC COMMISSION AS MY OTHER INCOME?


Mahadeo Gawas
21 June 2013 at 15:24

Rule 6d, section 40a

Sir, We want to Make Cash Payment of Rs. 1,50,000/- to Empoyees on behalf of Contrator and the Bill will be raised in the Name of Contractor. Does such transaction allowed as per rule 6D, section 40A






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