In retail shop, purchases not shown in their books of a/c. But they did a sales. Not done a proper entries against the purchases for the year of 11-12. The monthly sales return, annual return has been submitted.The b/s sheet showing extreme profit.
The accountant ignorance the purchases entries not done properly.
Is there any other way to reduce the profit.
We can increase the expenses to the some extend.

Apart from that anything else. Pls advice

Whether share received from sale of property of deceased father by married daughter attract capital gain ?

Or will it be exempted as gift received.

Say, the share was above Rs. 25 lakhs

SIR,

PLEASE ANYBODY TELL ME HOW TO CALCULATE VALUE ADDITION AS PER EXCISE. (I.E. I WANT TO DETERMINE WHETHER I HAVE PAID DUTY ON THE VALUE ADDITIONS PLEASE ADVISE.

SIR
IN A PARTNERSHIP OF FOUR ALL PARTNERS RETIRED ON 31.3.2011 EXCEPT ONE. ON 1.4.2011 THE REMAINING ONE ADMITTED ONE PARTNER AND CONTINUED THE PARTNERSHIP UNDER ANOTHER DEED. MY QUESTION IS WHETHER THE PAN OF THE PREVIOUS FIRM WORKS FOR THIS NEW FIRM FOR FILING I.T.RETURNS OR SHOULD THE FIRM APPLY FOR A NEW PAN. PL CLARIFY.

Hi
I am currently in 2nd year of my articleship and i wish to do the industrial training in my last year.
I dont know the process to apply for industrial training..I will complete my 2nd year in August 2013.What could be the apt date for me to join industrial training?
How should I approach for industrial trainig?
Please help!

if an employee receive daily allowance on foreign tour will he get exemption for the same ? and if not in which section it is forbidden

Hi sir,
I have registered for IPCC and articles under direct entry scheme on 27th january 2013 in order to write exams in nov 2013 attempt.i have not completed my ITT and orientation programme but i have started articleship training.i got my registration letter and i will start my ITT and orientation course in a month.can i know whether iam eligible for the nov 2013 attempt?

I bought flat in year 2010 dtd (05.11.10) for Rs 15,00,000/- now in year 2012 dtd (01.05.12) I sold it for Rs 20,00,000/- & on a same day I buy new flat for Rs 25,00,000/- now my query is that how this all accounting entries how it will effect to my Balance sheet???

PLEASE GUIDE ME TO MAINTAIN REGISTERS FOR JOBWORK AS ANNEXURE IV AND ANNEXURE V.

PLEASE PROVIDE FORMAT FOR THE SAME.

A company has given Corporate Guarantee to another co and has passed SR in GM as per Section 372A. Now the co wants to renew the CG in the next year. So does the co need to call a GM again and pass the necessary resolution?