how to compute deferred tax liability. when it arises.

My client is a builder and during the year he has commenced his buisness.He has commenced construction of a commercial building for which he has received an advance amounting to Rs 75 lakhs from several customers towards advance booking. He hasnt completed construction by March 2009 or neither he has raised any invoice on his customers for the work completed till date. Will he be required to get his accounts audited u/s 44AB as his total advances have exceeded 40 laks?

How partner in his individual return shows the income received from firm as

Salary and

share of profit from firm

whether it is to be taken as salary or business profession?
Thanks

one of our client has following income.
income from salary 124711/-
salary from partnership firm 24000/-
lic commission income 97573/-
share of profit from firm 30030/-


My question is whether he is required to maintain books of account compulsory or not?

hi
frinds

i m a CA FINAL student
i want to make the partnership firm
so can any one tell me how i have to proceed for this
in detail ( as early as possible )
thanks

bye
have a good day

My query is-
1.In which currency the (INR or USD)export obligation is required to be completed.In EPCG licence epxort obligation in both the currency is mentioned but due to fluctuation in excahnge rate obligation in one currency is completed while in other it remains short hence which currency should be considred for redemption of export obligation.

2. Our commpany have taken around 100 licences during the period 2003-04 to 06-7 then what will be averege export obligation will be computed and monitiored.

We want to send goods to a show room(owned by another company). the goods will be sold at store during the sale period.The showroom owner will pay us on the bs.asis of goods sold from his counter.
Balance unsold stock will be returned to us.

What is the correct procedure /forms for sending the goods & payment of taxes under Delhi Vat.

Regards

ihave bought share of 80 lacs rs and sold the same on various dates and earned 3 lac rs.should i have to audit my account?

We are one of the HR Service Provider in South India. We have got a Dealership with one company to distribute their electronic products. They requires TIN to complete the agreement. Can you pls guide me to get PIN. Where we need to apply. How much cost?. Do we need to aproach a CA. How many days , it may take to get TIN.

Thanking you
Anil

i sold goods in last year,now books has been closed.If goods is returned in current year.then what should be the accounting entry.