I am doing three different prop concern. I am filed my income tax retun in 2 months before for the asseement year 2009-10 with my my 2 prop concern income only. Because at the time return filing my 3rd concern accounts not finalised.But my bankers wants urgently i do that.Now i wants to file my revised return with my all 3 prop concern.my gross receipts not exceed rs.10 lacs.In this situation any problems created by the assessing officer at the time of assessment.Please advise me what i do?

Suppose x ltd is a builder. Now In 2007-08 x ltd sold a flat to Mr Y for Rs 15 lac. Mr Y had already cleared all the dues. In 2008-09 Mr Y returned the flat to x ltd at Rs 17 Lac. And that returned flat is unsold till the end of 2008-09. The cost of construction of the flat returned was Rs 10 lac. There are other flats also unsold at the end of the year 2008-09 and company policy is to value stock at an average price. In this situation average valuation of closing stock is correct or we should separately value the returned flat. Also how we will pass the entry of return in the books and valuation of the returned flat

What should be filled in the section "Current Year loss (if any)" in acknowledgement. Is it the Home Loan interest if the assesse has only Home Loan?
Or is it the Loss that has to be carried forward?

Please let me know what has to be filled here.

Thanks in Advance.
-- Surya

is playway school fees paid eligible for dedn as tuition fees u/s 80C?

A is Working in India with Company PQR Ltd. He is paid salary in India. He also works for a sister concern of the same company say PQR Inc which is located in UAE. The salary is paid in UAE currency and no tax is deducted from that salary.? Mr. A is travelling to UAE every month and his stay in UAE dutring the previous year is less than 182 days and his stay in India is more than 182 days.
Whether UAE salary is taxable in India?

dear all

my attempt for pcc is nov9. suppose while writing any section in the examination without subsection of clause is good or not.

what if if i write

section 10 exemts dividend income. instead of writing section 10(34).

please help me out.

Hi
I am student of 1 group of cwa so please reffer me a good book of Income tax and financial accounts which has all containt sof cwa. I am in confusion which book I should buy.

Monia

dear friends,

I disallowed donation,pooja,telephone exps (20%)& repairs & Maintenance of vehicle(20%)and other items for calcilating total income in Income tax. Is it necessary to take these item for FBT.

Hi, If a CA working in MNC IT company , can he hold part time COP. If yes what are the advantages he can get? And if holds part time COP for long time and starts practice later, Will he get any advantage?

Appreciate for the help.Thank you.

Sir,
Purchase order Date:05-05-2008
Invoice Date:20-05-2008
for accounting purpose in which date and at what rate i can book foreign expenditure.