I have seen lot of members are using this site as orkut rather than asking genuine questions.
Is it right for the professionals like CA.
PLEASE EXPRESS YOUR VIEW ON THIS.
SIR/MADAM
I WANT TO UPLOAD ETDS FOR THE 1ST QUT.2009
THANKING YOU
SAMPAD MOHANTY
Sir,
We are well aware of the amendment in the recent budget regarding gift in kind which says difference between the FMV and consideration paid is Deemed income (Gift). We are also well aware of the fact that sec 50C says that where the consideration received on sale of land or buliding is less than the FMV (Stamp Value) then the capital gain is worked on Stamp Value eventhough actual consideration is less. Does this not amount to double taxing on the same income? Is this worthwhile?
The company carries on the business of financial services.It has brought forward losses.But is making profit from past 2 years and paying tax under Provisions of 115JB.The company did not have any fixed asset, acquired fixed asset in middle of last financial year.But no provision for DTA or DTL was made last year.
My query is:
1) how should the deferred tax be treated this year?
2)What is the effect of brought forward losses on DTA or DTL?
3)Should the DTA or DTL added or reduced from brought forward losses?
4)The company has a brought forward loss of 10Lacs still ,based on the concept of prudence since the company is making profit from 3 years we can expect it to make profit in the next year also.As the company is paying taxes under MAT provisions on Book profit,can the company set off the MAT credit against the regular tax payable if the company makes huge profits next year?How can this be done?
5)Does MAT provisions have any bearing on Deferred tax? If yes how should the deferred tax be treated?
6)If the Company is not carrying financial services will the answers for above questions be different? What will be the answers?
[..Sir i understand there are too many questions but i really need answers for all of them as i have to complete the finalization.I hope i can get answers for these questions.]
We have got this scenario here. We have formed a LLP (Limited Liability Partnership)with 2 partners who are not qualified chartered accountants. Obviously, LLP is not approved by ICAI as well.
Can this LLP appoint a qualified chartered accountant with public practice certificate on an agreement in salary basis to provide accountancy services which includes audit to the LLP clients? The individual person operates as a sole practioner .
Please advise.
regards,
R.Iyer
Sir
As per the new IPCC scheeme one con opt for B.Com regular 1st year and after that corresponding so plz let me now what should me opt for the first year B.Com regular Or Corresponding which is best?
I used to not deduct my tds on frieght.
but pay tds and deduct it after march.
but this year insted of paying tds before 31 march 2009,I paid my tds to income tax on date 2 april 2009.
financial year 2008-2009
Will there be any disallowance of expense,
expense is for the financial year 2008-2009
sir,
I have started my articles on 16 June 2008. My 15 months gets completed on 15th september 2009. I want to know can I appear in PCC examination in November 2009.
what is the duties of a probationery officer in banking sector
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
stock transfer