ram has gifted his car to his wife. she has earned income of rs 30000 from hiring the same in p.y. will that income will br clubbed in RAM's income?

i am going to tuition, is it necessary to refer any other book also if yes suggest the book

Dear All

During the F.Y The Assessee has accepted Unsecured Loans from Friends and are shown as Unsecured Loans in the Balance Sheet. These loans are excepted without any interest and Learned AO has added these loans as income from other sources by invocking the provisions of section 56(2)(v) and impose penality for furnishing inaccurate particulars of income. The Statement of Unsecured lender was also recorded and they have confirmed that we have given unsecured loans without interest and received back next year and this fact has also mentioned is assesment order.
Please give your openion along with case laws if any

Sandeep (CA)

Dear Experts,

Under forward contract how many types of losses or gain covered.I mean to say for business purpose or speculation purpose.

Whether gain or loss on forward contract covered under section 72(i.e.business loss) or covered under section 73(i.e.speculation loss)

Pls.clarify the doubts.


Regards,
Prakash Jasani

Kindly send me the list of holidays for 2009... urgent...

Dear sirs,
I'm very much thank you for information given to me. One more doubt,kindly make me know the address to whom I shall contact to switch over to PCC from old Intermediate Course.

what is system in addition to norms specified in meficai.org by RBI and system of allotment of audit by the Bank
whether they get full details of number of partner and audit staff. what are other things to be considered in details for the purpose of uprating the firm

Is there any format specified in the Accuning Standard for calculation of defered tax?

Whether service tax collected forms part of turnover for the purpose of the limit of turnover U/S 44 AB of the income-tax Act, 1961.

Whether service tax collected forms part of turnover for the purpose of the limit of turnover U/S 44 AB of the income-tax Act, 1961.