Partnership firm running restaurant, purchase hotel premises and done satakhat/unregistered deed as on 05.08.2008 and taken possession of premises from Mr. 'B'. Money given for the premises shown in balance sheet(Unaudited) as under fixed asset head say Rs. 2600000/-.

In the audited balance sheet same amount shown under loans and advances head because registered deed not made up to 31.03.2009(FY 2008-09).

Further, during the FY 2008-09 under survey of premises firm disclosed Rs. 5000000/- as undisclosed income of FY 2008-09 given to Mr. 'B'for the purpose of Renovation of hotel Premises, Furniture etc.

In FY 2008-09 assessee claim depreciation on Rs. 5000000/- for half Year Rs. 250000/-. And no depreciation claim on Rs. 2600000/- as for the purpose of want to claim long term capital gain in future.

And in assessment proceeding depreciation is disallowed on the ground of no explanation given for showing Rs. 2600000/- under loan and advance head under audited balance sheet.

Now my question is whether any difference as advance given shown in loans and advances (as registered deed not ready up to 31.03.2009) or fixed assets on which no intention to claim depreciation.

Kindly give any accounting guidelines for the same.

i AM WORKING AS ACCOUNTANT & I DONE M.COM & i HAVE SMALL CHILD, CAN I GO FOR ICWA

sir/mam,
i am joining my articleship before 30 april 2013 so that my final attempt will be in nov. 2015 and i had not submitted my articleship registration fee i.e rs 2000/- , can i submit it after joining articleship and i also have to register for final before 30 april 2013 for nov. 2015 exam or i can register afterward also and last date to register in final for appearing in nov. 2015 exam ???

i had transfer my articleship, but my articleship registration status show the complete tenure(period) i.e. of 3 years in my previous employer. is this normal?

can i do ca along with bcom9hons)??

Dear Sir

I have filed service tax return Oct-11 to Mar-12 using online option where the option of save is not there. Only the option to submit was available there.

Now the department notice us that your return was not submitted only save. whereas we have filed the return and submitted the hard copy of return to department also.

The department is saying that penalty will be there as you have not filed the return.

Please Guide.
Thanks in advance

Regards
Raman Dhiman
8679178449

X has purchased a plot of land and has taken housing loan for acquisition of the same. He constructs a house upon it which is very small in comparison to the plot of land.
Can X now claim deduction u/s. 24(b) in respect of housing loan taken for purchase of the plot land.
Is there any yardstick upon the size of house to be constructed?

Can a member be an Tax Auditor of a company being a Sole Proprietor and also be a Internal Auditor of the same company as a Partner of the Firm doing Internal Audit.

Like: A is a sole proprietor and a partner in Firm ABC too. He is doing Tax audit of XYZ Company. The XYZ company's internal audit is done by Firm ABC.

Is that Legal as per ICAI rules?

Dear Sir,
can anyone suggest me,
if uneducated person he/she want to make his/her pan card..

Then we can proceeds for New pan application 49/A for his/her .

and how many days will be completed for new pan card at our door step..

as early as possible..
Must suggest me sir please..
your positive response will be appreciated.
Thanks & Regards.

Mr. A has income for A.Y 2011-12 as under
Income u/s 44AD 135499
Remuneration from firm 78537
Int. from firm 30536
Interest income 157638
Agriculture income 401193
Deduction u/s 80C 100000
80D 7500

Total tax rs. 29340 paid with int. u/s 234A as on 30/03/2012. Whether Interest U/s 234B & 234C applicable?