The closing Stock as on 31.03.08 was ascertained as physically counted. Thereafter sale retrun is received after 31.03.08 pertaining to sales made in the year 07-08.

An accountant adjusted the Sales Return against the Opening Stock of 1.04.08 however I am of the view that the Sales return should be adjusted against Closing STock Figure as on 31.03.08.

Pls. advie the correct treatment for Sales Return.

Sir,

Pls tell me are individuals/propreitor firms liable to deduct Tds.

Sir,

Pls tell me are individuals/propreitor firms liable to deduct Tds.

Hi,
Please let me know that the Business Tour & Travel Expenses of a Non-executive Director in a public limited company when reimbursed by the Company, is allowed or not in IT. Further, if allowed what documents are required to be produced to evidence such tour.

Which heads can taken for FBT. What its rate and its a/c entries.

Dear Sir / Madam

Our company has a plot of land on the name of self from 1947 and it is running from last few years in loss. Now Board of directors decided to sell out that plot to clear the liability on the name of company.
can the liability be cleared by that.

plz clear it

santosh

Sir,

I have gone through a file in ''File Share'' in the name ''Depriciation '' for calculation of depriciation as per income tax.

This excel file is Mr. Amit Sharma.

Pls tell me should not there be ''Before September'' in place of ''After September'' and vice versa.

Pls guide me.

if an assessee purchased plot in (2001) and constructed residential house in (2007). Both plot and residential house are treated as separate assets or one assets for capital gain purpose.
Pls. specify.
if treated as one assets, whether indexation benefits available on improvement/ construction which were done in the year of 2006 & 2007

I (X Ltd.) have received an Invoice from an "interior decorator" which includes "vat" on full amount and he has not charged any service tax on it as his turnover is less than Rs.10 Lacs.
It has charged at an excess rate and hence I need to debit Rs. 5000 to him.

Now my query is that -

I) whether I should deduct TDS ?

II) If yes, under section 194C or U/S 194J as Interior Decorator is a professional.

III) Further, on GRoss Invoice amount or on the amount arrived after adjusting Debit Note.( Invoice and Dr. Note accounted on same date, say 20.03.09)?

IV)Suppose Invoice dated 15.03.09 is booked on 20.03.09 but debit note of Rs. 5000 is raised on 03.04.09

Remember TDS is to be deducted at the time of payment or credit, whichever is earlier.

Please give an elaborate answer.
I shall be very thankful.

Hello,

I did not find books and notes for CA Final II group New Syllabus in Delhi.

can you please tell me these have been publised or not. how i will prepare for june 09 exams. i have not any book except income tax (Singania)

Regards
Bhagwat
bhaagwat@gmail.com