Sir,
if a company is importing some items on which it has paid security for container in which it has packed its material, when material reached at indian port company has paid epenses to container corporation of india and returned back security money to the company company.
now question is what is the nature of expenses is it rent,packing charges or fraight.
and if it is rent do the company has to deduct TDS on that payment.

Can we create deferred tax on conversion of assets into stock in trade & at what rate ?like a infrastructure co. convert there land into SIT.

Is exemption under 80p is applicable to an Organisation registered under Tamilnadu societies registration act 1975 if yes then any reference about it

Please help me in finding Rates of Depreciation as per Income Tax and Companies Act.

a urban cooperative bank has invested funds as fixed deposit in other cooperative bank with a condition that after the maturity the interest will be added to the principal & reinvested .
what will be the treatment of accrual interest for the financial year 2006-07?
can this interest be claimed as deduction from the profit of the urban coperative bank as income derived by the coperative society from its investment in any other coperative society?

cooperative bank has invested funds as fixed deposits in other coperative banks with a condition that after the maturity the interest will be added to the principle & again be reinvested.
what is the treatment of accrual interest in the financial year 2006-07?
can it claim deduction for the interst received as income derived by a coperative society from its investment in any other coperative society?

Whether Managing Director of a Private limited company can withdraw and deposit cash through current account transactions

Is Depreciation allowed for a fixed asset which is purchased by paying Rs.25000 in cash

Dear Friends,

We would like to know whether any compliance have to comply under FEMA for the following facts:
1. A company registered in Canada wants to appoint a person in India for carrying out the Marketing activities.
2. The peson appointed in India will be on the rolls of the company registered in Canada.
3. Presently the Canadian company is executing the turnkey projects with the help of a company registered in India.

Please let us know if you require any other facts to provide the information to us.

Regards
Nagaraj MR

is service tax leviable on construction company for sale of flats