I know that Income tax Act 44AB governs Tax audit. Then what is Statutory audit? If they are different Can a tax auditor be a Statutoty auditor of the same company?

It will be onland drilling Rig,Mounted on carrier/chassis with Tyre.This will work together with few items like Drill pipes,Mudpump,Motors,weldingmachine,Tanks,Safetyequipment,Generators,Containers.they can be singly identified items as well package of one.The working of that machine is drilling and workover rig in oil and exploration field.
As per sec E12(B) in ready Reckoner,it has been written that plant used in field operation (below ground),but not including kerbside pumps including underground tanks and fittings used in field operation by Mineral oil Concerns.

We are contractor of oil and exploration company for drilling rig and workover rig given on hire on contract basis .
so i want to know wat wii be depreciation rate as per IT act and as per Company Act in case of a contractor for providing services to oil and exploration co.

What is SAR's stock appreciation rights, and whether it attracts FBT or not?

Dear Sir,
We are paying the Canteen owner Rs. 50,000/- every month for providing our Institute employees tea and snacks. The amount paid is from 3 different Accounts (3 different Institutes of one campus). Kindly tell us whether we should deduct TDS while making payment to him?
Institute has given canteen to him on rental basis.

please advice me who is the best book of income tax Act for CA in practice (excluding ready recknor).

A composite contract has been issued to party consisting Design, Supply & Supervision of erection of equipments. Cost component has been separately mentioned in the BOQ for Designing and Supply of equipments.

Whether TDS will be applicable on designing cost only or on total work order value?

1.What are the steps to calculate Advance tax ?

2.What are the steps to calculate Advance FBT ?

3.What if No advance payment made for certain quarters ?

If a resident and ordinarily resident person earns some income in foreign currency, what is the rate of exchange at which it shiuld be taken as income for tax purpose? Will the same rate apply for relief for the taxes paid outside India?

Whether an Assessee can withdraw appeal made by him to CIT(Appeal), against assessment order

Please tell me whether the TDS is required to be deducted under the provisions of income tax from the payments for vehilces reparing charges .Service Charges for reparing exceeds Rs 50,000/- p.a