Normally in tax audit of Medical shops it is not practical to give quantitaive detais.Further this facts was also mentioned in the Tax audit Report against point no 28a.of report.
What should be written in ITR-4 against column Quantitaive detais. Whether it is mandatory to give quantitaive detais of pricipal items so traded. whether the return filled will be correct or not, if no quatitaive detais of op stock , purchases , sales , cl stock mentioned in ITR-4

Dear Friends

Can anyone of you tell me whether a company has to disclose the excise duty paid and received, etc in the p/l a/c of the form if it is following exclusive method of accounting.

A company (A Ltd.) has acquired a business unit of another company (B Ltd.). Consideration paid is more than net asset acquired. Hence there is a goodwill for A Ltd. Whether A Ltd. can claim amortisation on this goodwill amount for tax purpose.

A company (A Ltd.) has acquired a business unit of another company (B Ltd.). Consideration paid is more than net asset acquired. Hence there is a goodwill for A Ltd. Whether A Ltd. can claim depreciation on this goodwill amount for tax purpose.

Whether tax cess or fee as per 43B is required to be passed through P/L a/c for computation of disallowance?

The assessee firm had received Rs.150000 as interest on bank deposit.Whether the same is to be allowed as deduction in computation of eligible remmuneration as per the income tax act.

In the A Y 05-06 the assessee did not deduct education cess but the TDS with SC was deducted. However in June 2005 deposited the shortfall with interest. Suppose the total amount of which TDS is deducted is Rs 10 lacs. TDS comes to Rs 20000 plus SC Rs 500 + 410 EC ( its is a case of TDS on contract to company). What will be the amount of disallowance ?. Is the entire amount will be disallowed due to small amount of Rs 410 not deducted and deposited within the Financial year or a proportinate amount should be disallowed ie. about 19617.

Can we take deduction of "withdrawl of revaluation reserve" from book profit to calculate tax as per MAT.I have heard that it is applicable from AY 2007-2008.IS it true? Please give me detail information on the above topic.

Can we show reimbursements like Conveyance expense, food expense etc as aprt of salary break up in offer letter and pay slip ??? Since normally in industry it is shown seperately as Flexible pay or under Entitlements head. And monthly the amount is shown on seperate reimbursement slip insetad of on pay slip. Please clarify the issue. Thanks in advance for your time.

Can co operative bank create reserve for NPA and reserve for over due interest against its net profit
Is it an allowable expenditure for calculation of Taxable income