Balance sheet of f.y.10-11 of a private company has already submitted with ROC howver income tax return has not submitted with income tax deptt. After aproval of balance sheet from shareholders In AGM and its submission to ROC, it comes to the notice that rate of depreciation on some fixed assets has been taken less. Rate should had been taken at 40% instead of 20%. The impact of revision of rate in depreciation would be substantial on book profit and MAT tax also be reduced substantialy. However there are following questions need to be answered:
a) Whether company is entitled now to do so
b) If company decided to revise the depreciation rate, whould be impact by provision of income tax because it may be considered as afterthought in income tax since it will reduce the tax liability as per MAT of the company.

Please suggest us the right approach to this situation as per income tax provision and company act provisions.

I started my articleship on August 2010 through IPCC route. Based on that my C.A-Final exam is due on May 2013 but I just want to confirm that for calculation of 2.5 years of completion of articleship as on 1st May 2013 whether the leave taken upto that date will be considered or not.

Thanks in anticipation.

i want ur advice please.i have written ca final in nov 2012.can i go to accounts job in BPOs upto declaration of result???is it advisable?or i should go to auditors office???please reply!!!!!!!!!!

heelo
how to clear cpt in first attempt ?????????

I am Graduate passed with 76%. I gave this Nov 2012, IPC Examination but can I opt for conversion and start my articles now? and if I can convert and if I pass in both groups or group 2 will this result be counted??

Can anyone help me to know whether Notifications upto march 2012 is applicable in Indirect tax for Intermediate and Final Exam of ICWA for December, 2012 exam?

Plz specify upto which month notifications are to be covered for this december, 2012 exam..

Hello everyone,

I will complete my 2 years of articleship in may 2013. I want to do Industrial Training. Please advice me how i can get it?

Hai Experts,

Is there any changes in Income tax exemption limit for the Fy 2012-13.

Please asap.

Thanks in advance

Hi frndz,
i cleared my ipcc both groups in may-2011 (Articles started from 8th Aug-11), ll u plz help me out in finding my CA-Final attempt falls due.
is it: May-2014 or Nov-2013

plsssssssss

I am in CA Final and my Articleship in Ahmedabad with a CA Partnership firm. But now my Sir is resigning from the firm and creating a new partnership firm with other partners.
So i want to new whether i have to take transfer from existing firm or the same will be valid.??

Waiting for an early reply
Thanking you,