Hello everyone,

i deposited challan 280 for advance payment of tax of my pvt ltd client.

amount was debited from the account of my client bank account of my client but later i got call from sbi that advance tax is to be paid online from copany's account. client was liable for audit u/s. 44AB in the previous 2012-13,

is it mandatory to pay tax from company's bank account only ?

respected sir,
partnershideed concluded on white paper is instrumental for the purpose of sec 40(B) of indian income tax or it is invalid for the purpose of sec 40(b) of it act please some one clarify.
thanking you

Sir Ill be obliged if one can inform me about where to obtain hard copy for CPT and CS(foundation+executive)

Because of some obligation Ill be able to register for both CA and CS next year only.

But I want to start right away.Kindly tell me if I can get hard copy of the study material I mentioned and where can I get it.
Thank You

Dear Sir,

We have purchased new machine on dtd 11-07-2013 to manufacture PVC Suction Hose Pipe in our new partnership firm.

What should be the rate of depreciation on this machine in financial year 2013-14 ?

If we do not calculate depreciation in financial year 2013-14 on new machine then what should be the machine value will be calculated for financial year 2014-15.

Please do needfull in this matter and help us.

CAn Any body tell me the reversal entry of wealth tax provision.
Lets Say on 31st March 2012 we have passed the Entry of Wealth Tax Provision:
Wealth Tax Dr. 786000
To Provision for Wealth Tax 786000
now on 26th Sep 2012 Wealth Tax paid is 8,00,000
Now what will be the entry for revising the provision of Wealth Tax??

My F.D. balance in SBI is standing at Rs. 95000 till date i.e. 08/04/2014 but I am expecting to deposit further amount of around Rs. 10000-25000 sooner or later.

Do I need to submit form 15g this month to avoid tds? [I am not a taxpayer]

Can you please please please show or post a sample of filled form 15g.

Pvt ltd company, can give to uniform allowance to employee if the company not having any specific uniform only casual dress allow in working time? If yes, please give me limit.

An employee of Pvt. Ltd. company wants a educational for their son's education of Rs. 20 lakhs.
What will be tax implication.

Our Company is engaging temporary labor on daily wages basis for site work.These labors are generally work one to six months at site.

Till date we are deducting PF from their wages but we are considering not to deduct PF from their wages but to pay more wages as this is beneficial for them and our company also.

Can we do so? Kindly reply me.

The subscribed share capital of s ltd. is rs. 80,00,000 of rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares. The calls in arrear amounted to rs. 62,500. The final call on share will be :
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain