Hi
If a person has brought a machinery in FY 12-13, the same was put to use in same year. In FY 13-14, he incurred a forex loss while making the payment. He have to capitalise that expenditure. Now my query is, if the machinery was eligible for additional depreciation in FY 12-13, then can Forex loss capitalised be eligible for additional deduction in FY 13-14?

in merger method y the diff b/w purchase consideratn & share cap is absorbed by reserves of seller co.

There is a private ltd co. which has 3 directors.
One of the director is about to resign.
My questions are:

1. Will the resigning director be given notice to attend meeting?

2. Will he be counted to form a part of the quorum?

3. What will be the language of the Item: "Leave of Absence" in the board minutes.

Thanks

If a company has received application money before applicability of section 56(2)(viib) i.e. before 1st April, 2013 but allotment has been made after 1st April, 2013. Then also the difference between the amount of FMV and the price on which the shares has been alloted i.e. premium amount is taxable or not?

There was a decision in case reported in CTR/TTJ in November / December, 2013. In an assessment, the Assessing Officer call for confirmation of Transaction from suppliers of an assessee. There were differences between the transactions found in the accounts of suppliers in the books of the assessee and assessee’s accounts in the books of supplier’s. The Assessing Officer added the difference in account balances in the assessment of the assessee. It was held in the appeal that for the additions only the difference in the current year transactions are to be taken not the difference in balances -please tell exact valume number

Why is goodwill not considered as a capital asset or rather an intangible asset eligible for depreciation u/s 32 @ 25 % ?

Dear sir/madam
If a NRI agency provding consultancy service in india by sending its employees to clients site and the stay period in india will be 18 months from and employees will stay at the client office for proving the same. The NRI dont have any office in india. Now my Quarry is whether it shall be considered as fixed establishment for the purpose of place of provision rule 2012 or it shall b covered under reverse charge . Service is consultancy service.

can any one plz tell me the charges for registration of a website making firm.is it register as a private ltd or any thing? In future there is any benefits or loss after registraion ? i mean register karwana chahiye ya nhi ?

Hi Team,
First of all thanks for providing this online platform to resolve queries of members.

My query is that I filed my ITR in June-13 and on same day I again filed my revised return as I forgot to mention my home loan in first ITR filing. Then I sent both ITR-V receipts to B'lore CPC office. Now since then for both ITR-V receipts status is ' ITR-V Received' for last 10 months and its not processed. Though there is income tax refund but since its small amount so I can leave it and want that my ITR should be processed because of after years they came up with some error it will require lot of follow-ups.
I have also notified my assessment officer but still its not processed.
could you please let me know what I can do in this situation.

Regards
Mukesh

Indian company has to make payment of $2623 = Approx Rs. 150000 of professional fees to a lawyer LLC in USA for consultancy on legal matter. What is the TDS to be deucted, if any. If not the pls specify why with sections or DTAA article No.