Fixed assets(Machinary)imported in 11-12, which is booked at bill amount, there after in 12-13 currency rate increase and paid excess amount to party, what is the treatment of exchang loss ?? whether debit to profit & loss account or capitalised to the machinary account ???

Respected Sir,
One of my client purchased a shop at Virar, the amount is paid through account payee cheques and agreement is made just on Rs.100/- stamp paper, but the registration and stamp duty cannot be done as according to me the amount has been paid just for the construction of structure and not for the land as in the future may be the person whose name is registered with the land can demolished the property and our investment value become zero. Kindly advice me about the treatment i can do and under which head of balance sheet should i can take.

Thanking You

Experts,
I filed service tax return but it was rejected showing following error. We are service provider below services.

Return has been rejected for the following errors:

Advlorem Tax Rate 7.2 entered in provider section in payable sheet for the service "Accommodation in hotels, inn, guest house, club or camp site etc. Service" is not valid

Please reply urgent

Safar P Ltd engaged in Transportation activity is having 5 Trucks (Fixed Assets) in its own name. The trucks were purchased for Rs 125.00 Lakhs on 25/03/2012. While preparation of Financial Statements for FY 2011-12, depreciation was charged @ 16.21% for 6 days. So an amount of Rs 66540.00 (Rs 33308*5 trucks) was charged to Profit and Loss A/c. now, my question is how to charge the depreciation during 2nd year.
Should it be on Rs 125.00 Lakhs or on Rs 123.33460 Lakhs (12500000.00 - 66540.00) it means Rs 2026250.00 or Rs 2015464.00 which figure is correct.
Kindly explain the benefit of SLM and WDV rate as per Companies Act
What is NESD as per Depreciation Chart of Companies Act

Dear Sir,

I made a payment of a Hotel :-
Rs. 953000
How many TDS deducted in case of hotel Bill.

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I am a salaried individual and paying Rs.3,60,000 p.a. to my father as rent for the residential flat in which i reside. My father is a senior citizen and self employed but his annual income is below taxable limit after making eligible investments and deductions. My question is do i need to deduct TDS on rent paid to my father. What procedures do i need to follow for this.

Dear sir,
A individual has received compensation for acquisition of immovable property(building,))by LAND ACQUISITION OFFICER,NH-6,CELL and income tax has been deducted for tax U/S 194A for financial year 2012-13.How can I compute the income and capital gain and calculate tax and refund if the property is purchased before 1981

Dear sir,today i went kumar mittal and co. For interview..there are 6partner..and around 50article..they have audit works and seasonal taxation work...should i join there?...plz help me sir..plz

Mr.A is proprietor of M/s X Dealing in chemicals and he is also proprietor of M/s Y dealing in pharmaceuticals raw materials and holding drug license Mr. A is keeping separate books of accounts for both the proprietorships. the income tax auditor has audited and finalized separate final accounts and independent tax report in form 3 CB and 3CD .this time we want your help for how to upload auditors report in form 3cb and 3cd .will you please give full guideline about uploading of 3cb and 3cd reports .