An asset was destroyed by fire in November-11
and Insurance Claim on Loss of such Asset was received in May-12

1.Kindly suggest the treatment of depreciation for 2012-13 (April and May)

2.Effect of Insurance Claim received,if any, on depreciation schedule.

ours is a pvt ltd co having turover is Rs.70 Lacs. whether tax audit is applicable to us or not guide. As per co act the same is applicable

FORM 3CD- CLAUSE 27 REQUIRES US TO REPORT THE LATE DEDUCTION INFOLLOWING MANNER-

1. Name of Party
2. PAN
3. Section under which tax should be deducted 4. Due date of deduction
5. Actual date of deduction
Amount.

What should be the date of deduction???
For specific
1. if expense date is 01/06/2012
2. if expense date is 07/06/2012
3. if expense date is 30/06/2012

Can we start articleship after November attempt I.e before results but after exam...and if yes will it be counted in our articleship training?

I have received Intimation U/S 143(1)for my belated return filled. But there is no diff as per income tax and as per data provided by me. So why intimation have been issued. aur i have to do something?

can anyone expert help me to know what is the minimum amount of sty fund to be paid to an articled assisstant as per ICAI guidelines

Dear friends, I have been staying in Mumbai with my uncle but since my uncle is shifting to his native place, I have found out a boys hostel for accommodation. Now the hostel authority is asking a letter from the ICAI in this concern. Can anybody provide me the format of the same. Kindly reply with the format if you have.


Thanks in anticipation.

can you please tell me what is works contract service ?.some examples of works contract services.

Dear Experts,

I am in the process of Incorporation of a PVT LTD CO. I filed FORM 1A and obtained name approval. Now Form 18 requires address proof. Can I create a rental deed in the name of proposed company and in such will it be valid since the Co not yet incorporated. And also who will be the signing authority in case of this deed since Directors are now only getting appointed through Form 32.

Please also share a lease deed sample.

Suppose if a CA conducting a company audit as per Co. Act, prepare audit report in form 3CA and shows profit below 8%.
Should he also have to conduct tax audit u/s 44AB?