My client is individual having business income. He had one car of rs. 2,66,000/-, in fixed assets. during this year he sold that car for Rs.2,00,000/- and purchased a new car for Rs. 12,00,000/-. Remaining balance of old Car Rs.66,000/- can be treat as loss on sale of old car or can be treat the balance of block Rs.12,66,000/-. If we recognize loss on sale of old car under which section it shows?

Please reply as early as possible

Can anybody tell me ,why debentures are not indexed in capital gain.

Hello,

i cleared by Final grp1 in 2003 and later on attempted for final grp 2 along with working life .My work took me abroad and at present working abroad for past 7years.I take the effort to appear for exams by flying down to india.This has been tough for me one i am not updated with recent changes in laws/tax and even change in format of paper.

Does anyone know if the institute has abroad centres werein exams can be given or were having a tie up with institutes abroad one can appear for accounting qualification abroad and werein exemptions are provided on papers.


Kindly guide.

Regards,
Faraway friend.

Hi Sir,

My client provides ambulance service to various hospitals on rent, is he liable to collect service tax ?, let me know sir.

Thanks in advance.

wat would be d accounting entry for write back of unwanted provision?

Hi,

My query is can we change Challan Serial number in a filed ETDS return with revised return.Please give me the process to change.

Thanks in advance
Ashok Dasari

Dear Sir,

Please advice how to calculate Late Payment Interest from Date of Deposit of Tax till Date of Processing(C) as per defaults received from tdscpc

Tax was deducted u/s 94c in may and june 12. But by mistake it has not been paid by the company and company has now submitted TDS returns upto 4th quarter without taking these TDS. Please tell me will it be ok if I am paying tds in may 13 with interest and taking it in 1st quarter return afterwards. What diff. will it make???

Since the Service tax is applicable on Non Whole time Director. So how may person can be appointed as a whole time director in Private & Public company.

Since the Sec. 269 is not applicable to private company, than a private company can appoint more than one WTD.

As per company Law "A Person can be appointed as a WTD in only One Company".

Kindly Tell me in Above line (Line in inverted Comma) Here company word is use for either for Public Company or Private Company or for both.
Kindly answer as early as possible.

Thank you.

Can anyone provide the Board Resolution to raise Fresh equity capital for a Private Limited Company.