Sir
In case of a bill held by an HDC ,all the prior parties can b made liable,but in case of a cheque marked "not negotiable" the bearer shall not b able to give a better title to the cheque than the title the person from whom he had took,what is the reason behind it?

D/Sir,
I am a service tax Provider Service category Repair & Maintenance of Generator etc. I have some State Govt. Contractor as BSNL, HSEB etc.I want to know that the service tax in service Bill is applicable or not.

Dear Sir,

Our company has incurred certain pre operative expenses (capital and revenue both). The actual operation will commence from 1.4.2013.

On that day, we will capitalise whatever capital expenses and direct expenses related to the asset to that particular asset.Similarly, we will charge all the general revenue expenses to Profit & loss a/c.

My question is:

1. whether the above accounting is correct?

2. whether we can claim depreciation on such capitalised expenditure in Income tax?

3. If we are charging all the pre operative expenses (of revenue nature) of preceding years in current years' P & L A/c whether this will be disallowed as treating it as prior period expenses u/s 37. If yes, what is the way out that the expenses wont be disallowed.

Please reply at the earliest.

dear all.

my friend has incurred loss of around rs. 80 lakh from shares trading business in fy 2011-12.

his turn over of shares for fy 2011-12 is around rs. 250lakh.

qus.

1. whether he is liable for tax audit for fy 2011-12..

2. whether he can carry forward his business loss of rs. 80 lakh. for fy 2011-12, if he filed his income tax for fy 2011-12 today.

3. what he should do for claiming of carry forward of his business loss of rs. 80 lakh.

Dear sirs,
a nonresident gives power of attorney to his father to let out the property in the name of non resident and receives rent. nonresident wants to file return as representative assessee. but the tenant deduct tds on rent payment in the name of father . how to file return ? in the name of father or non resident . property in the name of nonresident

My daughter will be appearing in the class X examination this year.

She is studying in a CBSE recognised school.

This year students have option either to appear in school exam or appear in the exam conducted by CBSE.

She will be appearing in the school examination.

Is she eligible for registration for CPT ?

We have given motor vehicle to Key Manaegerial person. Hence, Rs. 2400/- is treated as perquisites. Salary of KMP is Rs. 100,000/-. What will be the accounting entry for the value of perquisites given

If a person is living with his family in a Govt. accomodation allotted to his father, As per my understanding he cannot claim HRA for such accomodation by showing rent paid to his father.Is there any wayout ?

Hi Sir, I have registered for IPCC under direct entry scheme in the end of january this year for giving november 2013 attempt. And just started articleship 2 days before. But now I came to know that orientation has to be done before starting articleship. But I haven't done that yet now. Could you please help me out.

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=592831

A PROPERTY IS REGISTERED & STAMP DUTY IS PAID ON THAT VALUE.
IN A.Y.2010-11, ASSESSEE SOLD THE ABOVE SAID PROPERTY. WHILE COMPUTING THE CAPITAL GAIN. ASSESSEE CONSIDERED THE COST AS RS.5000/- PER SQ.YARD AS THE MARKET VALUE ON THE BASIS OF LETTER ISSUED BY APIIC. BUT THE A.O. CONSIDERED THE VALUE (COST) AS 2500/- PER SQ.YARD AS PER THE CERTIFICATE ISSUED BY SRO & CALCULATED THE TAX


WHETHER ASSESSEE CAN ADOPT THE BASIS OF VALUE ADOPTED FOR ALLOTMENT OF LAND BY APIIC FOR THE PURPOSE OF COMPUTING CAPITAL GAIN?

PLEASE PROVIDE CASE LAW IF ANY...
THANKS IN ADVANCE