Are ROC filing fees allowable as business deduction as per income tax. pls guide.

pls tell me the best book for ca final for audit

Hi All,

I am having some college students working for my company doing marketing activities and I am paying them fixed monthly amount as retainers salary to them. But now my auditor is of the opinion that the Account Head "Retainer Salary" attracts PF & PF. so please suggest me under what head i should put the same so as to avaiod any TDS, PT or PF.
Thanks in Advance.

Gurmeet R

Hiee.....can anyone solve my query.........i.e.

A person having construction business,It receives rent from a property which is bought for new construction of buildings. Is this rent Income fall under Income from House Property? Why when this property has been bought for his regular business activity? Tell Me Reason too.

Thanks in advance.

There are statutory payments like Excise duty,Sales Tax,Tds are paid with interest since payments made beyond due dates.will these interests be disallowed under section 37 of IT Act?.If there are any specific case laws available.pl give in reply.

TODP found by the person
26276.74
5483.11
3.78
TOTAL 31763.63

How this Figure of 31763.63 is arrived?
This data is arrived by my superior from the following GLB Ledeger Balances. but How?

GL Sub Head
Current Deposit Others 747918481.65
INDP Current Deposit Others 378039.28
Matured Deposit ( Other) 98882938.28
Outstanding interest on FD 264105.82
Deposit Suspense 1071782.71
savings deposit 520594078.90
Inoperative SB 9343128.26
Fixed Deposit 1362650037.34
Recurring Deposit 7452675.00
Other Term Deposit 841056369.31
Bills Payable 176087271.13
Interest Payable 37572583.67
Other Liabilities Items 122316.42
Other Liabilities Items ( Loan Collectione A/C) 430382.00
Outstanding salary bills 0.00
Marginal deposit 774312.32
Outstanding I.T.Payable( I.T. on Salary) 34300.00
TDS on Bank Deposit 927378.24
Interest Suspense 1279.00
Others 36663.00
Provicions Others 7104.00
Inter Office Accounts (-)8543506301.60
Accumated Depreciation 3893186.14
UBI Bill/Chq for Coll (FGN) Rec OT 1218245.00
UBI Bill CHQ Coll (FGN) Rec OT 0.00
Liab on Guarantee Co-acccp (INL) ( Liab n account of Guaran & C) 6733591.00
Liab on account of LC(inl) 1963129273.00
Other payables ( PPF Payable Account) 6465379.00
Written off Loan Payable 42363119.20

bad Debt written Off realised 9000.00
Locker safe custody charges 7154.00

Can anybody send me the detailed checklist for the audit of provident fund and superannuation funds.

Thanks

Hi

I need urgent information on how to go about dealing with the following situation faced by me in the company. Figures are examples


1. Feb 09 bill inclusive of ST for Rs.
12,00,000 was raised on 12th March 09

2. March 09 bill inclusive of ST for Rs.
10,00,000 was rasied on 4th April 09

3. IT Paybale by company after adjustments
is Rs. 1,50,000

Both the above figures were taken to profit and loss account as per accrual basis.

since INcome tax needs to paid now I asked to the service receiver to giver form 16a for 2008-09 fy covering the above payments .

Instead he gave Form 16a for Q1 2009-10 FY showing the above sums and deduction made thereon which my auditor says I will have reconcialion problem.

My question is how I should go about solving the revenue recognition/ reconcilation and TDS as I need not pay tax had he given the form 16a for 2008-09
Financial year

Appreciate immediate response on this...

I wish to know which audit Form required in Tax Audit of a Limited Company whether 3CA or 3CB ?

Please give full detail in this regard.

thanking u.

Hi,

I filed my tax for last year on July-12-2008. I hav received an email today (Sep-9-2009) with a letter dated 13-sep-2009 asking me to appear for assessment on 14-sep-2009.

Pls let me know if this notice from IT is valid or not, and whether i need to appear for assessment or not.

Thanks,
Ramakumar