whether trust can claim deprciation on fixed assets after claiming it as application to income under addition to fixed assets

DEAR FRIENDS
PLS, MY ATTEMPT DUE IN MAY 10, SUGGEST FOR ME A BEST BOOK ON IDT AND AUDIT BOOK SUBJECT.



THANKS

I WANT TO KNOW THE TIME OF DEDUCTION OF TDS ON SALARY WHEN WE FOLLOW ACCOUNTING ON
1 CASH BASIS
2 ACCURAL BASIS

ALSO CLERIFY WHEN WE FOLLOW ACCRUAL SYSTEM AND NOT PAID SALARY TO AN EMPLOYEE FOR WHOLE YEAR AMOUNTING RS. 35000/- PER MONTH FOR A/Y 2009-10 AND PAID THAT AMOUNT IN NEXT YEAR.

WHEN WE DEDUCT TDS?

WHETHER IN AY 2009-10 OR IN 2010-11
VERY URGENT

A rice sheller purchases a truck on finance in April 2008. The bill of the truck is Rs. 8 Lacs. It got it finaced from a finace compnay for three years. The amt to be paid to the finance of is Rs. 11 Lacs.
My queries are
1) How this transaction will be recorded in the books. The finance co. will be credited by Rs. 11 Lacs and Truck account will be debited by Rs. 8 Lacs. What will be the treatment of Rs. 3 Lacs? It will be credited to Interest Suspense a/c or any other a/c ? Where should it be shown in the balance sheet and with what name?

2) Depricication is to be charged on what amount and whether annual intt is to be calculated and charged to revenue?

3) The rice sheller uses it for its own business ie. to carry paddy, rice etc. Whether any income is to be shown from this truck separately ????

Please ans. as it is very very urgent.

Hi Experts,

If any purchase a new car & pays insurance charges , whether that insurance charges will be added to cost of the new car or it will be debited to P&L (with prepaid calculation)
Also as we add taxes paid on purchase of car to the cost of new car, can we add insurance also.

Can any one explain me about GTA?

Parties Involved :
1. Delhi Merchant Exporter(DME)
2. Maharashtra Manufacturer (MM)

DME is purchasing DG sets from MM for export to Nigeria. DME has a CT-1 facility for export of goods without payment of excise duty. However, as per MM's company policy it does not permit sale to a party in India under CT-1 form. Therefore, DME has purchased goods from MM on payment of excise duty. What is the procedure for rebate under central excise rules to claim back the excise duty paid if proof of export can be furnished? Since DME has a CT-1 facility, it is already registered under CE Range at its registered office in Delhi. However, MM plant from where material dispatched is in Pune and export took place from JNPT. To which excise office/range should the rebate claim be made?

For a Listed concern If there is change in Other Object Clause of the Company and the company wants to adopt that object after the change.
Can we get the Board resolution passed by circulation instead of calling a Board meeting and then start the Postal ballot process.

Sir,

For the month of April'09 the due date of deposit is 5th May'09.

I have deposited the service tax of Rs. 10,000/- on 5th July'09.

Till date I have not deposited interest on service tax.

If I calculate interest upto 5th July'09 and deposit now,would it be in order or how should I calculate and deposit delayed interest.

What is the relevant provisions for this. Kindly help me.

Dear All,

I want to know whether VAT is applicable on Flex Making Charges & Flex Mounting Charges

This are used in the advertising

Regards
Hitesh Khona