One compnay has transcation with group for purchase but both r public company so sec 297 is not attracted here, but one co. has created two diff. account of another company in one of which transaction of purchase & in another account transacation of money lending & borrowing , whther it attract any section or not

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?????

2) Depricication is to be charged on what amount???????

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 seperately????

Please ans. as it is very very urgent.

Whether tds to be deducted on out of pocket expenses paid to professionals working at company's site

What we mean by Memoranda of change with respect to bank branch audit ?

Anybody knows about taxation of ESOP
ESOP received & exercised in US$, holding period is more than one year, FBT is recovered by co.

I am looking CA final year student ,My email id : rsangwan34@gmail.com
who can help me for my assignment questions .. . Here are topic on which these assignment question based
Activity-Based Costing and Management, Profit Analysis, Operational Performance Measures and the Balanced Scorecard, Responsibility Accounting, Quality Control and Environmental Cost Management, Responsibility Accounting, Quality Control and Environmental Cost Management, Decision Making: Relevant Costs and Benefits

If i filed the return of A.y08-09 in the A.y 09-10 (late filing)through e-filing should i send the acknowledgement of A.y 08-209 to the banglore address or should i get stamped in the relvant range in which i fall.

Dear Sirs,
Pls assist Should we apply the new rates of Income tax on salaries for FY 2009-10 while processing tds on salaries, as employees are asking so they will make investment accordingly.
Rgds
Manoj

Hi...Could u help me on Income Tax depreciation rates for AIr Conditioners (for office) and Electric installations (includes some motors)?

The PF Trust Fund has to invest its monies as per certain rules. Can any body please provide the details of the same?
Thanks