According to AS 14 in case of amalgamation in the nature of merger the purchasing co takes over all the assets & liabilities...Does it include even fictitious assets???? If not what will b the adjustment regarding that...I m a PCC student...Looking forward to ur help...

Query: 'X' is a manufacturer. 'X' clears his goods from his own truck/tempo/vechical and collects the freight from the buyer.

In above case who is the service recipient and service provider?

who need to pay service tax?

Dear All,

I am not able to search files in this new avtar of the caclubindia.com. All search are routed through google and this shows results for all sections like forum queries etc. Please help how can i search in shared files only.

Thanks

I WANT TO MAKE PAYMENT OUT SIDE INDIA FOR ADVERTISEMENT CHARGES. WHAT IS THE RATE OF
TDS?


FROM WHERE WE CAN FIND TDS RATES FOR
PAYMENT FROM INDIA TO FOREIGN ?

Dear sir/mam,
i am a ipcc student, i am not taking coaching classes anywhere, i have some problem in tax. for nov. attempt i am preparing tax with taxmann publications Dr.v.k singhanias book. sir i want to know that may i got the solution book of the problems given in that book.so that it will be easier for me.

THANKS

A,B,C,D are relatives as per IT Act

A need to repay loan to C 100 and D 80 for that he gets gift from B 40 C 20 and D 20 and 20 of its own repays to C 100 than C gifts back 80 to A and A repay loan to D 80 is it possible??

all the above transactions are done by account payee cheque??

Whether Unsecured Loans above Rs.1,20,000/- can be repaid/write off by paying cash installment of Rs.20,000/- over sevral years? What will be its ITax implicatipon of such transaction

Sir,

I have two querries

1.) Querry No. 1

income tax department has stated to file foreign remittance in form 15 CA.

Whether this provision is also applicable to companies?

Ours is a pvt. ltd company, we are importing material, and making payments to our creditors in USD. then whether we also want to file this form? & if yes from which date?

Querry No. 2

In this budget FBT has abolished from F.Y. 2009-10. Then what about advance tax paid by companies in June 09.

Hi,

Is there any other act other than the housing co-op societies act in maharashtra to register a group of house owners consisting of approximately 10 flats.

Basically registration under this act requires audit of accounts. Hence is there any other form of organistion/act under which such group can be registered to avoid audit of such a small group of house owners.

Also how does such registration affect the status of such group under other relevant acts applicable to such housing units/properties.

Thanks,
Ajit

i HAVE BALANCE OF RUPEES THREE LACS IN VARIOUS SAVINGS BANK ACOUNTS & CASH BALANCE OF 65000/- AND LOANS OF 18 LACS. wHAT IS MY STATUS OF WEALTH TAX SHOULD I CLAIM DEDUCTION FOR BANK BALANCE & CASH IN HAND AND FILE WEALTH TAX RETURN FOR ONLY 18 LACS. ALSO UNDER WHAT HEAD SHOULD I TAKE LOANS AND ADVANCES AS THERE IS ONLY ONE COLUMN OF CASH IN HAND.