ABC ltd. is loss making company for a.y.06-07 they have claimed the bad debt of last several year i.e. 10-12 year While scrutiny of the same A.O. has disallowed the cliam of bad debts & the s assessee is now gone to CIT Appeal aginst the disallowance of the bad debts. so kindly clarify the Provision relating to bad debts of Income Tax ACT & as per companies ACT. also specify case law in favour of the assessee regarding the same.

Dear Frnds

Preparation of Balance sheet pursuant to Schedule VI of the Companies Act, 1956 requires depreciation on the Fixed Assets of the Companies.

Can a Company decide not to charge any depreciation on the assets of the Company becaues the Assets are not put to use.

The assets are more than 10 years old & the Company has chagred depreciation on those assets for the past 10 years but the company don't want to charge any depreciation from this year.

Pls advice whether it is permissible under law to do the same.

pls take it as urgent

Best Regards
CS. Deepika Bhardwaj

plz give me due dates for filling income tax returns for AY 2009-10

Dear Sir,

We have raised Invoice to customer for sale of material, but in transit material damaged. Party return back material to us.

The damaged material claim received from Insurance company.

My question is : Is the Insurance claim received shown under the head of misce. Income or down the purchase value of raw material materail ?

Pls give me your valuable advise.

Baljinder Singh

if i make payment of Rs.19,000/- each in three times towards labour chg. then can tds liability is come

can partner withdraw upto rs.5 lacs from his partnership firm.

pls give me answer quickly

first my house is at Arambagh,Paharganj since den i am registered in shadipur but two months back due to some family problems we were shifted to Buradi, nathupura chowk, one way distance b/w my home to office is more than 22kms. due to this i m not able to reach office in office timings my C.A.(principle)asked me to terminate articleship & registered somewhere near to home & he has no problem with this & he is ready to give me termination. Can i take termiation from them and be registered to somewhere near to my home.

Please tell soon.

if any person has booked the plot of land and also pays the booking amount for the same .
However no sale deed executed.
Afterwards, such booking has sold to other person.
Whether it be covered under Capital Gain Taxation or not
pls respond immidiately
Thanks

sir i am a student doing MBA. i have got an assignment on Infosys' unique accounting disclosure practices which is not followed by any one....so any one can help me in this regards i will be highly obliged

what is the duedate of payment for tds deducted in the month of march.provisions of disallowances u\s 40(a)(i).