Prashant
19 June 2009 at 20:09

Is the last PII Attempt?

Dear Sir
Kindly let me know whether the PII June 2009 was the last attempt of PII course?? and if Yes then what is the proceedure for conversion of PII to PCC or IPPC ? and i also want to know whether i will have to give CPT exam or not ?

Kindly help me out


Shankar Rao
19 June 2009 at 20:07

TDS

Dear sir

I am businessman deling in Paddy & Rice

I am buying Paddy from agriculturist & convert the paddy in to rice & Sells the rice.
I am not having Rice Mill for convertion of Paddy in to Rice. I am giving hulling charges to rice mill owbers for convertion of paddy in to rice.Whether convertion charges(hulling Charges) paid to rice mill owners attracts TDS liability


sunitha
19 June 2009 at 19:57

Attempts in PCC

Hi dear all,

can any one give the information regarding the number of attempts in pcc. Actually iam PE-II students now i want to convert into PCC. what is the last date for conversion to PCC...

Urgent


chetan soni
19 June 2009 at 19:54

Service Tax & Refund

Mr. Ram Avtar Singh,

That means we can claim refund for only specified services given in schedule of this notification.

Please clarify, as we export software by softcopy of the product. All this will not be used for this.
We pay service tax on following services,
1. Office Rent
2. Internet connections
3. Professional fees for software development
4. Service tax on audit fees & transfer audit fees.

I want to claim all this as refund.

Please give me advice on this.


RITESH KHANDELWAL
19 June 2009 at 19:31

Depreciation on Motor Car

Sir,
I would like to know if asa comapny i have sold out a motor car at Rs. 395000 whose WDV was Rs.538000 and the WDV of the entire block was Rs.3289000 then what is the treatment for Cpital Gain and depreciation for the current financial year.


sach Kris

Commercial land was purchased by a partnership firm from BDA[Bangalore development authority]in 1978. Partnership firm initially started with father and sons along with an uncle. Uncle later retired and partnership continued with father, mother and sons.

Q1 : If the immovable property [land] be divided among the partners of the partnership firm, will it be attracting capital gains tax and stamp duty ?
Q2 : what is the tax consequence if the partnership firm is dissolved ?
Q3 : what is the tax consequence if some partners leave the partnership firm, without any major payout.

Thanks.
Kris


sampad mohanty
19 June 2009 at 19:17

TRANSFER OF SHARE

SIR/MADAM
A SHAREHOLDER OF A PRIVATE COMPANY WANTS TO TRANSFER ITS SHARE TO ANOTHER SHAREHOLDER THEN WHAT ARE THE PROCEDURE TO FOLLOW.

THANKING YOU
SAMPAD MOHANTY


Ratan Sharma
19 June 2009 at 19:02

house property

The querry related to A.Y. 2008-09. The assessee owned 2 house properties and both the properties in the joint name of 2 brothers.
House property No. 1:
Purchased in 1995-96 for Rs. 8.00 lacs with the help of housing loan. Interest paid upto oct 2007 Rs. 20000/-. This loan account is squared up in oct. 2007.
House property No. 2:
Purchased in Nov. 2007 for Rs. 12 lacs, again Hsg loan taken by assessee by repaying old loan. Interest from oct. to march 08 Rs. 30000/-
The assessee has claimed 50% interest of both the properties in return of income. Now the A.O. propose to disallow the interest of one hsg loan. And propose to add the deeming income of HP u/s. 23(1). Is it correct?


Ramkrishna
19 June 2009 at 18:44

Job Work

Hi to all DE's

a manufauctring unit has got offer for job work ...

1. Can the unit do? if yes then what is procedure uinder Cen. Excise & Commercial tax
2.if the process amounts to manufacturing , what are the legalities
3.if process does not amounts to manufactring, what are the leaglities?

Please answere me itis urgent?
Thanks in anticipation


CA Ankit Zaveri

Our company merge with two companies. We acquire all the assets of the transferor co's including immovable properties. The transferor co's had not taken/shown depreciation as per income tax act in the IT return filed by them till date. The nature of business of the transferor co's is renting of immovable properties the income from which was consider under income from house property in the IT return filed by them till date. My question is what is the value of the immovable property we have to take while calculating the depreciation as per income tax act after merger.






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