My company has sold some its fixed assets during the F Y 2008 - 09. On certain assets there is a profit and on certain assets there is a loss. The sale has happened on 30.09.2008. How is to be reflected in the I.Tax computation ?

One Contractor is doing Boundary wall work for a SEZ Developer in SEZ area. The contractor is using some materials like cement,concrete etc. while executing the work. Now will this work is Contract for Service only or does it fall in Works Contract category.

Thanks

Whether company has to do acturial valuation in terms of AS 15, even though the same has been done by the LIC of India, with whom compnay has maintained post retirment fund like gratuity & Superannuation.


Matter is very urgent......Pls reply urgently..

why we do not record closing stock in the Trial Balance???

in case of Non Banking financial company, whether profit/loss on sale of shares would be included under income from investments

A pvt.ltd. co. pays its electricity bills in cash. Sometimes it goes beyond Rs. 20000. My query is that is it going to create any problem as the payment excedding Rs. 20000 is disallowed under the I.T.Act or electricity exps can be paid in cash.
Further, It also paid an isurance of Car Rs. 20567 in cash. It is allowable or not.
Please ans.
It is very urgent.

If a person sold his house property in his name.. and he invested the proceeds in another house property as per the time limit he will get exemption from the Cap Gain Tax....

But if the new property is jointly owned in the name of him and his spouse.. and spouse is not contributing any money and all the proceeds invested are from the tax payers pocket is he still get the exemption......

Give me legal documentation for the same.. if Yes or No.....

I wish to know about the reference books for ca final --
subjects
1. Advance Auditing
2. Law
3. Mafa
4. Mics
5. Costing

Dear All

We are executing Operating,Marketing and Technical services agreement with the Owner's of the property having Hotels.Under the agreement we are running the operations of the Hotel by placing General Manager and other managers of the department.Also the complete marketing support for Hotel is from our end.For this the Owner of the Hotel is paying a percentage of fees on gross operating income of the hotels monthwise.In the bills raised we are charging service tax.But the Owner's are disputing service tax as they were saying that the services are not leviable.Do we raise a bill adding service tax or not.

Also we raising debit note for salaries of our manager and asking the Owner's for reimbursement for same.Do we add service tax on this or not.

Are the services of Operation of the hotel and marketing services are leviable or not.

Please advise.

Please advise whether we are liable to deposit the service tax or not.

Dear Experts,
Please sort out my queries
1.If company pays any expend on hotel, boarding & lodging for employees or for any other person including an outsider consultancy firm, who is claiming reimbursement of their expenses paid by company is liable to pay tax under FBT.

2.Reimbursement of Mobile Exp paid to company employee s liable to pay tax under FBT.

3.Reimbursement of conveyance Exp paid to company employee s liable to pay tax under FBT.

4.Reimbursement of Traveling Exp paid to company employee and outside firm which are providing services to company such as Audit firm & consultancy s liable to pay tax under FBT.

5.Rent Paid by company for Bachelor Guest House (Using by Company Employee) s liable to pay tax under FBT.

6.Rent Paid by company for A/S installed at Bachelor Guest House (Using by Company Employee) s liable to pay tax under FBT.



Regards
Ravinder