I want to know that how can i core good marks in income tax in IPCC exams going to be held in Nov 2009.
I have problems in remembring all those sections and its contents.
How can i make it easier so that i can fetch good marks?????

Please answer my query below:

Can an India Company( Non-EOU unit) raise its sales invoice in USD on its India customers( Non-EOU units)? Here, such India Company, however, receives sales proceeds in INR from India customers who convert USD into INR at spot rate. Will this billing in USD violates any FEMA provisions/rules?

Thanks

Raghav

has any1 heard abt prafulbhai group tution in andheri (east),mumbai?? can i hav some views & advise for the same!!!

Hi,

What is the due date for filing income tax return by corporates for the FY 2008-09?

Thanks,

Is the Co-operative society is libel to deduct the TDS while releasing the payments like "AMC of lift" & other similar type of payments since this is comes under perview of "contract (94c).??

Dear Expert

Please help regarding my queary about Debtors W/Off

last year(2007-08) my client tax liabilities as per audited balance sheet Rs. 3.00 Crore

but this year(2008-09)we observe in last year one of Debtors which amount approx 1.00 Crore which are likely Bed debts and not taken Bed & Doubtful debts provision and we want to take provision in this year

so please advise regarding how affect tax liabilities last year 3.00 crore and what entryies pass in account

Thanks

Is the Co-operative society is libel to deduct the TDS while releasing the payments like "AMC of lift" & other similar type of payments since this is comes under perview of "contract (94c).??

Has anyone got the RTP for PCC June 2009 exam.

Institute claims that it has already released it last month.

Its still not updated on the institutes website.

Dear All

The company I joined recently is enjoying 80 I A benefit since 1998 and is carrying out certain work for a big corporate group.

All the return upto 31.03.2008 are filed in time and the latest return shows carried forward losses of approx. Rs 8 lakhs both in the form of business loss and depreciation loss. A note attached to the Statement of total Income revealed that 80 I A benefit not claimed since there is carried forward loss and no profit.

Now I have started reconciling the balance of our books with that of the other corporate and found that the other company has credited an amount of Rs 15 lakhs over a period of 2/3 years being rate difference and this has not been accounted for by us.

Can anyone advise me as to the correct way to disclose this with the tax authorities?

Can I revise the returns for the year ending 31.03.2006, 31.03.2007 and 31.03.2008 disclosing this amount?

Can I get the benefit of 80 I A?

Regards

Jayant Shaligram

What types of Entries are made in JOURNEL BOOK? plz someone give ans.