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.

An individual (covered u/s 44AB) deducted TDS u/s 194 on Interest other than interest on securities in the month of Nov. but paid on 14 April 2009 along with interest. I want to know whether the interest will be deductible in F.Y. 2008-09 or F.Y. 2009-10 or the same is not deductible at all.

Hii group members,
We are unit in SEZ and hence service tax is exempt in our case. My question is that if we are paying freight to GTA then whether we are liable for service tax or not.
We have a centralised cum ISD registration which was taken for distribution of credit to other non exempt units. Will this registration is ok for GTA matters(in case we are liable for tax)or we require to take another registration?

Assessee is a company & receive a rent from Let out Building which includes rent of furniture.
plz solve my query in following case from Service Tax Act point of view:

1. Rent is composit...means there is no segregation between rant of building & rent of furniture.?

2. Segregation is possible but no separate agreement for rent of furniture.?

3. Separate agreement is there.?

Assessee is a company & receive a rent from Let out Building which includes rent of furniture.
plz solve my query in following case from Service Tax Act point of view:

1. Rent is composit...means there is no segregation between rant of building & rent of furniture.?

2. Segregation is possible but no separate agreement for rent of furniture.?

3. Separate agreement is there.?

Please inform me that which A/Y is applicable for income tax subject of PE-II in june 09 exam.

MAhendra