If a Pvt. Ltd. Co. take over a partnership firm with all assets and liabilities along with the unsecured loans, then what will be the status of such unsecured creditors, because a Pvt. Ltd. Co. can take unsecured loans only from its members while after taking over the business of partnership firm, such unsecured loan become the liabilities of the Company.
then what has to be done in that situation?

I am living in rented house & paying rent say 4000 pm. Also I am doing business in rented office differently & pay rent of Rs. 6000/- pm.

can i take income tax benefit on rent paying for home, just like office rent in business, if yes how ? pls suggest

Thanks in advance

deepak kokal

Hi,
If any business man has made cash payment more than Rs. 20000/-, but not for revenue producing activities...what would happen whether the amount will be disallowed???

Hi experts,

if i purchase 10 tables each worth Rs.4000/-, should i write it of in the same year as below 5000 or as a block of assets should the depreciation be charged on used period.

Sir
Could you please send me that under which section TDS should deduct for event managemant.

is that event management is considar in section 194C or 194J

Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

WHETHER A STPI UNITS ( SAY BPO CALL CENTER, SERVING TO US CLIENTS ONLY) CAN GET REFUND OF SERVICE TAX PAID ON THE INPUT OF SERVICES. AS ITS EXPORT OF SERVICES, NO SERVICE TAX IS CHARGABLE ON SALES. HENCE, THERE IS NO QUESTION OF SET OFF OF INPUT SERICE TAX.

IS THERE ANY CLEAR CLARIFICATION ABOUT REFUND OF SERVICE TAX PAID ON INPUT SERVICES FOR SUCH COMPANY?

Hi All,

Just want to clear my doubts from all of you regarding subsidary company.

1. Can main company adjust their profit with subsidery.

2. If main company gives their building to subsidery for running of business so can main company charge rent from them.

Regards

Deepak