Are Low Value Items (below 5000/-) eligible for depreciation under block assets or can they be directly expensed out as per companies act for tax purposes as well.

Thank You.

A Machinery was purchased which is not a qualifying asset as per AS 16. A loan was obtained to purchase the machinery. While the loan was obtained, Stamp Duty Charges were incurred.

Pls clarify whether the Stamp Duty Paid for obtaining loan can be capitalised?
or
stamp duty charges can be treated as borrowing costs and accordingly charged to P&L Account as the machinery is not a qualifying asset?

A Machinery was purchased which is not a qualifying asset as per AS 16. A loan was obtained to purchase the machinery. While the loan was obtained, Stamp Duty Charges were incurred.

Pls clarify whether the Stamp Duty Paid for obtaining loan can be capitalised?
or
stamp duty charges can be treated as borrowing costs and accordingly charged to P&L Account as the machinery is not a qualifying asset?

we have filed service tax return for the period 1-4-2008 to 30-09-2008....
but on scruitny on march 2009 we have found that service tax collected was shown in the return Rs. 68916 instead of Rs. 127000 and same was not paid.
now time of revised return has been passed.

Is there any way to file a revise return or any other way to rectify the mistake.

Hea I am Peii Student
on jun-09 last & least atten for me
colud you hepl me for notes for businees & corporate law,costing-fm
& also help how to score more then 300
yet i score only 272,280,285 not more
plase help me rather i quit

HI
MY QUESTION RELATED SERVICE TAX
MY TURN OVER NOT EXCEED 10,00,000 FOR ASS.YEAR 2009-2010
I COLLECT SERVICE TAX IN ADVANCE BUT NOT PAID BECAUSE OF MY TURNOVER...
WETHER I CAN FILE NIL RETURNS
RATHER I WANT TO PAID
PLASE SUGEST......

hii frnds,

i hv certain doubts which is related to 23AC which needs to be uploaded.

1. Is it mandatory to attach all the documents including schedules in form 23AC.??

2. I downloaded 2 additional attachments and filled the necessary data and also attached pdf documents. now when i fed 23AC and attached remaining documents, the size exceeded 2.5MB. hw shld i proceed??? pl help me.

Awaiting for ur reply

Regards
Sangita

hii frnds,

i hv certain doubts which is related to 23AC which needs to be uploaded.

1. Is it mandatory to attach all the documents including schedules in form 23AC.??

2. I downloaded 2 additional attachments and filled the necessary data and also attached pdf documents. now when i fed 23AC and attached remaining documents, the size exceeded 2.5MB. hw shld i proceed??? pl help me.

Awaiting for ur reply

Regards
Sangita

hii frnds,

i hv certain doubts which is related to 23AC which needs to be uploaded.

1. Is it mandatory to attach all the documents including schedules in form 23AC.??

2. I downloaded 2 additional attachments and filled the necessary data and also attached pdf documents. now when i fed 23AC and attached remaining documents, the size exceeded 2.5MB. hw shld i proceed??? pl help me.

Awaiting for ur reply

Regards
Sangita

One of my client paid monthly bill of Rs. 10000 or more for the purpose of tea & snacks(consumed by him & employees), will it be treated as contract& deduct TDS?