A company capitalised its asset for Rs. 10,00,000 and closed its financials for 2007-08. In 2008-09 while reconcilation with party accounts, it found that actual asset cost was Rs. 15,00,000.
Now what will be the accounting procedure for this situation

We are a manufacturing company. We are payming commission to third party for promoting our sales.On the sales commission third party charges Service Tax.
Whether we can take the credit of service tax charged on payment of commission related to sales.

Dear All

if any one not filling return for three half year then penalty will be Rs.2000 or Rs.6000(as per Rs.2000 half year)

Thanks
Manish Mehta

Is there any tax provision on jwellary gift?
Please reply.

What are the differences between Sec 80DD & Sec 80DDB.

Can an assessee claim both on single dependent..?

Dear Sir,

I have taken a housing loan for construction of a residential house property loan amount is Rs.37,75,000/- and interest paid to bank for the period from 01-04-2008 to 31-01-2009 - 371898/-
from 01-02-2009 to 31-03-2009 - 77547/-

I letout the house property from 01-04-2008 to 31-01-2009 for 20000/- p.m as rent and the same house is self occupied from 01-02-2009 to 31-03-2009

I am in the opinion that i have to claim Rs.371898/- as deduction from letout house property income and Rs. 12500/- P.M for Feb & March (1,50,000 / 12 Months)as the house is self occupied by me

It is correct or not please clarify

Thanking you sir,

Yours faithfully

Kiran G N V D

If father or mother give a/c pay cheque 4 times in a year to their daughter as a gift then GIFT DEED is require all the time or not ?

Hello everyone, Please let me know the full procedure to close a Pvt. Ltd. Company which was incorporated in December,2005 and there is no transaction done by the Company , no AGM,EGM,BM was conducted. in nut shell no operation done by the company till date but still activited.

also tell is there any form required to be submitted with ROC?

IS leave salary taxable in case of an employee resigning from job?pls quote relevant section of income tax Act.

IS leave salary taxable in case of an employee resigning from job?pls quote relevant section of income tax Act.