Hi

What could be the modus Operandi to convert sole proprietorship/partnership firm into a private limited company.

Can land used for Container Frieght station be treated as plant. Land is levelled and made suitable for movement of heavy trucks and cranes to load and unload containers of upto 40 tonnes.
Substantial investment is made to make the land suitable for storage of containers.

Can we claim depreciation by treating as plant.

We have acquired shares on say 24-sep-07 and sold the same on 24-sep-08.

As per S/112 what is the period of holding for 12 Month.

Whether the said transaction is STCG/LTCG.

To whom AS - 22 is applicable and not applicable?????

for a residential house what shall be the cost for capital gain calculation
1. actual amount paid i.e. 7 lakhs
2. amount recorded in sale deed i.e. 3 lakhs

Dear Members of CA Club,

Need your guidance in this situation : -

Passed PE-II Group 1, Waiting for Group-2 Result, This was the 5th attempt.

If passed what to join PCC or IPCC (Which one is better- articleship is due).

If failed then which scheme to switch over PCC or IPCC ?

Although last PE-II exam is in May 2009 ? It will be the 6th attempt, Wether it is allowed for the 6th attempt ?

Waiting for your quick & complete guidance.

How should I take cenvat credit on banking charges they do not provide me any bank advise for each and every charge to me......... Can it be available through Bank Statment but this does not contain any signature or any other thing which is a valid document for cenvat credit

What is the procedure for making a gift in DD.

1.My uncle want to make a gift in form of DD to his daughter.
2.can a person who is not relative of that daughter can make a gift to her on her marriage.
what is the procedure for that.as per the income tax law.
Is wrritten record of such gift required to submit in income tax department.

HI EVERYONE

I HAVE CONDUCTED AN AUDIT AT MY SITE AND THEY HAVE PULLED OUT THAT THE PHOTOCOPY OF COURIER BILL OF ENTRY IS NOT A VALID DOCUMENT TO TAKE THE CREDIT.

CAN ANYONE TELL ME IS IT ADMISSIBLE OR NOT. IF YES THEN CAN YOU GIVE ME BRIEF EXPLANATION ABOUT IT WITH APPROPRIATE CASE LAWS OR JUDGEMENTS.

PLEASE REPLY AS IT IS VERY URGENT.

I want clarification on rate of tds on hiring of vehicles for office purpose. As per information I received, the same will be having rate of 194I, and not 194C, As vehicle is covered under definition of Plant & Machinery. Kindly clarify at earliest.