Hi all,

Kindly resolve the following query:

An educational institute has decided to procure the following items:

1. Drum Set
2. Amplifier
3. Guiter etc.

The musical items indicated above are required for students amusement, entertainment or say for development of the students. Now, my question is-
Are these assets or not? If asset then why? and If not then also for what reasons? Kindly specify the journal entry to be passed for purchase of such items.

Thanks in advance.

Mr.X files Return of Income after due date.He wishes to Revise his Return of Income because he had not claimed TDS as refund in his original return.To claim refund what is the remedy available with him? Whether he has to file revise return or he has to write a letter to A.O. ?

I filled entirely my campus registration form .I have also uploaded my photo.
But when i press submit it is showing error message as

"invalid/incomplete entries for upload photo"

what should i do 2 submit my form.......

plz reply soon.........

Hello,

Could some one explain, what would be the most tax effective way for a foreign company to establish a manufactoring and selling business in India with raw materials imported from overseas and assembled in India and finished goods sold in india

Thanks

Uday

Dear sir
Our company is engaged in dealing in tobacco. We purchase tobacco from distance places and also send tobacco to factories for packing. We pay hire whihc some times is more than Rs 1500.00. My question is under the amended guidelines by department, is service tax payable on the hire when it exceeds Rs 1500.00, to transporter, who is an individual and the service is not provided by any tranport agency.

Kindly advise at the earliest
Thanks and regards
Subrahmanyam

Sir,

I the get the Contract of 10 Lacs . I fully give that contract to Sub Contract (Registered Dealer ) in 9 Lacs What about 1 Lacs can I pay the VAT for that or what . (Gujarat VAT Act)
Purvesh Ganatra
M :- 9825553344.
E-mail. peegee909@yahoo.com

Hi sir/Madam,

what are the conditions In Accounts and Income Tax to charge the Depreciation On Fixed Assets and what is the treatment of charging the Depreciation in both Accounts and income tax?

Hi,
how many leave are allow to article during articleship,I am cpt-pcc student can my final exam delayed if articleship extent

Hi Madam/Sir,

My doubt is that in IT Book they have given that

1).senior Citizen means whose Age is 65years or more at any time during the PY.
2).For resident woman also they have given that whose age is below 65years during the PY.

My query is that In a year both can be possible i.e.below 65 and equal to 65 years then which slab rate is applicable?

A company having 2 directors. Both the directors are not drawing any salary. The company donot have any employee.
Whether the FBT is applicable to the company.