I am investing in LIC's Jeevan Aashta Rs.25000/- I want to know is this full amount is allowed as deduction from my income or part of it. It is only one time investment.

Thanks.

Dear experts,

A very happy new year to you all..

This is with regard to a advance that I wish to give my stockists towards purchasing a storage equipment. I do not want to show those equipment in my books, yet i want to somehow retain the rights over the assets in case there is termination of our relationship with the stockiest in which case i can take the machinery back and install in the new stockiest's premises.
Is there any arrangement by which this can be done?
If i enter into a hire purchase agreement, can i maintain control of the assets and yet not have to show them in my books? Please advice..

Warm Regards,

Aditya

Please Send me a details regarding Interest Calculation Above

please do the need ful

Is there is any excel chart for this will do for me

When will the results for November 2008 Ca inter be declared ?

Respected Sir/Madam,
I am a student of CA.I'm going to give my pcc exams on May-08. I want to do other course along with my CA. can u please suggest me some course.I'm also doing my articleship along with my CA course.Will it be possible to do any other course along with CA.

Thanking You

ABC ltd. purchased an ERP package from Xyz in the year 2008. Entire package has 10 different modules like pay roll, accounting (for financial Accounting) stores, merchandising, job-work sales & stock accounting etc. Each module will take at least 6 to 8 months to customized & developed different reports. Vendor is customizing the different module one by one. On the completion of one module he takes up next module for implementation & customization. Vendor is customizing implementing different module with the help of his team of 4 persons & with the help of staff members of the ABC ltd.
Vendor’s billing pattern is as follows:-

i) One sales invoice he raises for complete ERP package and charge the Vat &/or CST accordingly and;
ii) Another monthly bill he raises for the implementation & customization of particular module.

My query is that:-

(1) Should the ABC ltd. capitalize the customization & implementation monthly bill
or treat it as the revenue expenditure.
(2) Should it capitalize the software module wise & claim the depreciation accordingly since the individual module can be put to use independently also.
(3) Should ABC ltd. capitalize the fist bill as “SOFTWARE WIP” till the entire package gets customized because the package will be fully utilized after the lapse o 3 to 4 years

DEAR EXPERTS,

our company want to issue form 16 to employees, as the time limit is only 2.5 months so we are requiting employees to declare there details for form 16, eg. rent paid, 80 c deductions, i want to know the required documents to be collected from the employees before issue.

THANKS AND REGARDS
PAVAN KS

Dear All

I am presently working in an Australian MNC company. The Company has fixed same basic salary for all the employees ie.some employees are getting Gross salary of Rs. 15000/- and some employees are drawing salary of Rs.50000/- or more. But the company has fixed basic salary of Rs. 6500/- for all the employees.

Please let me know is there any hard and fast rules for fixing basic salary for calculating TDS on salary. Because i have calculated TDS on salary of all employees fixing Rs. 6500/- as basic and others as allowances. If there is any legislative problem in this kind of salary structure then plz let me know.

Thanks & Regards
Naveen Sharma

Dear Sir,

Our company is doing local as well as export sales of garments. When we apply for vat refund for export sales, sales tax authorities claiming that they need consumption details related to export & local separately as well as stock figure also. But we didn't maintain separate records for the same. Is there any simple procedure to claim for the same.
Thanks.

i have joined my atricleship traininig from september 2,,but in december 3 i have terminate from my ongoing firm ,,,during these period of three month i have taken a leave of one month, now till now i haven't found any article ship training ...and my attempt is on may 2010,,do i be eligble to appear in may attempt,, if not what should i do plz ans this question...