Expenses (Lease Rent) along with Service Tax accrued in Oct~Dec’08 but paid in Jan~Mar’09. Whereas company did not have taxable income in Oct~Dec08 but It has 50% of revenue from Taxable Services, can the company claim set off of 50% of aforesaid service tax amount in Jan~Mar’09 (since set off of service tax is claimable in the period during which payment is made)

Also can the company carry forward Service Tax incurred on Lease Rent capitalised (during construction period) for set off against future taxable income (though it may provide exempt service in the interim period partly or fully)

sri,
please clarify that whether the account settlement with vendor shall treated as payment or receipt for payment of service tax. ex i provide service for Rs 100000 and ST Rs. 12360 and the purchase of Rs 60000 than whether i suppose the Rs. 60000 receipt for payment ST.

pls clarify with support of laws.

if i being an indian co deduct the tds of a foreign shipping co. the tds return requires PAN of deductees to be furnished. i do not have the PAN of this co or say the Income Tax no. the co has given belongs to their country. How do i file the tds return?

Hi,

The exam notification for JUN-2009 says that we can apply for the exams online using http://icaiexam.icai.org/ adress.
However, the website is asking for User ID.
Where can I register to get the User ID.

Regds,
Hari

..Hi All

Can anyone explain me that in case of a pvt. indian company,from which place the company can file itz income tax return either from itz registered office or frm itz administration office..is any compulsory thing is there..???? ..if it is plz gv reference of section

Can we initiate the registration process for an LLP now i.e making name application and other formalities. i m askin this as LLP will commence on 1-4-2009 , so can name application be made before that date.

Our Company have three mfg units.Can revaluation of F/A be done in one unit only?If Yes, what should be the accounting treatment when one asset tranferred(revalued) to the another unit.

The co is adopting SLM method.

for example: GB 100000, Accumulated dep 19000 NB 81000
Revalued Rs. 120000 and transferred to another unit

my query is whether the changed definition would apply to entire unit or to its part(if any).How we will compute the income of an entity AOP (trust) which was earlier taking exemption u/s 11 inspite of being one of the sub unit was carrying commercial activity

While registering for PCC, the students were told that they will be eligible to appear in the final exams only on completing three and a half years of articleship.

However, in pg-5 of Chartered Accountant-Student Newsletter for the m/o. feb 09, Mr. U P Agarwal, the then Vice-President & current President has written that "removing the discrimination for final students to appear in the examination by enabling all the final students to appear during the last six months of their practical training".

This point, though, seems irrelevant for the PE-2/final students as they are eligible to appear in the last 12 months of their training.

My query is that is this applicable for PCC Students also? Are they eligible to appear in the exams in last six months of their articleship?

Please solve the query and if possible give references.

Thanking in Advance,
regards,
Arjun Hariharan
CA Final

for how many times a return can be revised and what is the time period