Whether a company entitled for deduction u/s 80IA can claim the same if it shows the rent income from leased property under House Property Income and not under Profits & Gains from Business and Profession??

There is a three asset in one block (Plant A,B,C)worth of Rs. 6 Lakh.Plant A has been sold for Rs.8 Lakh so difference of Rs.2 Lakh is a Short term capital gain and the W.D.V of that block is zero.After few years ,Plant C has been sold for Rs.3 Lakh,whether this amount is to be treated as short term capital gain ? Explain the tax implication of Rs.3 Lakh ?

If I do registration on back date of service tax can be pay any interest or penalty on such registration

We have reimbursed Rs. 15,000/- to a newly joined employee for the transportation of his furniture from Mumbai to Ahmedabad (Last company to joining location). Will this expenses be liable to FBT?

Mr A Chartered Accountant is a director of a company named xyz ltd and he also partner of AB& CO Chartered Accountants.
AB & CO appointed as a nternal auditor of xyz limited.
In the above the Sec 314 will apply or not??
Exemption given U/s 314 to work as professional capacity can enjoy by AB & CO or exemption is only applicable to individul capavity?

pls clear my doubt??

Our company have formulated a scheme for sales performance in respect to Pharma product. Two sales personnel are eligible to get incentive for the first quarter of FY 2008-09

(1) Please clarify whether this will be treated as FBT taxable allowance or FBT exempted allowane.

(2) I understand that these incentives will be included for the purpose of TDS on salaries and allowances of concerned employees. Please confirm the same.

I HAVE PASSED ONE BOARD RESOLUTION FOR PRIVATE PLACEMENT IN SHARES OF OTHER COMPANY IN JAN 2006

DO I HAVE TO PASS THE SAME AGAIN AND AGAIN WHEN IN AM APPLYING FOR PRIVATE PLACEMENT

PLEASE CLARIFY.

IN A.Y 2007-2008 MY NORMAL TAX AMOUNT IS 1000 AND I HAVE PAID MAT RS. 5000.00

WHAT WILL BE THE CARRIED FORWARD AMOUNT OF MAT CREDIT

SECONDLY IN RS. 5000.00 (SC & EDD CESS) IS ALSO INCLUDED . WILL THESE BE ALSO CARRIED FORWARD AS MAT CREDIT

THIRDLY ANY ENTRY IS REQUIRED IN BOOKS AS PER ACT FOR MAT CREDIT

I REQUIRED FOLLOWING FORMAT OF BOARD RESOLUTION

1 RECEIVING OF DIN2 FROM THE DIRECTOR AND SUBSEQUENTLY FILLING OF DIN 3 WITH ROC

2 PURCHASE OF PROPERTY AND SUBSQUENTLY RENTING IT AFTER SOME MONTHS

SUMIT

hello Sir,

I want to know if i can claim cenvat credit on excise duty paid by me to the second stage dealer?