what are the steps in formation of a HUF? And also what are legal formalities to complied with for the formation of a HUF?

hi,

any body having d latest position for above, please let me know :)

if we are software developmenrt company. And we purchase air conditioner VAt is charged on the bill.And we capitalised it to the Airconditioenr -Fixed Asser . Whether will we get set off for it?

FBT is to be paid on actual expense incurred.Now under the present regime, I need to pay fbt 15days prior to the end of the quarter.
So how do I estimate the expenses?
Also How could I arrive at the depreciation figure.
I m aware that for final calculation of FBT for the year end, depreciation for the year is divided into 4 qtrs to work out interest.
Now How could I get quarterly figure of depreciation for FBT.

can a company claim the benefit of stt rebate u/s 88E while paying minimum alternative tax?

in section 2(22)e there is law that if company give loan & advance to any concern, is income of the company. but in exception if concern company is lend money as ordinary course of business and substantial part of business is lending then not amount not treated as income. tell me about what is 'substantial part of business' and what is requirement under non banking finance company....

I want to known that whether Premium paid on Redemeeing Preference Share or Debenture is allowed as Expense in the Companies act and under Income tax act

if the company is engaged in lending money but that part is substantial.Is the company liable to register in rbi as NBFC company? my case is stand in the exception of u/s 2(22)e that is in ordinary course of business loan given to shareholder is not deemed dividend but the AO asked is the co. is NBFC CO.i said no it should be then he said it must be nbfc. so wat should i do.


thanks
bharti

the new scheme requires training for a period of 3 years, wherein the final exams can be given after completion of the said period.

Training norms for the new scheme i.e. IPCC is for 3 years wherein the final exams can be given during last six months of the said training.

If a candidate converts to IPCC, then what will be the time for his Final exams,
(as per ICAI.ORG, the articleship needs to be completed as per the deed of articles signed between the student and the principal.

Dear Friends

Please give your view

If a specified person is paying service tax on freight inward after availing 75% abatement.Can it take cenvat credit of this service tax.

condition 1: if the above situation is before march 2008.

condition 2: if the above situation is after march 2008.