SIR
PLZ SLOVE MY PROBLEM

IF I HAVE DEDUCTED TDS U/S 194J DT.03-10-2008 BUT NOT DEPOSITED IN GOVT.A/C UPTO DT.4-12-2008.WHAT PERIOD SHOULD BE COUNT FOR WHICH INTEREST WILL BE PAID.
PLZ GIVE ME THE REFERENCE OF CIRCULAR/RULE

THANKS

There is a Trust which makes Long Term Investments in MUF.The Company purchases the units at a premium. What is the accounting treatment for the premium paid on purchase of Investment? Should it be added to the Cost of the Investment(AS-13) or should it be amortised over the life of the Investment?Plz reply

Thank U

is Depreciation can be adjusted with share application money when in last few years no depreciation has been charged and company has no Retained earnings. (and also if company take the court approval to do so).Advice us.

wether keyman insurance policy shall be allowed for two or more persons?

I have taken up a loan in my name to extend the home ( owned in the name of my spouse). So, whether i could take benefit of interest paid on housing loan in my return or not? Because as per one decision given by CIT in case of S.M.A.Sidiqque v/s. CIT (1984)148 ITR 307(Mad.) that one can claim interest on housing loan taken in his name eventhough the house for which loan taken is owned by his wife or children.

Hallo Expert,
My organisation is paying Rs.650/-P.M as Leave traval allowance to each employees ,problem is that we are not giving exemption to employees, this allowance is adding in the income of employees but emloyees are saying if they submit bills of travel in the office then they can get exemption or not.and what is the saction for exemption and how much amount will be exempted.

Thanks,
Rahul Rana

critical analysis about entry tax and its abolishion

Sir,

As preliminary expenses is written off in 5 years, my question is as our company has shutdown its operations how to treat preliminary expenses now i.e what is the entry we need to pass pls let me know

Dear Friends,

We have in our company security guards on retainership basis with agreements of one year, renewed every year. They are raising monthly bills on the company on which company is deducting TDS @ 10% considering as professional service.

We also have separate security agency providing security personnel. This agency raises bill on the company on which TDS is deducted @ 2% on Contractors.

Can we change the TDS on bills raised by security guards from 10% to 2% now. If yes what is the process to be followed for change of TDS % from higher to lower rate. This must have happened just due to a error.

Thank you,
Nitin Surve

HI

Whether the closing stock will be shown only outside the trail balance or it will appear inside the trail balance if the closing stock will appear in both the places then please tell me the situation and also whether we are passing any entry for closing stock