There was sales tax defferal scheme in maharashtra. According to that sales tax will be deffered 4 next 10 years. But govt announce tht asseesse can pay sales tax in same year after allowing some discounting factor. So compnay paid st in same year availing discouting factor. so there was a gain to company which is recognised in same year and accordingly taxation is done. but department is of opinion tht this recgnition of income should be defferd for entier period. please comment

while providing event management services, the gross amount (i.e. the bill amount including profit)will be the taxable amount? or say some percentage has been charged on the amount of different services rendered (under the head Event management) as commission and this commission amount is only the taxable amount on which service tax is to be paid?
kindly clarify the above query.
your kind assisstance would be highly obliged.

deductibility of prior period expenses under income tax act.is there any particular section which speaks about disallowance of prior period expenses?

The company is a IT Company. Main Business activity is computer hardware / software trading . Now it wants to trade in shares / stocks/ derivatives.

Please advice :

01. whether we have to make amendments in the main objectives in the MOA .
Or,
02. According to clause no.12 &13 of ancillary / incidental to main objects & clause no.24 of other objects (where it has been mentioned that the company can buy,sell, deal in shares, stocks, securities etc.), without any amendments in the MOA we can do this type of business.

Further I just want to know what is difference between main objectives, ancilary/incidental objects & other objects in a MOA.

Your immediate reply is highly solicited.

Dear Sir,

I am working as accountant in STP unit, (100% EOU0 bangalore,

We have obtained the Letter of Permission from STPI for renewal of PBWL in September 2007 and the same has to be submitted to customs for renewal they give the validity up to 31/12/2008.

Now we have to apply for licence renewal to customs dept, whether we have to take a permission for no objection from STPI ?

or

We can directly apply for licence renewal to Customs dept with the Letter of Permission issued by STPI to us in last year ( noramally LOP is valid for next Five years fron the 5/9/2007) ?

Pl. advice me.

Thanks & Regards,
CHIDANANDA K R

Mb. No: 94493 46445

Are the Days required for the below mentioned Training during the Articleship reckoned as Leave Taken by an Articled Clerk ?

1. ITT Training
2. GMCS Training.

Kindly, substantiate your reply with relevant applicable Chartered Accountant's Regulation.

Thanks in Advance.
Regards,
Priyanka.

IS PRIOR PERIOD EXPENSES DEDUCTIBLE UNDER INCOME TAX ACT.IF NOT, UNDER WHICH SECTION IS IT MENTIONED?

I am going to appear in may 2009 for PCC.
I registered my self for 100hrs IT training for August batch. the ITT is not yet confirmed.My many friends are also facing the same problem.

so i just want to ask that is there any provisons available in Chartered Accountant Act, 1949 so that we can do ITT after appearing in PCC may 2009?

Please reply me as fast as possible....

i m fresh qulified CA

tell me about how can i improve my communication Skills

thanks

i m a fresh qualified CA

i want to improve my communication skills

tell me plz how can i improve my communication Skills