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

We are mfrs. in AP. we have filled mar'08 return along with 200B in april'08. After filling of march return we have come to know that some of purchase bills not accounted and then we accounted in the month of feb & Mar.(Vat Purchases). We have taken input vat credit what ever the purchases accounted in the month of april'08 Return.

are we eligible to take credit and if not please refer the Rules & Sec. clearing.
Please advise

i have given CA final exam in nov08..i have done CS also..nw i want to do industrial training..where i can select industries....someone told me it is very hard to get IT in gud industry...is it so????plz help me out