payment of lip has been made from the bank of assesse, but the policy was in name of his wife, so can we calim this lip as deduction in her wife. Actually payment was made from the assesse's account, so is payment condition necessary for claiming the deduction.

assesse has not shown an asset in books of account while filling returns of earlier years, but he has sold the asset during the current year and has received payment through cheque, so now while calculatiing long term capital gains can he take indexed cost as the cost of acquisition ? can he do so ?

what is the procedure for cancellation of TIN

in quaterly vat return assesse has not used the input credit of captial goods, now its time of vat audit so can we claim the input credit on capital goods now ?

Sir,
If extra shift depreciation applicable for a particular fixed asset and it is running in double shift then in case of that machine running in triple shift for a particular period of time what rate should I take to compute depreciation calculation. please specify the same as I am facing the problem when calculating depreciation under Companies act

hi every one, im a CA Final (old ) student. I cleared my PE-II in nov. 2006. and regtd for articleship from 16 Aug 2007. i want to know when My 1st attempt for final shall fall due. is there any notification on 30Jun 2008 regarding Final Exam.(old Course) after complitation of one year articalship for students who clear PE II.

Dear all,

what are the maximum exemption in the following allowances

1) house rent allowances

2) conveyance allowances

3) washing allowances

4) education allowances

5) and the last is contributation to employees state insurance is it exempt while calculating salary chargebale to income tax



Thanks

Atul

One of our employees giving fake rent receipt for claim of HRA exemption of Delhi address in instead of Living in Haryana and also given on rent receipt consolidated for 6 months.

can we give him exemption on the basis of one receipt?
pls ad me> So that we can not face problem in future


baljinder singh

We have incurred expenditure on account of advertisement of Rs.95 Lac (Aprrox.) on NDTV group.

We would like to treat this expenses as deferred expnditure. Can, we treat as deferred expedniture ? If yes how many year can we written off ?

Is It ok to show as deferred expnediture as per I.Tax Act & Company act?

Pls advise me.

Baljinder Singh

Dear Sir,
We have a case relating to EOU. Let me explain my doubt with an example. Our EOU have imported goods say @ Rs.41 per $, now our EOU wishes to sell the two-fifth of the quantity of materials to another EOU. Assuming that if the price of dollar has gone up to say Rs.47 per $.

1) Whether the transaction between these two EOU can be carried out in dollar terms?
2) Whether the goods can be virtually re-exported (Purchase return) to the Original supplier in abroad only by means of paper and the original supplier may in return issue a invoice in favour of the EOU who wishes to purchase the material and the goods will be originally removed from our EOU?
3) How the transaction between these two EOU can be carried out?
Plz clarify my doubt quickly. U can also reply to me on sr.sridhar85@gmail.com!