CAN ANY ONE TELL ME WHERE CAN I GET THE FORMAT OF ANNEXURE 1 & 2 & FORMAT OF 3CB & 3 CD THAT IS ATTACHED ALONG WITH BALANCE SHEEET?GIVE SOME NET OPTIONS ONLY?

A Firm has charged certain expenses in its Profit & Loss Accounts on accrual basis. But payment is not made in that year so as per sec. 43(b) of income tax act. these expenses shall be disallowed so in that year, is it Deferred tax Assets/ Liability.

Whether expenses incurred on Staff Uniform in the Hotel industry is liable for FBT.

Hi ! Friends, can any one tell me that one wants open a business in Faridabad (Haryana)of property, finance and other Services Providing. So what Liabilities will be creat for him and is he liable for any type registration in Properietorship manner, and where this regist. will be. Send me comp. procedure.

Dear Sir,

SUPPOSE A PARTNERSHIP COMPANY DEVELOP FACTORY AND LET IT OUT THE FACTORY TO OUR SISTER CONCERN WHICH IS A PVT LTD COMPANY FOR MANUFACTURING OF TOOLS DIES AND PUNCHES THE RENTAL INCOME WHICH THE PARTNERSHIP COMPANY RECEIVES MONTHLY ON ACCOUNT OF LET OUT WILL BE TREATED AS INOCME FROM HOUSE PROPERTY OR INCOME FROM BUSINESS AND PROFESSION

PLEASE GUIDE

REGARDS

RAVI KONDA

1. how the limit of Rs.40 lakhs is applied to attract tax audit in the
case of commodity derivative trading through approved broking house on
screen based trading ? i mean only cash settlement on expiry of future
contract.
is it the difference between the total purchase value and sale value
as per the contract notes ?

2. the contract note indicates notional value of total contract
running into lakhs, where as funds invested as margin is only 5% to
10% and brokers updates the account by m to m on daily basis, in which
case how to maintain books of accounts where relevance to the actual
figures not available.
3.whether the profit/loss from commodity derivatives trading is to be
treated as non speculative business income and can it be set off
against profit/loss arising from stock derivative trading ?
grateful if u can kindly clarify at the earliest
regards
gnk kumar

If we have income from operation in business is Rs.10 Lac & income from sale of asset is Rs.50 Lac, then is it necessary to get audited u/s 44AB

Sales tax payable is liability so why this include in Sec 43B, if it is a liability then there is no question of allow or disallow

Dear friends,
A co operative bank incurred gross business loss during the year.
The bank consistently reverse the opening provision for bad and doubtful debts and create new provision on 31st march every year.
Whether deduction under section 36(i)(viia) can be claimed
(i)upto the amount of provision created during the year or
(ii) upto the difference of amount debited and credited to profit and loss account?
Thanking you in advance
Prasanth

This is with regard to 205 1A of Dividend distribution.

The language of the provision is very plain, as it does not throw more light on the matter.

Here is a practical case in which a public but non-listed company (i.e.closely held company)wants to distribute dividend to its 6 shareholders.

It is very clear that, the public at large is not interested in the company.

The problem I encountered is regarding a seperate dedicated dividend account.

Is is essential for company to route the payment through this account?

please help!!!!!!!!!!!!!!!!!!