Whether Depreciation on Building(Constructed and still construction going on), Computer & Printer(Used for the Project), Motor Car(Used for the Purpose of the Project) and Plant & Machinery(not used till 31.03.2008) will be charged for the financial year 2007-08 if the production of the company had not been started till 31.03.2008 as per both the Companies Act and the Income Tax Act? The work has been started after 01.04.2008.

Whether Depreciation on Building(Constructed and still construction going on), Computer & Printer(Used for the Project), Motor Car(Used for the Purpose of the Project) and Plant & Machinery(not used) will be charged for the financial year 2007-08 if the production of the company had not been started till 31.03.2008 as per both the Companies Act and the Income Tax Act?

speculation business in cases of company assess

we are geting funds from one of the investing co. by giving / discounting the bills for the certain period. On that they are charging some fixed % of commission. We accounted the said charges as bill discounting charges. Whether this transaction covered under TDS implication ? whether section 58 of the companies act is applicable ?

hi,,,,,,,,

if any body having it, then please forward it to me

A company is incorporated on 5/12/2006. The contribution from the promoters was received on 12/01/2008. E-Form - 2 for allotment was filed on 25/01/2008. AGM was held on 29/12/2007. The company has till now not filed its annual return. Now the company wants to file its annual return with year ending as on 31/03/2008. Can it do so? What procedure to be followed? What penalty to be paid?

Please inform that payment of additional fees will suffice?

Dear All,

I am Naveen Kumar Kondabathula,

I done ICWA in June 2007 and now I am pursuing CA final

Now I am in Articleship Training

I am going to give attempt in May 2009

Based on ICWA qualification, Indian Oil Corporation Limited offered me an Officer A grade Post with Basic pay of Rs. 12000 pm or Rs. 6.68 Lakhs p.a.

My articleship was started in April 2007

My aim is to complete the CA in First attempt with a rank

but my welwishers are advised to me to join in IOCl they are saying this is a wonderful opportunity for me

As all of you know if i join in the IOCl I have to discontinue the articleship so that I wont reach my aim

Now My intention is to get advises from all of you

Pls let me know is there any option to do the both with proper way

Is Institute will give permission to do the both

Is Institute encourage the same

Is there any cased like this in earlier
if yes what are they? what are the solutions for that?

Pls let me know all these things

I have no time to take a decision because If I decide to go for IOCL the last date of confirmation is 18 th sep 2008

so pls give me advise for me as soon as possible

I hope all will respond properly as soon as possible

Thanks in Advance

Naveen Kumar Kondabathula

My Company Registration For delhi Vat in September 20. But it Issued a bill in august with Vat & He also Purchase In july & August with Vat Input


Can Company Claim For Input Vat Taken In july & august &

In Vat return it not taken Input & Out put vat Before Registration

What is the Time limit for input taken Before Registration is it 30 or 60Days

1. Has STP units have to file ER-2 to the Central excise? (Notification No.24/2008(non-tarrif))

2. if yes, do STP units need to register with Central Excise also?

Is Electricity Bill of Rs 57120 paid in cash to MSED on a single day is disallowable under section 40 a 3