The Partnership Firm is disolved in the month of June 2007 and the proprietory firm has continued the business that is the remaining only partner has. the question is depreciation is allowable how? that is for first 3 months will be considered as less than 180 days as per law and dep allowable 50% of the rate and for 9 months consider as more than 180 days however in total not more than 100 % dep rate in both the part that is in the hand of PF and in the hand of Prop. firm subsequently. so my mean to say depreciation is allowable 50%50% in PF and In Prop. firm during the year or other view? please guide me urgently.

For Example for removal of doubt in quary
WDV on 1.4.2007 in the hand PF 10000
Less: Dep 7.5% for period
1.4.2007 to 30.6.2007 till date 750
of Frim Disolved
WDV on 30.6.2007 9250
Dep For 1.7.2007 to 31.3.2008 750
in the hand of Prop. firm or 644

ie., 7.5.% of 9250
please guide

Hiiii, I hav tkn trnsfr & submittedtransfr form i.e. FOrm 109 & Form 103 on 29 jul 2008. Since then I havnt receivd any letter of confirmation of trnsfr from them. and also I hav tried to call at ICAI Vishvas Ngr. but they didnt attend the call. So wat shd I do.........????

An employee working in a Public Limited Company which have branches all over in India. Each branch has separate TAN Number and they deduct taxes & paid accordingly.

My question is :
During the financial year 2007-08, an employee working in Tamil Nadu branch for few months and rest of the months are working in Delhi branch. In such a case, how to furnish this employee information (Gross salary, deduction u/s.10 and 80, etc.,) in Annexure II in Form No.24 for fourth quarter.

Please clarify whether we have to furnish Form No.16 information for that employee in Delhi branch Annexure II only or we have to furnish Annexure II information for each branch for his working period separately.

At what rate TDS will be charged on Salary and what should be the minimum Salary?

Is there any penalty, if you submit a ITR (return) without signing it?
If yes, then of how much amount.
If no, then what will it be?

bad debts recovered in the hands of sucessor from a disconitnued business r exempt or not.

Can Compliance certificate can be issued by a C.A.?

EXPENDITURE ON FIRMS OPENING i.e. vastupuja expenses caterring and mondop expenses is liable for fbt if yes under which section

I started my articleship on 15th March,2007. At that time I was pursuing B.com. My office timings was 01.30 to 07.30. But now my graduation has been completed. Is there any need to intimate the CA Institute about change in office timings.As per the announnecment of the CA Institute I have not under provision for filling form No,. 112. Now What should I do about my timings?

Dear Experts,

I have a doubt about payemnt of TDS.

As per the Act, TDS to be paid before due date ie 7th of next month. If i paid by cheque/draft before due date but cleared after due date.

Whether it will come under delay in payment? can u give your expert opinion with Circular reference.