how we can verify the pan of our contractor, professionals & others. please send me the pan verification utility if someone have.
we know the one procedure from income tax site pls tell the other way.

A solar heater is to be used in the company's guest house. Is it to be treated as Plant & Machinery (or) Furniture & Fittings?

Respected All,

What is the meaning of Opportunity Cost? ple give detail answer with example.
Awaiting your valuable reply.
Mail id: rsjinde@rediffmail.com

whether service tax paid on bank lc commission can be taken as cenvat credit for paying excise duty

I have cancelled CT3 Form of Air Compressor.. Now I have applied for new form in respect of same goods.

Am i eligible for fine??

If yes what is the procedure to pay fine.

I asked Customs Ppl, they suggested to pay through TR6 Challan.

Can any one please let me know the procedure??

hi everybady
i am here trying to know the income tax rates for the a.y. 2008-09 for all tha assessees.
help me if you can
thank you

Can anyone tell abt companies bill 2008 in breif?

In preparation of accounts related to foreign branches which exchange rate should be used with regard to:-

a)fixed assets

b)depreciation

A partnership firm has a taxable short-term capital gain of Rs.100,000 during AY2008-09. The firm shows a sale of asset on 31.03.2008 to one of the partners: W.D.V. of the block of asset Rs.300,000 and sale price of part of the asset Rs. 50,000. The block of asset exists. The firm sets off the short-term capital gain of Rs.100,000 with the short-term capital loss Rs.250,000. The sale transaction is not a mere book entry because the firm has received the payment from the partner which is also reflected in the bank statement. Is this Tax Evasion or Tax Planning?

Answer: No Question of STCL if the block still exists.

author : Amar
Posted On : 8/29/2008 12:42:43 PM
Tell me the provisions of Income Tax Act regarding set-off of carried-forward losses E.g. in the year in which loss under the head House Property is incurred it can be set-off against any head but after it has been carried forward, it can only be set-off against Income from house Property.


Answer: Yes U r Correct.