if the amount of a bill partly comprises of professional charges and the rest amount is for reimbursement ,then on which amount tds willbe deducted ?

IS THERE ANY PLAN REGARDING STIPEND TO BE CHANGED?

A private ltd company which is registered in 1990 specializes in repairs /servicing &
manufacture of spares for turbines. One of the four promoters is the chairman of the company. The paid up capital of the company is Rs.2,05,000.
The free reserve in p/l A/c as on 31st march 2008 is Rs.24,00,000. The company does not have
any immovable fixed assets other than regular Plant & Machinery. The company is running its
business in a factory land & buiding on rent which is owned by the chairman of the company.
The estimated market value of this land & building is Rs.2,00,00,000. The current turnover
of the company is around Rs.1 Crore. The company has very good potential in improving its
turnover to Rs.10 to Rs.15 crores in the near future. The company is in need of funds for the
expansion. The company has only overdraft facility of Rs.75,00,000. There are investors &
other financial institutions to fund the growth but looking at the financials they shy away
indicating that the promoter's contribution is too low & the company does not have any
immovable properties

The chairman wants to transfer the land & building which is in her name to the company. How to effect the transfer. what is the accounting treatment.

A private ltd company which is registered in 1990 specializes in repairs /servicing &
manufacture of spares for turbines. One of the four promoters is the chairman of the company
as the remaining three passed away. The paid up capital of the company is Rs.2,05,000.
The free reserve in p/l A/c as on 31st march 2008 is Rs.24,00,000. The company does not have
any immovable fixed assets other than regular Plant & Machinery. The company is running its
business in a factory land & buiding on rent which is owned by the chairman of the company.
The estimated market value of this land & building is Rs.2,00,00,000. The current turnover
of the company is around Rs.1 Crore. The company has very good potential in improving its
turnover to Rs.10 to Rs.15 crores in the near future. The company is in need of funds for the
expansion. The company has only overdraft facility of Rs.75,00,000. There are investors &
other financial institutions to fund the growth but looking at the financials they shy away
indicating that the promoter's contribution is too low & the company does not have any
immovable properies.

Can we issue shares for obtaining the technical know how developed by the earlier directors

the domestic indian co. has import goods from foreign co. and for the payment of the the same the co. has taken buyers credit from domestic indian bank. and bank has tie up with foreign bank and the amount will paid by our bank directly to that foreign bank.

now indian co. have to paid interest on this credit to domestic bank. so what is the TDS rate applicable on interest paid to the bank. in addition to is there any surcharge or edu.cess

Dear sir..
I was a ca inter student,but on that time i m not passed any group..now in may08 i passed PE 2 exam..now i want to appear for ca final exam(OLD COURSE) which will held in Nov08..can i appear for this and for this wat i do..in ICAI there is no details for this...plz reply as soon as possible..its very very urgent..
Thanx in advance.

Sec.10(37)
if your urban agriculture land is compulsory acquired provided all conditions are satisfied then capital gain is exempt but if it is acquired by central or state govt. will it make any diff.

Hi Sir / Madam

I have querry regarding VAT & Service Tax.

I saw in many bills with VAT & service Tax both are mentioned, but I want to know that when it is applicable that we have to mention both the taxes in invoice.

As per my knowledge VAT will be applicable when we are selling any article or goods & service tax will applicable when we are providing any service to our client or customer.

Can anybody please tell me that VAT is also applicable on labour charges or not?

Regards
Anil

Hi Sir / Madam

I have querry regarding VAT & Service Tax.

I saw in many bills with VAT & service Tax both are mentioned, but I want to know that when it is applicable that we have to mention both the taxes in invoice.

As per my knowledge VAT will be applicable when we are selling any article or goods & service tax will applicable when we are providing any service to our client or customer.

Can anybody please tell me that VAT is also applicable on labour charges or not?

Regards
Anil

pl. solve my under mentioned quey.

if x bought a Building some year before( i.e.,01/07/05) for rs. 100000, he used this building for his self occupied residence, but later dated 01/09/07, he convert this building for business purpose.
then at what amount Depreciation will be calculated ( rate of dep. 10%)