Hi guys,

I have one quey, if any of you can please help:

We have constructed an asset in say 1998, for say Rs. 75 lacs, there was a dispute with the contracter regarding the cost of construction. The case was taken for arbitration and consequently in 2008 final decision came up, and we have to pay 10 lacs to the contracter for the asset alongwith Rs. 10 lac as interest. In total we are paying 20 lacs. Rs. 10 lac paid against cost of construction to the contracter will be capitalised (no doubt ). The question is regarding the treatment of Rs.10 lac paid as interest. whether it be capitalised or taken in P/L? How and as per which AS?

Thanks and Regads,
Padma

Dear sir,
As per notification of CBDT dated 13 march 2008 E payment is compulsory for Specified persons.
Is e filing is compulsory ?
please quote the appripriate Circular or notification.

what is debit note and credit note
and how and why are they issued>?

Dear sir
Are there any rules for where to file ITR.
I have a query, my brother works and resides in Pune but the address on his PAN card is of Yavatmal (Maharashtra). So whether ITR should be filed in Pune or Yavatmal. If we put the temporary address of Pune on ITR then can we file the ITR in Pune or it should be filed with address of Yavatmal in Yavatmal? Where is the cheque of refund received, either on the address mentioned on the ITR or on the address of the PAN card.

Kindly reply on this query. If possible quote the rules under which such provisions are contained. I have asked many people on this matter but none of the explanations were satisfactoy so kindly guide me through this process in detail.

Regards,
Paresh Agrawal.

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CAN ONE TAKE SHELTER U/S RULE 6DD' PAYMENT THROUGH BANKING SYSTEM -RULE 6DD(c)

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