What is relevent cost ? what is sunk cost ?

Under Income Tax Act, the depreciation will be calculated taking into consideration the criteria of 180 days.
(i.e. even if the asset use is only for 1 month then also we have to provide half years depre.)
Is there any provision similar to this in the Companies Act for calculation of depreciation (i.e. condition of 180days). Or can we depreciate the asset for the period it was in use? i.e. if the asset is in use for 4 months, then can we calculate the proportionate rate for 4 months?

Under Income Tax Act, the depreciation will be calculated taking into consideration the criteria of 180 days.
(i.e. even if the asset use is only for 1 month then also we have to provide half years depre.)
Is there any provision similar to this in the Companies Act for calculation of depreciation (i.e. condition of 180days). Or can we depreciate the asset for the period it was in use? i.e. if the asset is in use for 4 months, then can we calculate the proportionate rate for 4 months?

hello sir i have joined the ca course on the basis of graduation in aug 1999.but i have not cleard any of the group till may 2008.i still want to continue my ca course so i want to know that what may 2008 is my last attempt or i am eligible next extended two attempt of pe ii upto may 2009.
if may 2008 is my last attempt in pe ii then what i do to continue.

hello sir i have joined the ca course on the basis of graduation in aug 1999.but i have not cleard any of the group till may 2008.i still want to continue my ca course so i want to know that what may 2008 is my last attempt or i am eligible next extended two attempt of pe ii upto may 2009.
if may 2008 is my last attempt in pe ii then what i do to continue.

If a HUF gives the gift to Karta; will that gift income be exempt from tax for karta in his individual capacity. i.e can we treat gift from huf to karta as gift to a relative for income tax purose.

Does anyone have the format of a Fixed Assets Register? Also, pls. guide on statutory provisions relating to the same.

When we change the name & address of registered co., do we get address change certificate separately ?

I need reply urgent

Hi im a PCC article and my present client is a manufacturin concern, can somone guide me on wat Excise duty is? how CENVAT credit is availed ?and what PLA is...........Tnks

P.S: im tataly blank on tis.

Sir,

I am doing the internal audit of a listed company. It has to go for qtrly publication.

1)I want to know whether deferred tax asset/deferred tax liability should be calculated on a quarterly basis or yearly basis?
2) Can recognizing the deferred tax at the year end (31 march) instead of recognizing it in the P& L a/c for quarter end(30june, 30sept, 31st dec) amounts to non-compliance of AS 22 ?

Plz elaborate