Is it necessary, that only assets(newly purchased) above Rs5000/- be carried forward, as an asset, if yes, can I have some references to it?

is ACCA is equivalent to CA of India. What will be the career prospect of ACCA in india

excise duty pay after sale or after
production

I am eleigible to appear in CA Final Exams going to be held in Nov. 08. But have not received my eleigibility certificate for Nov 08 exams yet from the institute. However i have cleared all my eleigibility exams. How can i download my eligibility certificate from the Institute's Site.

Hello friends,

I am stuck up with an issue whether TDS will be dedcuted on the advance paid to the sub contractors of the construction company ? Reply ASAP and when should TDS be deducted if contractor expenses pertaining to january are paid in march..to my knowledge TDS is to be deducted in the month of march only as the expns is ebing debited in the month of march, but what about TDS on advance given pertaining to the month of january, contractors are for work contracts

waiting for an early response, thanks in advance for your valueable suggestions.

Hello friends,

I am stuck up with an issue whether TDS will be dedcuted on the advance paid to the sub contractors of the construction company ? Reply ASAP and when should TDS be deducted if contractor expenses pertaining to january are paid in march..to my knowledge TDS is to be deducted in the month of march only as the expns is ebing debited in the month of march, but what about TDS on advance given pertaining to the month of january, contractors are for work contracts

waiting for an early response, thanks in advance for your valueable suggestions.

I have resigned / left from the company on 1st January 2005 after completing 3 years 6 months of service and i have applied for PF withdrawal recently in the month of May 2008 what would be the tax implication when i receive the money

This is with reference to sec36 of the income tax act,where an amount will be allowed as baddebt Provided it was offered for income earlier,my question is say I have a Particular asset used for the purpose of the business,its WDV value now is Rs.200000,I sell it for Rs.10 lakhs and hence i will gain Rs.800000,meanwhile what happens is the person to whom the asset is sold goes insolvent and thereby i loose Rs.10 lakh(Bad debt).Now as per Provisions of the income tax act, my income is Rs.800000 and my Baddebt is Rs.10 lakhs,can i cliam the baddebt of Rs.10 lakh even though my inome is only Rs.8 lakhs?if Yes,then the reason,(Particular reference to any case law,if any)

Jai Hind To All of CA Club Member,I just want to know which form should i use to make a refund of service tax & what's the procedure to claim refund.The company is registered in service tax & According to new notification 17/2008-service tax company can make a refund for service tax.
Plz help me
Thank's
mudit_bansal001@yahoo.co.in

Please give me some examples of the "off balance sheet items" in a manufacturing company.

Thanks.