Our firm has revalued the fixed assets as on 31.03.2007. The amount of revaluation was tranferred to partners capital. The said firm was converted into company under part IX of companies act as on 01.05.2007. The auditor of company wants to show the amount of revaluation in the notes of companies books of account. My query is whether the auditor is correct in showing the amount of revaluation by creating the revaluation account and reducing the amount of partners capital.

Whether thare are any amendment or any new changes in 3 CD form or 3CA or 3CB applicable to financial year 2007-2008( Assessment Year 2008-2009) as compared to financial year 2006-2007 (Assessment Year 2007-2008)for tax audit purpose ?

If yes, then please provide new form 3CA Or 3CB Or 3CD, if applicable.

Please provide immediate reply.

Thanks,

Snehal

im a TYBCOm student of SIES nERUL,
i wanna no wheter form 112 is mandatory or not.

Whether thare are any amendment or any new changes in 3 CD form or 3CA or 3CB applicable to financial year 2007-2008( Assessment Year 2008-2009) as compared to financial year 2006-2007 (Assessment Year 2007-2008)for tax audit purpose ?

If yes, then please provide new form 3CA Or 3CB Or 3CD, if applicable.

Please provide immediate reply.

Thanks,

Snehal

Whether thare are any amendment or any new changes in 3 CD form or 3CA or 3CB applicable to financial year 2007-2008( Assessment Year 2008-2009) as compared to financial year 2006-2007 (Assessment Year 2007-2008)for tax audit purpose ?

If yes, then please provide new form 3CA Or 3CB Or 3CD, if applicable.

Please provide immediate reply.

Thanks,

Snehal

I have filed e-tds return but there are some mistakes so, what is the procedures filing for revised return and in what time limit

For IT CALCULATION HOW MUCH AMOUNT WE CAN CLAIM THE DEDUCTION IN EDUCATION LOAN.

IS THERE ANY DEDUCTION AVAILABLE IN TUTION FEE. IF YES PLEASE TELL ME THE AMOUNT.

tonnage tax is basically a presumptive basis of income. but is there any option as to, in 1 year, we file as per this scheme, and in the succeeding year, if regular tax practice is beneficial,i switch over to it. is that option available? and can this switching be considered?

Dear Friends,

Please Clerify

I want to purchase Share of Indian Private Limited company hold by a person residing out side Indaia(Person Resident Outside Inida)

What would be the procedure & applicability of Foreign Exchange Management Act.

The co. has paid 2 months salary to a non resident. thereafter he left the job. At wat rate should tax be deductd?
Whether as per normal slab or some other rate?