Kindly let me know whether Stipend paid to Articled Student (Pursuing CA) is taxable.

Sir,
One of my client wants to file his return of income for the assessment year 2006-2007. As the return filing of the above year is time barred, can it be filed now? If Yes, what procedure has to be followed?

Hi Nilesh Damji,

can be set off VAT paid on centralised purchasing with VAT payable on sales by various sales depot in various state?

We have a head office at DELHI and all purchase i.e. raw material and packing material through head office and transfer to manufacturing unit in other state and thereafter finished good t/fd to sales depot in other states.

Vat paid on such purchases can be set off against vat payable on sales by such sales depot in various states.

1. Can anyone inform me if there is any provision in UTTAR PRADESH regarding transfer of unpaid wages, salaries, bonus, incentives and other employees benifits to labour commisioner account after expiry of three years from the date of provision been provided in the books???

2. Can workmen compensation paid to employees be net of with the insurance claim received????

Dear All

How do i calculate depreciation of the assets purchased in the middle of the year according to comp act as well as IT act

And also what is the rate of depreciaiton for mobile phones purchased for staff according to companies act and income tax act

plz urgent

Hi,

One of my supplier has submitted proforma invoice in that he is caliming VAT @ 15 % . This is intra state ( Delhi and orissa) supply. They are asking based on the oral announcement.

Is it right ?

Have we received any notification or Circular related to this?

Hi,

One of my supplier has submitted proforma invoice in that he is caliming VAT @ 15 % . This is intra state ( Delhi and orissa) supply. They are asking based on the oral announcement.

Is it right ?

Have we received any notification or Circular related to this?

As per AS 26 whether preliminary expenses are to be written off immediately and not to carry over the period of years? If yes then from when it is applicable?

HI,
ONE OF MY FIREND HE IS PAYING 5000/- P.M. AS RENT AND THE COMPANY PAYING HIM HRA AS RS.3200/- .HIS BASIC + DA COMES TO RS.7375/- .HE IS IN DELHI.

LET ME KNOW THE IT DEDUCTION ON THIS PLS.

Dear Sir,

One of our Employee has taken two Separate House.
The Loan taken for House No 1 is less and it is self occupied.

The Loan taken for House No 2 is More and it is unoccupied and it is not given on rent also

Since the employee want to take the Interest Exemption and deduction of Principal on Housing Loan taken on House NO 2 since he paying more Interest and Principal as compare to House NO 1 Can he avail the exemption forthe house no 2 even though it is unoccupied not given on rent also.

Regards

Ravikiran Konda