WHAT RATE CAN APPLY ON PRINTER FOR DEPRECIATION AS PER COMPANIES ACT.1956 AND AS PER INCOME TAX ACT.1961
PLEASE REPLY ME.

INSURANCE TAKEN FOR THE EMPLOYEE FROM FEB'08 - JAN'09.FOR CALCULATING FBT CAN WE TAKE THE WHOLE AMOUNT(INCLUDING PREPAID EXPENSES).OR ONLY A PART?

We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.

Please advise the applicability of the VAT on the said transactions across India.


Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar

Private limited company-closely held has created one trust for the purpose of ESOP.

Do this trust required to be regitered under Income tax Act,1961. If yes, under which section it needs to be registered?

Also please furnish any more information on above subject

Perqusite to the extent exempt for employee is attrcts FBT or not?

Medical Reimbursement is applicable for employee's family i.e. his father, mother , brother , spouse etc.
If both father and son is working in different organisaion and medical reimbursement on the basis of same bills as photocopy of bills are presented.
Is it right or not.
If not how can it be avoided????

sir, i am dealing in purchase and sales of shares on delivery basis. if my sales exceeds 40 lacs then i have to audit. we have received three statements from our broker 1) contract notes 2)profit&loss account 3)ledger . by providing all these statements to my CA, audit will be possible or not. i know audit is neccesery of all all the above three statements but regular books as a businessman prepares ,how it can be possible in our case when we have only above three statements. pl carify.

When some services rendered by a unit are subject to Service Tax and separate accounts are not kept for each service, then how will be treatment for taking CENVAT credit? Please reply as per latest amendment of 2008.

Whether Medical facility other than Reimbursement up to Rs. 15000/- i.e. ( in emplyer's hospital or any other hospital u/scheme CGHS attracts penalty?????


Regds/
Anil Jain

sir, i am dealing in purchase and sales of shares on delivery basis. if my sales exceeds 40 lacs then i have to audit. we have received three statements from our broker 1) contract notes 2)profit&loss account 3)ledger . by providing all these statements to my CA, audit will be possible or not. SIR SOMEONE TOLD ME THAT YOU HAVE TO PROVIDE ONLY THREE ABOVE STATEMENTS AND NEED NOT TO MAKE ANY ACCOUNTS PL CLARIFY WITH ALL THE ABOVE THREE STATEMENTS ACCOUNTS MAINTAINCE IS NECCESERY OR NOT?