please any one tell what is the procedure for vat registration... if you had any idea about that please send it to pratheepa07@gmail.com. thanks in advance

Dear Sir,

My Client has business of giving on hire basis Road Roller, Excavator, JCB Machines etc.All above are owned by My Client.His annual income is below 40 Lakhs.
My query is whether he can filed his returned U/s 44AE or it is considering as hiring of Machinery and comes under Income from Other Source or Hiring income under Business Head and he has to prepare P& L A/c & maintain Books of A/c? Pl. Reply

Can any one provide me Depreciation Calculator as per COMPANY ACT. THANKS

i would like to know which of the following statements are true?

1) section 220 of companies (amendment)act 2006

2) section 220 of companies act 1956.

my answer is one bcos once the act is amended it replaces the former one and latter one should be referred to .

pl help me on this question. whether i am right or wrong.

i was completed PE-II in may 2007 registered for articles on 25-10-07 continued my articles training up to apr 12 2008.with 50 days excess leave. joined with new auditor on may 12 2008. now when i will get attempt for final examination?

Dear Sir,

I have the following Queries

1) Suppose a Indian company (Trading Company only Commission Income from the Foreign Customers on account of Sale of there machine in India) Incurred Expenses on behalf of there Foreign Customers who has come for marketing the product in india and The Indian Company is acting as agent of the Foreign Company in india ( Expenses Like Air Tickets,Hotel Charges Car Hire Charges etc)
Expenses bills are raised on the Indian Company
What accounting entry should be passed in the books of Account of Indian Company.

2)Suppose the above mentioned Indian Company raise a Debit Note the Same Expenses Incurred above what accounting entries should be passed in the books of Indian Company

3) In Case of the above transaction is there Tax Implication applicable (FBT,IT and Service Tax)

Regards

Ravi Konda

Whether 40(a) disallowance as per income tax is applicable even for short deduction of TDS on Expenses? if yes is there any cases standing for that? and also the assessee if he pays the balance of TDS before the due date of filing with interest still it will be disallowed??

Dear Sir

Please Can any one tell how to do payroll Audit. Or can u forward me notes to do payroll auditing.

Naveen
Naveen_p.rao@hotmail.com

As per law if any charitable trust made some capital expenditure for charitable purpose, it will be treated as sufficient compliance for application of income for charitable purpose as per senction 11 of the Income Tax Act.

My question is whether the depreciation provided on that assets would also be treated as application of income for charitable porpose.
and if yes, would it not be a case of double befefit of an expenditure.

As per Income TAx Law, we have to apply minimum of 85% of our income in the previous year in order to claim exemption u/s 11 (being a charitable trust)

My question is What is the meaning of income over here? Is it the Surplus as per income and expenditure account or is it the total of credit side of the Income and expenditure account? i.e. of which amount we have to apply atleast 85% - 1. Surplus as per Income & Expenditure Account. or
2. Total of credit side of the Income and expenditure account.