one company doing transpot business on contract basis, When they got contract for sending goods it make sub-contract against contract for sending goods to destiy with lorry owner and for which it become mentetory for him to make payment in Cash to driver for petrol and fro other expenses and after wards they have no contact with party and further he got lorry which is available at the time of sending the goods which is chipest.

Here many time the payment made to driver exceed 20000

whether it is disallowe U/S 40A(3)?
Whether it cover under exception under rule 6DD as tradition of the business?

A CO X IS IN THE PROCESS OF SETTING UP A NEW RETAIL OUTLETS. THE FEES OF THE LEGAL CONSULTANTS/ARCHITECTS/CONTRACTORS PAID HAS BEEN CAPITALIZED IN THE CWIP unless the sale at the outlet starts. now the amount remained in the CWIP & capitalized in 2007-08(on starting of the sales). the company did not deduct tds on the professional fees/contractual payment(rs 25,00,000 being capitalized). now in 2007-08 co. claims the depre on the capitalized amount of rs 2500000.

should now the exp(i.e dep)be disallowed. if yes than the amount of dep should be disallowed every year co. charges dep on Rs 2500000(since wdv method in I.T act 1961 the asset will never bcum nil)

is e-filing is applicable to all for AY 2008-09 or to certain section only if so please give me the details

Dear friends,
I am a CA Final student, interested in taking share trading as my career option. First of all I want to know whether it is preferable to take this as a whole time job? And also tell me how to get start with this since I am a beginner.Please give me important weblinks.

Thank you.

how to incorporate bank interest earned from foreign bank a/c which is not shown in the books

A COMPANY IS IN THE BUSINESS OF THE RESTAURANTS/FAST FOOD OUTLETS. WHILE MAKING PAYMENT FOR CONSTRUCTION/INTERIORS OF STORES/SHOPS IT HAS NOT DEDUCTED WCT UNDER DVAT ACT BUT DEDUCTED TDS UNDER INCOME TAX ACT. DOES NON DEDUCTION OF TDS HAS ANY DISLLOWANCE/LIABILITIES IN THE INCOME TAX ACT.

hi 2 all
i want to ask (URGENT)
if a forgein agency refer patients to an indian hospital??

then
what is applicablity of tds , service tax and double taxation aggrement???


what type of this service is called????

Actually i am a mutual fund advisor and i am receiving commissions from a number of asset management companies of mutual fund, and while crediting commission amount they are deducting some amount of service tax on it.

actually i want to know whether i can take refund of service tax by submitting my incmetax return.

i am also working for a broing firm and getting salary.

is there some change in tax-implicatons while showing my this mutual fund income as other sources income and main stream income.

sushil bajaj

A firm prop. working as export house for the last ten years. firm owns machinery, land and building.Land and building is in the name of proprietor but shown in balance sheet and depreciation is beig claimed. now a new company has been formed to take over the business of proprietorship firm.what issues to be kept in mind and how to proceed. Please guide.
thanks,

IF MR X INTRODUCES HIS VEHICLE PURCHASED BY HIM 3 YRS AGO FOR RS 5,00,000.00 IN HIS PROPRIETORY BUSINESS WHAT SHOULD BE THE VALUE OF THE INTRODUCTION. ALSO IF THE RATE OF DEP AS PER THE I.T ACT IS TO BE APPLIED THAN SHOULD WE CONSIDER THE 182 DAYS CRITERIA.