what is the limit of cash expenditure in day as per income tax act.

pl.explain in detail

Dear Sir,

I want to know that how much time we can take extension for PPF after 15 years.

Regards

Deepak

1. A limited company was incorporated in the year 2005.
2. Two of the original promoter/ Directors resigned after the first closing of the company in the march, 2006.
3. No business was undertaken in the first closing of March, 2006.
4. No certificate of commencement of business has been procured till date.
5. The company started business in the financial year 2006-2007.
6. No Balance sheet of the company has been filed with ROC.
7. Now when the company approached the ROC for Certificate of Commencement of Business, The ROC insisted that the Balance sheets for 2006 and 2007 be filed.
8. No what are the option with the company to get the certificate of Commencement of business?
9. What are the options with the ROC, how will he proceed. Does he have the power to condone the delay?
10. Is there any other authority under Companies Act, who can condone the delay for procuring the certificate of commencement of business?

A person who has replied to my query has not answered the real part of my query, how can I get the certificate of commencement of business

what is th no. of Co. audits a CA can pursue under Cos. Act?
and what is the over all limit of audits under ICAI guidelines?
is it 30 or 45??
me fultoo confused
plz elaborate
thnxz

Dear sirs,

Can any one help me in solving the problem.The problem is as follows:

Indians working in the foreign locations drawing salaries both in foreign locations and India. The pay stucture is subjected to income tax in the respective foreign locations. But the actual problem is here..
Does Salary (in this context referred as NSP-Net Saving Potential) paid in India to the employees working in foreign locations is subjected to TDS?
If yes, please mention the provisions of the Income tax act.

Can unabsorbed Depriciation be written off with Salary income as it is not considered as Business Loss?
and is it allowed to be carried forward for indefinite period of time?

As we have entered into a contract with canadian company for purchase of some spares, however, it remain unexcuted as on 31 march 2008.

So, we are showing it in the capital commitment amount in our note of account, my question is that at which exchange rate we should value the capital commitment - whether

exchange rate declared by excise and custom department on monthly basis.

or whether rate declared by R.B.I. on day to day basis.

Or in short, what AS-11 say in this regard




please refer some documentaty evidences in this regard also, if possible.

thanks

SIR

WHETHER VAT IS APPLICABELE ON PACKAING & FORWARDING CHARGES

Hi! Dear All,

Can any one please tell me the rate of Excise Duty and Karnataka VAT chargeable by a manufacturer under excise on Note Book / Desk Top Computer. Please provide the relevant Notification numbers also for supporting.

Thanks & Regards,

Venkat

Can a company book expenses in current yar against bill which relates to previous yr and also dated to previous year but not booked in that year?