Dear Sir/Madam,

If a particular person is appointed as a employee from February 15 and a particular firm has obtained a deduction of professsion tax of a particular month till march 14 and after which the profession tax from 15th march to 31st March is not taxable is correct from the point of accounting and Income tax Act?
Please reply at the earliest?

I wanted to know what is the scope of ACCA and CIMA for CA students...i m pursuing my CA articleship after PE II.Kindly advise me on the usefulness of doing ACCA or CIMA.is it a wastage of time as a training of 3 years is required there too apart from what i m doing for CA.

A Partnership firm has been converted as pvt ltd company under chapter IX of the companies act, 1956 on 20th October 2007. How much depreciation will be allowed to partnership firm and company.

As per Income Tax Act Depreciation is not allowed in the year of disposal/transfer of assets. Since Partnership Firm has been converted during the financial year 2007 - 2008 weather depreciation will be allowed to firm or not.

As per Income Tax Act Depreciation to the Company should be allowed for half year as Company came into existiant only on 20.10.2007.

It appears that only half depreciation will be allowed for financial year 2007 - 2008. Is it not a disadvantage on conversion.

R. A. Joshi

Sir, please let me know the exact meaning of the word "lineal ascendent and lineal discendent" with respect to gifts received under income tax act.. Does lineal ascendent include father.. grand father.. great grand father etc alone (ie father and his ancestors alone) or even mother .. grand mother.. great grand mother etc as well.. like wise lineal discendent.. pls let me know this

Will CPA degree from US will provide benefit along with CA degree?

Mr.X is working in a foreign company. He goes on ship. He has been a NRI throughout. This time when he returns on leave he doesnt go back and eventually loses his NRI status. What are the consequences?

A machine is to be repaired in Germany Amachine is to be repaired in Germany,where the supplier is located. The machine is a proprietory product of the supplier in Germany. The machine shall be despatched from Kolkata. The repair charges are inclusive of materials to be used in repair.The supplier does not have a permanent place of business or any business establishment in India. In the circumstances, please clarify whether TDS is applicable on the repair charges? Further, Whether Customs duty is payable on re-import and Service tax is applicable on the repair charges?

does anybody know good classes to learn tally 9? as getting jobs without this is a big probleeeeeem

I want to know that whether I can create the HUF Account
Status of our family
My Father having Three Sons. My Father is already having HUF account. I am the second son. I am also married and having a son. So can i create a HUF account having my wife and son (minor 3ys age) OR On what circumstances Can i create HUF Account. I met two persons.
One says you cannot open a HUF account as your father has an HUF account opened.
Other Says that As you are married and having a son you can open a HUF account.

Please Guide Me

Regards
Rajesh Nagda
(rajesh.nagda@gmail.com)

hi,
One of my client want to purchase a running rolling mill(PVT. Co.) in west bengal. I want to know wheather the purchaase shall be made on valuation of individual assets and liablities or purchase the whole shares and the advantages /disadbantages in both the proposal.