CA Rupesh Maitri
04 September 2007 at 14:41

Fringe benefit tax

hi friends
my query is: a company's car met with an accident and the company lodged a claim with the insurance company. however the insurance company has not accepted the claim in full. the company has written off the balance amount to profit and loss account under the head repairs & maintenance - vehicle. is the company liable to pay FBT on this amount.


subha
04 September 2007 at 13:08

preparing cpt

hi seniors iam going to appear for cpt on nov this is my first attempt iam afraid about maths please help me to get high marks in maths


F-Greena
04 September 2007 at 12:08

Accounting of Operating lease as per AS-19

If company has noncancellable lease agreement for 2 years. Lease rent for the first year is say 2 Lacs. And lease rent for next 1 year is say 4 Lac. Now as a normal prectice in the first year charge 2 P/L is 2 Lacs and second year is charge to P/L is 4 Lacs. However AS-19 requires lease rent to be charged on SLM over the lease period except it can be shown that benefit received in the later year is higher. So as per AS-19 charge to P/L should be 3 Lacs and second year also it should be 3 Lacs. Is this correct. If charge 2 P/L is as per agreement then how 2 justify


F-Greena

How 2 account Keyman insurancy policy preimum, in which out of total premium one portion goes 2 term insurance and other goes to investment. Insured is Company , however it is observed that policy is assigned in the later years in the name of Director. How 2 account


F-Greena

How 2 account Keyman insurancy policy preimum, in which out of total premium one portion goes 2 term insurance and other goes to investment. Insured is Company , however it is observed that policy is assigned in the later years in the name of Director. How 2 account


Vasudevan
04 September 2007 at 11:17

80-IA Deduction

I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.

1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.

2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.

3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.


Vasudevan
04 September 2007 at 11:17

80-IA Deduction

I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.

1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.

2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.

3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.


Vasudevan
04 September 2007 at 11:15

80-IA Deduction

I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.

1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.

2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.

3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.


naqiya
04 September 2007 at 10:49

MUTUAL FUNDS

I WOULD LIKE TO SEEK GUIDANCE REGARDING HOW TO ANALYSE DIFFERENT MUTUAL FUNDS


NAEEM
04 September 2007 at 10:34

Help me For CPT exam

I am student of CPT. I have not good preption should i go for november ?or next? How to preper CPT. Tell about good classis .






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