wheather non agricultural land owner can be a partner in a firm which is already enjoying income tax exemption by engaging in it in agricultural activities&if he is eligible to be a partner wheather his share in the income is exempt.

during the year our company chandged the method of depreciation from WDV to SLM. Due to this, there was a depreciation writtern back (which is more than the current year depreciation). on account of this the income (i,e writtern back) is substantial. How we should present the same in the face of the profit and loss account.

Note
The reversal is almost double the current year depreciation.
Regards
P.Mohanraj

during the year our company chandged the method of depreciation from WDV to SLM. Due to this, there was a depreciation writtern back (which is more than the current year depreciation). on account of this the income (i,e writtern back) is substantial. How we should present the same in the face of the profit and loss account.

Note
The reversal is almost double the current year depreciation.
Regards
P.Mohanraj

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Dear Experts,

Pls. explain me the Procedure to float new HUF.

Thanks & Regards

IF ADVANCE IS GIVEN TO THE BUILDER ,THEN IT IS TREATED AS AN ASSET U/S 2 ea of the wealth tax act.

Dear Experts,

Pls. axplain me the Procedure to float new HUF

We was purchase an asset worth rs.1,00,000.00
The Vendor Grant Us Rs.50000/- as a 10 installments of Rs.5000/- each

Vendor setoff this instalment amount in our bill (he provide us AMC service)

What Should We Tretment About this transaction in regard to depriciation & Book Expenses.

Dear Friends,

Kndly provide your valuable opinion of the following issue.

1. A foreign company had established a liason office in India.
2. The liason office provides technical consultancy services to the clients of foreign company who are staying at abroad.
3. The liason office do not sell any of thier services/goods in India.
4. All the funds for the maintainance of liabson office are received from foreign company abroad.

Under the above said circumstances, whether can it actually be called as liason office as per the definition provided by RBI?

Does it amount to permanant establishment in India?

Can a share holder transfer shares without a board meeting??