we are a properitorship firm engaged in manufacturing of machinery. we took loan from SIDBI in foreign currency to purchase assets.on 31.03.2012 we arrrived at a loss of Rs. 18.50 lacs on account of foreign exchnage while valuing the outstanding amount in Loan with SIDBI.Loan is taken in foreign currency.

Can we claim the deduction of this loss in P&L Account or it will be disallowed under the provision of Income tax act.

Thanking you

what if we file a st return on a wrong address

Sir we want know from 1 april 2012 the professional fee charge by doctor to patient is service tax applicable or not? can a doctor Charge service tax on his Professional Fee or not

A Co. Held its AGM fr the 12 months ending 31.03.10 on 30.09.10. Subsequently for the FY 10-11 it approached ROC for an extension of its Financial Period to 18 months (01.04.10 to 30.09.11) and extension of AGM of the Company upto March 30, 2012.
Subsequently, it held the AGM for 18 months ending 30th Sept, 2011 on 10.04.12. is it valid..? what are the consequences?

An FD matures in 180 days and was entered on 1 January 2012. At the end of March 2012, how should we recognise the accrued interest. Should we recognise TDS on accrued interest or else we should recognise only accrued interest.
My question is TDS would be deducted only on 30 June 2012. So do we need pass TDS deduction entry too as at 31 March 2012.

what is the procedure for the internal audits of the hotels?
plz mention the main areas which i should have pay proper attention while auditing of hotels?

Can I revise the return for the period Apr11 to Sep11 now?

please tell me in cashflow statement inome before change in working capital should include increase or decrease in short or lonng capital or not

please provide example of computation of service tax of company which providing more than one service and also taking more than one service

I am Working in an IT consultancy Co.

It is an Service Based Industry.

I Want to Know whether the Service Tax Paid on rent can be taken as Set off.

Suppose the

ST on Invoice Issued is Rs.20,000/-
Rent( Paid ) ST Rs.10,000/-
=========
Rs.10,000/- Payable
=========

Or ST Set off on rent is not Taken i.e. Rs.20,000/- is payable as service Tax.

Please need help for the same.