Hi, If a loan is taken for purchase of a capital asset ( Land), can we include the interest and other charges paid for the loan as part of cost of acquisition and calculate Short Term Capital Gain accordingly?. The land is taken by an individual assessee and the same was sold within a period of three years and hence Short Term.

Dear Experts,
If a mfg. has final product exempt from Excise duty, then:
1) what is the traetment for its Excise inputs paid on purchase?

2) What is the traetment of Service Tax paid paid on input services paid?

3)Beside adjustment of Service tax with Excise duty, can the Service tax input can be adjusted with Service tax output, and the balance /excess input service tax remaining be treated as expenses and debited to P/L account seperately?

Thnx in advance.

MY FRIEND IS ENGAGED IN THE BUSINESS OF SUPPLYING LABORERS TO VARIOUS COMPANIES. HE PAYS EPF TO THE GOVT. AGAINST IT. WHETHER SERVICE TAX IS CHARGEABLE ON THE WHOLE AMOUNT OF THE BILL INCLUDING THE EPF LIABILITIES CHARGED TO THE COMPANY? UNDER WHICH CODE OF SERVICE TAX WOULD IT BE PAID? WHETHER WORKS CONTRACT OR ANY OTHER SERVICE? KINDLY NOTE THAT THE CONTRACT PERTAINS TO SUPPLY OF LABORERS ONLY ON A MONTHLY BASIS.

Sir
i am a contractor in a company previous year company has deducted my tax around 23000 but tax credit statment show only 14000 so how can i revised it my company don't want to revise his return .
dasrath

As on 31.3.2010- cost of computers in books is Rs.35,24,566 and accumulated depreciation up to 01.04.2009 is 32,77,371.13 as per companies act. So much depreciation can be claimed in the Fy 2009-10.Kindly help.....

DEar members

Kindly clarify me on the following:

A private limted co. has got only two foreign directors and the comapny wants to hold its first AGM. But the foreign directors are not in a position to come to India now.
1) CAn appoint 2 alternate directors in their place?
2) will the presence of 2 alternate directors at the AGM constitute the valid quorum.
3) If so, who should sign the minutes of the meeting?

thanks

Can some one please provide me a file showing gud differences between Executive and Non Executive Director???????

hiiii friends

I want to do IFRS certification course,

Which one is better ACCA or ICAEW in respect of Subject clarity and value of the certificate.

Please help me out i was in big dilama.

Thanks in Advance

Company "A" invested in company "B" and Company "B" invested in a Partnership firm "C". "C" has shares in Company "B". "C" has taken loan from "B" by giving its shares as security. Now "C" is in default.
My doubt goes this way:
1) Can a share holder pledge his shares against the loan issued to him by the company?
2) If yes, can the company forfeit the shares(Fully paid up)if the Shareholder is default?
3) If yes, can it reissue the shares to Company "A"?

I AM STARTING A AGENCY WHO PROVIDES MANPOWER (PERSONS) TO ANY PARTICULAR AGENCIES FOR SECURITY WORK,CLERICAL WORKS,PEON,CHEF & OTHERS.
I HAVE AROUND 25 NUMBERS OF MANPOWER.

WHAT KIND OF REGISTRATIONS WE HAVE TO DO ?
PF,ESIC,ST.............?


THANKS