Dear All,

What is the kind of Gratuity (approved / unapproved)provision that is disallowed u/s 40A(7) and 43B?

In Form 3CD if we disallow gratuity provision u/s 40A(7),do we need to show the same amount in annexure related to items disallowed u/s 43B.

Thank you

Hi

Owner of Pvt Ltd company who is NRI, wants to send large amount in a company which will be used for expansion of the company. Can this be treated as non-interest bearing loan which will be repayed after 2 years? Is there a limit on how long you can have this loan going on?

Regards
Parag

Respected Experts,

I reside in Chennai and My CA final attempt is in November 2010 Please advice me on where to goin classes ..

I want to know that if my company pay money to our buyer( outside india) for rewarding the work of our supplier ( india) or contractors.

Then what entry i have to provide in my books of account for payment to buyer (outside india) in that matter

Kindly reply me as soon as possible.

My quetion is
Whether TDS should be deducted in case of Hotel Lodging if a person stays in hotel for more no. of days or a person is a regular customer of that hotel & therefore lodging expense of such hotel in the year exceeds Rs.50000 in aggreegate or Rs20000 in single bill.ASSUME THAT THERE IS NO ANY ANNUAL CONTRACT.

Please provide the ans. with examples. If there is any cerculation on the clarification of this quetion please give me the reference.

Thanks in Advance.
Ashwini

Dear Members,

Please suggest if any law compels a company to pay leave encashment to any employee resigning in his/her probation period.
Further if employee is required to serve the notice period after he resigns, then can balance leave entitlement(CL, SL, PL) be adjusted against notice period days.

Regards
Amit

Is audit compulsory for pre-primary school having only 8 children and gross receipt of only 8000/- per month in initial stage as break even point is at least two-three years.Similarly in case of newly established trader which starts generating profits after three four years.Advise.

I have a querry regarding MVAT.
A Company is engaged in Trading Gold and related items i.e. purchase and sale of gold but not in manufacturing or manufacturing related activities.

My querry is can they take VAT setoff paid on expenses like Printing & Stationery, Repairs & Maintainance, etc.

Also can they claim setoff on Capital goods purchased or they have to add the vat amount to the cost of asset and claim depreciation.

Hope you reply at the earliest.

hi
can u please tell me whr can i get changes that will affect taxation paper if im attempting in may 2010?
the changes due to the new finance act?

whether depreciation as per Income Tax Act can be claimed even if no depreciation was provided in books as business was discontinued in the previous year