Dear All, I'm preparing accounts of a company which is incorporated in the year 2012 but now it has established it's business and having preliminary and pre operative expenses. My query is how should i recognise it in the accounts as per applicable Standard... Please help.
Answer nowTransfer of goods by way of hiring, leasing, licensing or any such manner without transfer of right to use such goods. please anyone give some examples for this statement. thank you
Answer nowWhether penalty paid for service tax is disallowed under section 37 if not why?
Hi.. My uncle wants to file for return of income this year. He had file his income tax return some 10years before later on he didn't do.. and his income is below slab limit. For interest from FD he s submitting Form-H to bank every year.. now should I file earlier two years return also or can file only current year..if I can then do I need to register his PAN once again.. How to do ..
Answer nowDoes more no of attempts in CMA affects the salary after qualifying the final exam ?
Answer nowan lic agent who get commisioin greater than rs . 60000 can he get benefit of section 44AD , with decelered his income 8% of total reciept commission ?
if he can not use section 44AD ., is compulsory audit and keep books of acount ?
I have two residential flats. one is closer to my office where I stay with my family and in another flat where my parents are staying. What will be the Income tax effect of both the flats. Will Notional rent has to be considered or not?
Answer nowDear Sir there are two issues 1. Car is given to the company for use 2. Loan and interest on loan of car are paid through income of the director. i.e. not paid by the company now my question is 1. car given to the company can be said transfer in the meaning of S.2(47) of Income Tax Act, 1961 for capital gain purpose. 2. will company be allowed to claim depreciation on the same on the basis of Usage by company please help
Answer nowDear sir, please tell me that how can i change tan no. in tds challan which i deposit by net banking and how many days
Answer nowHi sir,
I had file a income tax return for the a.y 2015-16, in which arrear for last 5 year is received approx.4,00,000/- rupee... And I had calculate the relief u/s 89 for Rs. 32000/- and claimed in incometax return but when I received intimation u/s 143(1) they imposed tax on income 9,00,000/- as total income relating to 2015-16. And I did not received any refund from income tax.
What I do now? Please help.
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Treatment of preliminary & preoperative expenses