please suggest me important chapters or portion for industrial labour and general laws .. and also for company accounts and auditing paper..

i am a proprietor, produce and provide software to my foreign clients as well as indian client as per their requirement and web designing too

is production of software n selling of such software, vat is chargeable or not..???]

The assessee holds a manufacturing unit within Falta SEZ since 2006 and has been incurring losses since beginning and finally the unit was closed down in the year 2011.

Although the unit was within the FSEZ and eligible for 10AA exemption the same was not availed and unit has been allowed to carry forward the lossess including depreciation allowance to the tune of 600 lacs.

The unit has since being acquired by the another company which is also engaged in export business. The acquirer plans to sell out the existing plant & machinery relating to particular product manufactured earlier and instead is in the process of setting up the new plan at the same factory premises.

The acquirer would like to merge the acquired company with itself.

The query relates to the following:-

1. Whether the carry forward loss consisting mainly of unabsorbed depreciation allowance will be allowed to be adjusted with the income of acquirer.

2. The merged entity was although eligible for exemption u/s 10AA, opted to not to avail the same and therefore business loss allowed to be carried forward and assessed as such can be adjusted with profit of acquirer having taxable business income from various other units.

Dear members

One Mr. A Who is a Proprietor of ABC & Co in India, he went to Foreign country for attend a Exhibition.

This situation He Can claim the traveling expenses?
If He Claim what are the Supporting Documents should produce for the Income tax?
How Can he compute the Indian Currency value of the Foreign bills and others?

Kindly help me

If a CA having COP and he is working with the existing practioner CA, and he is getting professional fees not salary, whether the CA has to surrender the COP or not.
And whether any concept of full time practicing CA and part time practicing CA. If yes can anybody give info on that.
Plz answer my query asap..

We are auditors of Reserve Bank of India.

They make brickels of mutilated notes and sell them as scrap.
Last time they sold them for amount around 170000. The income of the buyer is falling below the exemption limit.(declaration has been received from buyer regarding his income)

My querry is that:
1.Wether RBI is required to collect TCS or not.
2.Wether brickels of mutilated notes fall in the definition of the scrap.
3. Wether RBI falls in the definition of SELLER in case of sell of such scrap.

Sir,

My articleship commenced from Sep 12 & I want to quit CA due to personal reasons & join in IT companies. My questions are:
1) Which form should I submit? after submitting the form can I join the companies immediately?
2) In future if I wish to continue CA, can I allowed to complete the remaining articleship periods or I have to start with beginning?

Want to know about applicability of TDS provisions on payment of loading and unloading charges, which also inlcudes freight.

Sir,
Assessee wants to purchase Agri. Land, situated in a village , of Rs. 60,00,000/- situated between 2 to 6 kms from the local limit of Municipal Council.
Population of the village is Less than 1 Lakh.
So please let me know whether TDS is to be deducted or not..?

& what if the Population of the village is more than 1 lakh and less than 10lakh.?


Thanx in Advance.

Dear Sir/Madam,

One of my clients wish to obtain certain services from a Non Resident Individual stationed in Spain. Can the amount being paid to such Non Resident be treated as Royalty or is it Fees for Technical Service. What is the rate at which TDS is to be done?

Reply will be heartily appreciated.