Aryan
11 May 2013 at 11:23

Appeal

Dear Sir

My client's appeal is dismissed at CIT(A) due to non attendance.

Please tell me what to do further, whether there is any way to restore the appeal if yes then what are the procedures and process.

Thanks in advance !

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Anonymous
11 May 2013 at 11:12

Din in past days

Dear Eminent Professionals

Earlier Was it Possible to appoint a Director by filing F-32 with Provisional DIN ?

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yoka
10 May 2013 at 18:36

Career guidance

sir/madam,
My friend is about to finish her engineering in computer science , she is interested in pursuing CA under the direct entry category.Do you think it is advisable for her to do so?

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Pradeep Tiwari
10 May 2013 at 12:31

Tax on honorarium payment

Can some advise tax implication if any, being an agency we are paying honorarium to Doctos Rs. 25000/- (total nos. 1500+)on behalf of client?

Regards

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Anonymous

sir i am working in a chartered accountants firm as a paid staff.I am very much confused about passing the entry of deferred tax asset/liability in the books. please guide me how the entry will be passed

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CA Nimesh Maheshwari

A partnership firm got itself converted into a public company under part IX of Companies Act, 1956. During the course of conversion the company paid the consideration (by way of issue of equity share capital at par value) in excess of the capital employed by the partners as on the date of conversion. This has lead to creation of goodwill in the books of accounts of the newly incorporated company. Now the query is relating to depreciation on goodwill created. In light of recent judgement by Honorable Supreme Court of India in the case of Smifs Securities Ltd., Goodwill is an asset within the meaning of Section 32 of the Income Tax Act, 1961. In the light of the above judgement can the company claim depreciation on goodwill? Please consider that in the above mentioned case law the goodwill did came into existence as a result of amalgamation of two companies and in the company in the question above, goodwill has arisen as a result of conversion under Part IX of the Companies Act, 1956.

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uma..
10 May 2013 at 10:58

Calculation

How will the service tax be charged on godown rent??

I mean rate, any abatement, who will pay (service provider or receiver) ?


and what about a good transport agency providing transportation and also godown rent??


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Gaurav Jindal
09 May 2013 at 20:04

Deduction of intt. on house loan

A person want to take loan for the renovation of his house but the house is registered in the name of his father.

So if the above person take power of attorney for the said house rather than purchase it or taking gift from his father, then whether he can claimed deduction of interest under income from house property.?

I asked the above question on the ground that the person with power of attorney has full right to sell, rent, construct, alter etc. i.e. the rights equal to the rights to the owner.

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Anonymous
09 May 2013 at 14:14

St3 filling problem

dear expert as ask in st3 form notification no and abatment no with sr no but my client come under 40% on total amt charges in construction activities as per rule 2A (st determine 2006) so which is his notification no and sr no

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Kaushik Vinod
09 May 2013 at 08:15

Tds return salary class

Dear Experts,

While making TDS Return of Govt. Employee ,What sud we mention their period of employment ie option 1: 01-04-2012 to 31-03-2013 , Option 2:01-03-2012 to 28-02-2013.
They receive march salary in the month of april .

Kindly help

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