Please let me know which Section of Income Tax Act says - expenditure is not allowed in the year of payment in case TDS not deducted during that year?


Are there any exception to the rule?

Please let me know for whether the following is to be capitalised or expensed, if to be capitalised duration over which depreciation is to be charged and the head under which it is to be capitlised,the reason for capitlaization. Note that the software can be used for any number of years.


1)Software bought for Accounting and Administraion.The source code remains with the seller.


2)Software bought to develop other software.The source code remains with the seller.


3)Software bought to run a machinery.The source code remains with the seller.


4)Software developed for a particular customer but not sold yet.The software is customised to his needs and only the customer can use it.What if a)Customer is sold the source code b)The source code remains with seller.



5)Software developed meant for Sale ( Not meant for any particular customer). There is only one copy of the software. Copies of it are made and sold to customers as and when demand arises.The source code remains with seller. If you say this is inventory -just by taking another copy of the software and keeping it ready, will my inverntory value double?

hi!
i am currently in bhopal!i've cleared both pe-1 & pe-2 in first attempts & have been doing articleship for the past 10 months!now my father has been transferred to hyderabad!when is the proper time to start my coaching?can someone suggest some good ca firms in hyderabad & are there any good coachings in hyderabad?(my ca final attempt is in nov09)!please suggest as soon as possible!thank you!

i want to ask if the institute has changed the workiong hours of articles . can a student go to coaching to be held at 5 pm to 8 pm ?
can a ca allow to article for that
?

a branch office of a company could not deducted tds during 06-07 under section 194c 194j this point comes under notice during audit in april 08 . what remidy is available under rule

Hi Sir / Madam

Is there any changes made in this budget regarding STPI (Software Technology Park of India)?
If Yes, How I get the information related that?

Thanks
Anil

We are one STPI unit having international call center, our all revenue generate from USA only. we pay Service Tax(ST) to some vendors along with his bill amount, as we are 100% exporter we need not to register ourself in ST, but we are paying ST indirectly, can we claim this amount refund?

Can we have any remedy to save this amount?

Is is mandatory to make provision for TDS and service tax on provision of expenses of TRANSPORTATIONS & OTHER EXP. ?

If yes, payment of the same before 31/05/2008 and 31/03/2008 respectively, are also necessary ?

If yes, how to distribute / allocate such adv tax paid to parties who raise bills against these provisions of exp after 31.03.2008 i.e. in forthcoming FY.

regards,
JAVED

Sir,
I want to take transfer from my existing C.A firm but i heared roumors that 109 transfer form has been withdrawn by ICAI is it true or ICAI is deciding to do so in future? Please clarify me as soon as possible

Is stipend received from a ca firm by an article is exempt or not