Can unabsorbed Depriciation be written off with Salary income as it is not considered as Business Loss?
and is it allowed to be carried forward for indefinite period of time?

As we have entered into a contract with canadian company for purchase of some spares, however, it remain unexcuted as on 31 march 2008.

So, we are showing it in the capital commitment amount in our note of account, my question is that at which exchange rate we should value the capital commitment - whether

exchange rate declared by excise and custom department on monthly basis.

or whether rate declared by R.B.I. on day to day basis.

Or in short, what AS-11 say in this regard




please refer some documentaty evidences in this regard also, if possible.

thanks

SIR

WHETHER VAT IS APPLICABELE ON PACKAING & FORWARDING CHARGES

Hi! Dear All,

Can any one please tell me the rate of Excise Duty and Karnataka VAT chargeable by a manufacturer under excise on Note Book / Desk Top Computer. Please provide the relevant Notification numbers also for supporting.

Thanks & Regards,

Venkat

Can a company book expenses in current yar against bill which relates to previous yr and also dated to previous year but not booked in that year?

How do we come to know if we have been approved as a CA Expert in caclubindia.com

CAn,t th loss for one horse race be set off against income from another race horse that took place in diff. city?
say for e.g.
Income from horse races in Delhi(Gross)- Rs.40000,,,
and Loss from Race horse in Banglore- Rs.21,000..
Can they be set off or not?
and if not why so?

Please tell which is the right format for purpose of recording practical training:

Facts:
1)In April 2008. The Articled Assistant was assigned the work of Audit

2)The Articled Assistant has taken leave of 12 days

3)The leave granted is within the permissible limits of leave allowed during articleship

FORMAT "A"

Audit Training: 30 Days
Total No Of Days in Apr: 30 Days
Leave Taken: 12 Days

FORMAT "B"

Audit Training: 18 Days
Leave Taken: 12 Days
Total No Of Days in Apr: 30 Days


Issue:
1) If Format "B" is followed, then the total period of articleship in Report of Practical Training will not reconcile:

For Example: In a 3 year (ie. 36 months) of articleship period, if someone takes leave of 3 months, then only 33 months would get reflected as period of training

Please suggest which is the right way of presentation for purpose of articleship records

Hi

We are a start-up partnership firm. We offer Integrated Facility Mgmt in residential & educational arena.
Queries -
1. Applicable of ST?
2. If yes, is it applicable from the 1st yr (& how much) and the min reqd turnover?
3. Tips to reduce the burden

Thanks
Geetesh

pls if any1 who have this, pls mail me to

kedar.divekar@rediffmail.com, ASAP