Sir,

As per notification 238/2007 dt 30/08/2007 it is mandatory for persons who are liable for audit u/s 44AB to deliver quaterly returns in computer media(CD ROM 650 MB). My query is it mandatory for those assessees who have not deducted TDS during the quarter to file E-TDS returns?

Is there any particular software available in the e-filing website for filing the returns or should we fill the said form (form 26Q etc) and deliver the same in the computer media?

Dear Sir,

I have a doubt the following is the situation:-

The invoice amount is for 100 Rs, In our books we charge withholding tax @10% thatb means the invoice amount is now Rs110/-

Now Rs100/- is given to vendor & on that service tax is charged.

The excess Rs 10/- also do we have to charge Service Tax.

Sir and also please give me ref to which act or section you got the data from.

Thanks,

Amit

Budgetary control" of Costing,pcc.

Actually i missed 4 clases of the coaching?
What's the sylabus as well.

Dear all,
Plz help me,

1.My company's V.P paid his house rent and electricity bill from the Company's bank A/C(he also provides capital to the co.)
so how can i treat this entry.........?

Thanks in advance

Dear All,
Following is a hyperlink to Companies (Accounting Standards) Rules, 2006
These rules only provide for AS 1 to 7 & 9 to 28. I am unable to understand why AS 8 (on Research & Development) is not included..

http://www.mca.gov.in/MinistryWebsite/dca/notification/notification_comp_Acct.html

Company XYZ Pvt Ltd wants to purchase the 100% shares of ABC Pvt Ltd FROM Mr and Mrs X. To purchase the shares XYZ Ltd will have to take the loan. In this case can XYZ Pvt Ltd claim interest paid as expense in their books of accounts and claim benefit under income tax?

mrs. x purchased open site and registered in her name. now the housing loan is going to be obtained in the joint names of mr.x and mrs. x. all the approvals for construction of the house will be in the name of mrs. x. can mrs. x and mr.x claim interest on borrowed capital u/s 24(1) in proportion to the repayment of loan from their sources.

we are private limited company. We were using a car for hire. per month hire charges Rs.11000/- inthis way it is applicable any tds. please give tax rate and explanation of applicable section.

Recently, I have attended one interview in a Leading Software Company. A qualified (CA) finance controller interviewed me. He asked the following question:

"We are a software company bought one computer server for forthcoming new project and bought special costly software for the same. Till the end of accounting year the project is not yet started and both the server and software are keeping idle. During the year end is it applicable for Depreciation?".

I replied that the asset has been purchased with the intention that expected to be used for the purpose of business hence liable to depreciation either used or not in the business.

He has taken Accounting Standard -6 "Depreciation" definition and it shows:
"Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset ARISING FROM USE, effluxion of time or obsolescence through technology and market changes."

plz note that it shows "arising from use", hence we had argument in this topic and I’m waiting for interview result.

Experts’ help required.
(plz mention the website where you have observed the point)

stores & spares, which have become unusable, and written off from the books of the company. Whether such writ off is an allowable expenditure in income tax or not. Is there any case law in support of such write off.