A rent agreement contains Rs.15000 as rent + Rs.10000 as maintance charges + Rs.5000 as car parking & generator charges to be paid to the licensor. Is there any provision not to deduct tax on maintenance & car parking

If tax is deducted at source where it is not required to be deducted as per the provisions of Chapter XVII-B, but subsequently the tax is not deposited to the credit of Govt, whether the expense should be disallowed u/s 40(a)(ia).

My friend is from Assam having a salary below Rs. 3000. He wants a PAN card as he does not have any proof of his staying in Mumbai. If after receiving PAN is it compulsory to file return

is it enough if u pass in cpt.will reputed colleges prefer the top scorers

Dear Sir,

Explain me the Consignment sale concept.
What are the accounting entries are required to be passed when goods exported are still in transit at the year end.

How to prepare for CA Final?

Hi,

Wanted to understand the provisions of INCOME TAX ACT for depreciation in following situation:

If we have purchased any asset, and it is ready to use, but it is not put to use, whether the depreciation should be charged on the same?

For eg., our company has purchased a licenced software to be used in new product. The software cost will be depreciated in the due course.

The product in which it is to be used is under developement, and not yet ready. Hence, the software can also not be used till the time the product is ready.

In such a situation, what is the depreciation treatement for the software licence cost?

Regards,
Rajen

Hi,

Wanted to understand the provisions of companies act for depreciation:

If we have purchased any asset, and it is ready to use, but it is not put to use, whether the depreciation should be charged on the same?

For eg., our company has purchased a licenced software to be used in new product. The software cost will be depreciated in the due course.

The product in which it is to be used is under developement, and not yet ready. Hence, the software can also not be used till the time the product is ready.

In such a situation, what is the depreciation treatement for the software licence cost?

Regards,
Rajen

Could any one please help me in studying for costing paper for my nov 08 attempt - pcc. At the very thought of the subject i tend to loose sleep and also others like accounts and tax. Theory ones are okay. just 2 to 3 proper reading of the study material i feel will do.

Please somebody help me out.

Hi all,

Can anyone let me know the following query on depriciation:

One of a company is not showing Depriciation for last 3 years whereas it has a fixed asset base of a value of ~ INR 20 lacs.

Although as per Companies Act, Section 205 makes it compulsory to charge depriciation before declaring dividend but as company doesnt declare dividend so this section is not applicable.


1.Is that possible to not charge depriciation on F.A.

2.What is FORENSIC ACCOUNTING