whether STT is disalowable as espenses on transfer while calculating Capital gain on both Purchase and sale i.e STT should not be added to the cost of acquition of investment and sale consideration should be taken as without deducting STT ? and
under which section ?

when do we need to publish standalone financial statements of subsidiary.

Shall we inform ROC before 31/03/07 for publishing consolidated financials statements.

Hi , I am ck chamy ,


a is the trader he wants to buy a material from b ( b wants to buy a material from c ) . The 'a' is going to sell their product ( not a manufacturer) to Z .

I wants to know in every point the lorry is involved so who is liable to pay the service tax and how the end user will get benefit like ( below Rs. 750 / Rs1500 )


C.k.chamy

Dear Caclub user,

Whether a person working with employer other than Central or State government is entitled to Leave salary exemption on leaving the organisation voluntary within eight(8)months of joining it under Section 10(10AA)(ii) of the Income Tax Act?
If possible please provide case law in support of the answer.

As per sec 32 addl depn of 20% eligible for plant & machinery - in case put to use for less than 180 days eligible for deduction at 10%. For eg. if I have taken 10% of Rs.250000, actual cost of P& M installed on 1st Nov 05, I will be taking 25000 deduction in 2005-06 and another 25000 deduction in 2006-07. Is that correct

Hi,

Can someone please provide me with an exhaustive list of firms fro doing my Articleship? I have just completed my PE2. I am aware of firms like KPMG, E&Y etc.. But please someone provide me with a list of firms to apply for (Sorted on RANK).
And way to apply to these firms and how to go about.....

Thanks in Advance...

Hi,

Can someone please provide me with an exhaustive list of firms fro doing my Articleship? I have just completed my PE2. I am aware of firms like KPMG, E&Y etc.. But please someone provide me with a list of firms to apply for (Sorted on RANK).
And way to apply to these firms and how to go about.....

Thanks in Advance...

Is it compulsory to publish consolidated cash flow statement for a listed company?

It is a first year of consolidation.

Whether commission received by a C&F agent from air liner or ship liner on frieght amt charged by the liner to the client of C&F agent.
Such commission if chargeble tax,under which services,as it can't be charged under bussiness auxiliary services.

Hi,

My client is wholesale dealer in red chilly. They purchase RED CHILLY from farmer on sale or return basis. when they make the payment the same is made in CASH and amount paid is excess of 20000/-.In this case does it gets covered under section 40A(3 ) and 20% are disallowed. I think payment made to farmers in excess of 20000/- are allowed. Could you please let me know the correct solution.