IS THERE ANY RESTRICTION ON FIXING FACE VALE

WHAT IS MEANING OF FOLLOWING SENTENCE

" INCOME EARNED IN A PREVIOUS YEAR IS CHARGEABLE TO TAX IN THE ASSESSMENT YEAR "

Ours is a Pvt.Ltd.Company. Our Company is share holder of another Pvt.Ltd. Company. During Last F.Y. our company sold out the shares and also transferred it new share holder.

Now in this transaction loss has been made. my question is , Where should I book this loss ? to P&L Debit or should I deduct it from Co.'s Reserves & Surplus ?

Sir,
Please tell me ..

In financial year 2010-2011 we passed a entry for VAT receivable for Rs. 120,930.00

since output Vat was showing 1,20,930.00 at the end of the year it was transfered to Vat receivable by passing below entry.

I.E VAT receivable a/c .1,20,930.00
To Output Vat a/c 1,20,930.00

Now after assesment, Vat authorities disallowed our 1,20,930.00 due to other reason , now i have passed revered entry in current year exactly opposit as shown above.

now Output a/c shows Dr. balance of 1,20,930.00.
My Query is ,i want to nullyfy output account, then which account should be debited. ( since 120930.00 should be adjusted)

kindly suggest

If the Order for demand of income tax is passed by the income tax officer. however party has gone for appeal against this order.

What shall be accounting treatment of it in the books of account?

CONCEPT OF MARGINAL RELIEF APPLICABLE TO WHOM

Plot was purchased 3 year old value Rs. 1,00,000/-
Construction of Bunglow on that plot Cost Rs. 4,00,000/-
Construction completed before 10 month
and now i am selling it at Rs. 10,00,000/-
How the capital Gain will be calculated and which provisions will be applicable to such transactions?

SUPPOSE IN ENTIRE YEAR I HAVE ONLY ONE TRANSACTION I.E. ADVANCE RECEIVED FROM ONE CUSTOMER SAY RS. 50000.THEN MY QUESTION IS CAN I LIABLE TO PAY TAX ON SUCH AMOUNT

what is the due date for deposit of TDS on salary?
can we deposit TDS quarterly in case of salary or in any other case??
...........please clearify

SUPPOSE, IN THE MONTH OF SEPTEMBER I GOT SALARY OF RS. 500000 AFTER DEDUCTING TDS OF RS. 25000. AT THE END OF THE SEPTEMBER I LIABLE TO PAY ADVANCE TAX SUPPOSE RS. 30000 THEN MY QUESTION IS CAN I DEDUCTED RS. 25000 (TDS PAID ) FROM RS.30000 AND BALANCING AMT.OF RS. 5000 PAID TO GOVT.