A hotel industry has purchased LED lights, mattress etc costing Rs.11,45,000 inclusive of VAT Rs.1,45,000. Can this be made eligible for availing Input tax credit under capital expenditure?
I have referred many article, but nowhere in the act there is explanation for the above.

Thanks,
regards,,
Ashique

Dear All,

I have proprietor ship firm and gross turn over for financial year 2013-14 not exceed rs 1 crore , i have made payment to contractor and consignee agent.

my query is that i am responsible for tax deduction or not

Please guide me regarding Attachments
Wether,
Form INC- 8 is it required to take on Stamp paper

Form INC- 10 is it required to take on Stamp paper

Form DIR-2 is it required to take on Stamp paper

for ay 2008-09 we have not deducted tds on curing charges (194c) to a individual who is a partner of the firm to whom we have not deducted tds assuming that deductee/payee is not having taxable income and also having carry forward of loss. will the expenditure is disallowed or whether i will get any case law to protect me from disallowance.

please claryfy

sir i took transfr 2nd time. in 1st firm i completed articleship for 5 mnth 5 days and in another firm i completed articlship 1mnth 20 days. plz tell me sir now how much articlship remain nd on which date it will complete. and will i eligible for ca final attempt.my articlship started on 9sep. 2013.

assessment compeleted on provisional balance sheet filed by the assessee, which do not match with the figures of e-return filed. A.O. completed the assessment on the basis of prov. B/S but the figures of e-return filed was not considered at all.
whether assessment is nullity, illegal or void ab intio or voidable?

An IT company has bought the Intellectual Property Rights and assets of another IT Company during F.Y 2010-11.

Difference in Value of assets and purchase consideration is booked as goodwill. So far no goodwill is written off.

As per AS 26, goodwill can be written off in 10yrs in books and u/s 32 of the IT Act, intangible asset can be depreciated @ 25%

Should it be written off in the immedietly succeeding years? or can we start amortisation from the F.Y 2013-14.

Hello Sir,

My attempt is due in Nov 2015.I want to join law classes now.Is it the suitable time to join law classes.If i join will there be any further amendments??

Hi,

Kindly clarify me on the below issue.

I heard that a circular has come to deduct TDS at a rate of 2% irrespective of the status of the contractor if the contract value exceeds 10 lakhs?

Is that true? Can some one clarify me substantiating it with any circular link?

Thanks in advance!

My co. is a listed co.One of the employees of peon level wants an advance of Rs 50,000 from the co.
Whether as per The Companies Act,2013 Board approval is required for granting the advance to employees and what are the new req. in this regard?