hi,
A Pvt Ltd company made a huge advertisement exp to promote its new branch. it treated it as deferred revenue expenditure in books of accounts for a period of three years. but for the purpose of Income Tax it treated it as revenue exp in one year.. is this allowable in INCOME TAX ACT as we as COMPANY ACT

Do reply

A contractor who has taking registration of commercial of industrial construction.The dept claim from2004-09 due service tax with penalty & interest. Against lower authority order he filed an appeal with stay petition.His main contention was most of his job on the alleged perios was related to exempted category.He deposited Rs.2,54,000/-as service tax during pendency of the appeal out of alleged claim of Rs.3,05,729/-.The appeal & stay was heard by the commissioner Appeal on same day.Now Commissioner Appeal ordered Rs.1,00,000/- as predeposit for stay and again fixed a day for hearing of appeal.my queries is:(1)whether the order was valid?Whether total deposit of tax can exceed its original claim?whether there are no standard for pre-deposit?Whether discretion of pre-deposit order can be arbitrary?

Can anyone tell me the details of the project to be uploaded at the end of the e-sip course for cs students.

Are you Governed by Portugese Civil Code under Section 5A?
this is one option in ITR 1 . it mean what?

Dear Sir,
can you provide the fillup form 8 of any co whoes take car loan for his employee and charge registered with the roc.
thanks in advance
please reply soon

I am an Indian resident in the business of imitation jewellery. One of my primary markets is Hong Kong and China. I frequently travel to Hong Kong & China for business.

I am looking to set up a company in Hong Kong which. The company will do trading outside India (that is buying from suppliers located outside India, and selling to clients located outside India). So the profits that will be generated will be purely foreign income (without any link to India).

My questions are as follows:

1) First and foremost: Is any prior permission of RBI required for setting up a company in Hong Kong by Indian resident individual?

2) I assume that it will be necessary to show the profits generated in the foreign company as foreign income in my books of accounts in India, correct? In such a case, will I have to pay taxes on the income of the Hong Kong company both in Hong Kong as well as in India? Is there a way to avoid such double-taxation on the same income?

Thanks in advance for your assistance.

I am an Indian resident in the business of imitation jewellery. One of my primary markets is Hong Kong and China. I frequently travel to Hong Kong & China for business.

I am looking to set up a company in Hong Kong which. The company will do trading outside India (that is buying from suppliers located outside India, and selling to clients located outside India). So the profits that will be generated will be purely foreign income (without any link to India).

My questions are as follows:

1) First and foremost: Is any prior permission of RBI required for setting up a company in Hong Kong by Indian resident individual?

2) I assume that it will be necessary to show the profits generated in the foreign company as foreign income in my books of accounts in India, correct? In such a case, will I have to pay taxes on the income of the Hong Kong company both in Hong Kong as well as in India? Is there a way to avoid such double-taxation on the same income?

Thanks in advance for your assistance.

What is the refund procedure under Maharashtra Value Added Tax.

It is bring to your notice that I had given own Machinery and Building on lease to someone Limited Company. Now company wants to windup the business and interested to return my machinery and building with dues. can i accept it or not.

Also, someone person has told me that if i received back machinery from company. Then i have to paid provident of workes on the behalf of company. Is it True or not.

our assesse has received an agriculture land as grant from his parents and he is selling that in Plot

now how can calculate his taxable income