A Pvt Ltd co. in its return of Income filed for AY 2011-12 on Sept25, 2011: Book Profits = 2 crores Tax payable on total Income as per IT Provisions - NIL because of losses due to depreciation u/s 32 ) MAT payable= 2 crores*18.54%(18%+cesses)= 37,08,000 But the company (due to some confusions) filed return without paying any Tax(MAT) . On Jan 15,2012 company received intimation u/s 143(1) demandind tax(MAT) Rs. 37,08,000+Interest. The company actually did not not claimed the dec\uction of B/f losses or unabsorbed depreciationwhichever is lower to the tune of rs. 2.7 crores from Book Profits as per explanation to sec 115 JB, Now my question is that can the company claim that deduction from book profits by rectifying the order u/s 154 or it need to file revise return before 31.03.2013? Please reply

Sir,
i want Board Resolution format for vehicles loan govt bank.

In case of an Invoice for works contract where VAT and Service Tax both are charged, on what amount TDS is required to be deducted? Whether on full amount or on the portion of service tax by making reverse calculation?

Dear Sir,
i want to know TDS return in case of proprietor has two proprietorship, it should be filed two TDS return in the name of proprietorship or single single return in the name of proprietor and also TAN should be taken in the name of proprietor or proprietorship

i have 3 questions
1).A builder who registered under K VAT law as a works contractor & opted to pay composite tax i want to know wether advance payment received against sale of flat is taxable or not ?
2.) If the sale agreement is divided in two agreements
a) for sale of undivided share of land
b) for construction on land then what is liability under KVAT?
3) the same builder is not yet registerd under service tax is he liable for service tax on the said above transactions?
:) guide me

Dear sir/madam,
If a director is taking education loan for his own from his company, so it will attract any of the section of corporate and allied laws?
If yes then what form has to be filled/submitted with ROC?

Thanx in advance

sir,
i have cleared my ipcc and doing my articleship.i have a sort of fear in accounting subject. though i cleared it with exemption in my 1st attempt in ipcc, still i feel im week in accounting basics and can you please help me in improving my accounting knowledge and sujjest books that help me in getting perfect conceptual clarity before attending final classes that i start in coming may, so that it helps me to understand the concepts of ca final accounting well...

thank you

HELLO FRIENDS,

Pls tell me about applicability of Revised Schedule VI.

Whether it is applicable for Trading Business..

I am doing job in BAJAJ SHOWROOM, trading in BAJAJ MOTORBIKE..

So pls tell me Revised Schedule VI is applicable to BAJAJ SHOWROOM..

Its urgent..

Thanks....

Have a nice Day...

Hai Freinds
Plz help me myself RAHUL, CA FINAL std . I had given Final exams since last 2 attempts but nt succeed . For last few days i loose my confidence level so i thought to admission in MBA(Finance).Plz suggest may i do or not ..............

My query is that, can ca final exam form be attested by any person who is a member of icai or it needs to be signed by principal alone?