is minor is eligible to file his incometax return when tds is deducted on his interest income and form 26AS shows the credit in his account.
How the refund will be claimed. By filling minor return or guardian return and who will sign the return?

we have printed wall calenders for the quantity of 355 no. @ 226.23 and total bill has come upto INR.84,326/- (inclusive of Vat @5%).

we have two concern and are going to be make payment part as 1/3rd from Company A and 2/3rd from company B. but the bill has arise in the name of Company B. whether it is applicable tds or not? if applicable please tell me under which section. and how will it be calculated.

waiting for your hopeful reply.


thanks

I am proprietor and want to buy a car on bank loan to use for my business purpose. Can I use the ex-showroom price of car towards claiming yearly depreciation on WDV and components of yearly interest, road tax and insurance as expense. Since the car would be hypothcated to the bank, can I still claim depreciation on that.

i cleared 1st grp of CA( final) in may 12 and second grp in nov 12. Could u plz tell whether this will we treated as first attempt or second attempt? some people say, it will treat as first attempt.

Dear Respected Sir,

My registration no. is IPCC/CON/ITT/WROO178788. As I have converted from Intermediate course to IPCC effected from 3.9.10 unfortunately I couldn't clear any exams. Sir, I want to appear in May 2013 exam. Sir, will I get a chance to appear in the exam as my conversion is so long(already 5 attemps gone).

Thanks & Regards,

Under Articleship, If i want to take transfer within one year then whether my employer is eligible to deny my transfer? if so then what are the possible ways to get transfer? please suggest me!!!

sir i m trying to reply, however due to this website problem, it is not happening. hence i m modifyinf my querry as below, pleas suggest me;

is there any situation to get mandatory transfer from office?? however my principle deny the transfer, but any how i want transfer from this office,then what should i do???

I have registred for CA under direct entry scheme excempt from CPT. So what is the requirment for GMCS cource.

Sir
I have an query regarding AS 12. The question is---- A limited purchased plant costing 250 lakhs on 1st Jan 2008.The co. charges WDV depreciation on the asset. The asset has an estimated life of 15 years with a scrap value of 25 lakhs. The co. received govt. grant to the extent of 50% of assets cost. As per T&C of the grant 50% of the company's product are to be supplied to the govt. agencies for the 1st 5 years at a price 20% below the market price. Average market price of the product from 2008-12 are 300,320,340,360,380 respectively. Production capacity was 1 lakh unit per annum. Capacity utilization during the 1st 5 years are 50%,60%.60%,70% & 80%. How do you allocate govt. grants if the co. decides to treat the grant as defered income?

how much maximum deduction available in chapter vi?
if i got deduction rs.100000/ under 80c.can i claim more deduction of rs 15000/- under 80D and also in 80CCD(2) for rs.10000 i.e.10% of my salary.
i also calculte exemption under 80G rs.5000/-
i also take higher education loan for my daughter interest is rs.45000/- so i claim deduction under 80E (i full fill all critaria)
so can i claim total deduction in chapter vi rs.175000/-

I request you to kindly clarify the following.

1. Is prior permission required by an Indian company (Pvt Ltd) to take loans from a foreign company (Pvt Ltd in Singapore). Both the companies have some common directors.

2. Is there any limit upto which prior permission not required in the above situation.

Thanks & Regards,