If I m doing conversion of pvt. ltd. co. to LLP according to the provions of 47(Xiiib)of income tax act then where will the accumulated reserve of the co. will go as clause 47(xiiib) of I.T. act says that
"no amount is paid, either directly or indirectly, to any partner out of the balance of accumulated reserve standing in the accounts of the company on the date of conversion for the period of three years from the date of conversion"

Pls help me...!!!

Respected Sir

I filled Income tax return for Individuals in AY 2012-13 before due date.

But not received any information regarding Refund or Intimation u/s 143(1).

Is refund process is started by CPC or I have to wait further.

Please suggest me what should i do?

Thanks in Advance

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Company want to do following thing:

Depreciation as per books to be taken on 45 lakh. however auditor is maintaining that deprecaition as per books should be taken on 50Lakh for the financial year 2011-12. however deprecitation can be taken by taking effect of exchange varition for 2012-2013 because for full financial year assets value was 50lakh. Please suggust us as depreciation of book will effect book profit and result to effect on MAT also. Please mention the required portion of Relevant accoutning standard also.Thanks

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Dear Experts,
Can a trust registered under FCRA do transfer the fund from its normal account to FCRA to keep the minimum balance? The law restrict to receive any other fund other than foreign contribution in FCRA Account. The trust do not receive any foreign contribution till today, but bank is asking them to close the account if they don't make any deposit in the account.

Dear Experts,
Can a trust registered under FCRA do transfer the fund from its normal account to FCRA to keep the minimum balance? The law restrict to receive any other fund other than foreign contribution in FCRA Account. The trust do not receive any foreign contribution till today, but bank is asking them to close the account if they don't make any deposit in the account.

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thanks in advance..

A director is being paid Rs. 25000/- every month in cash. Is it allowed u/s 40(a)(3)?

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