I want to know the latest octroi structure of Nagpur Municipal Corporation which is based on MRP?

Dear sirs,
I am working in a public sector organisation and recently looking after R & D library. Basically Iam an engineer and we are getting news papers and periodicals for a few executinves. Our finance dept is asking disposal action and revenue generation for old papers and periodicals. Plese clarify the following doubts:

1. Whether news papers received for R & D executives is capital item.

2. Any revenue generation is sxpected from these items.

3. Our expense for these items is roughly rupees two thousan per month.

4. Is it required to dispose off every year or we can fix some periodicity?

Thanks in advance

Dear sir,

The rate of TDS on payment to sub contractor/Advt. is change from 1.10.09 from 1% to 2%.

we r going to make payment to party on 27.9.09, so at wht rate should i deduct & pay TDS is it @ 1% or 2%

ONE OF MY CLIENT (PARTNERSHIP FIRM) HAS PURCHASED OPEN PLOT AT GIDC COSTING 30 LACS FOR TEXTILE BUSINESS PURPOSE, AFTER 1.5 YEAR THEY DIDN'T DONE ANY BUSINESS AND NOW THEY WANT TO SALE IT OUT THAT OPEN PLOT? NOW MY QUESTION IS...
1) WHETHER INTEREST ON PARTNERS CAPITAL WAS ALLOWED AS A BUSINESS EXPENSES OR ADD TO COST OF PLOT, AS NO BUSINESS TRANSACATION WAS TAKEN PLACE?

2) SALE OF OPEN PLOT WAS BUSINESS INCOME OR SHORT TERM CAPITAL GAIN?

3) MAIN QUESTION IS, ACCORDINGLY STAMP VALUATION, THE VALUATION BECOME 1.10 CRORE AND MY CLIENT WANTS TO MAKE AGREEMNTS OF RS.40 LACS ONLY? IS THERE IS ANY PROVISION OF SCRUTINY NORMS?

THANKS IN ADVANCE

Sir, my final attempt is likely to due on May, 2011. But i have heard some news that ICAI is going to reduce the training by 6 months and my attempt may fall due on Nov. 2010. I want to confirm whether this is true or not ?

i have not got my cpt marksheet i have given my exam on dec 2008

Hi All,

One of my client in Karnataka is planning to import a elevator directly from china (without using any intermediate). Whether Entry tax is payable in Karnataka on such imports...? If yes, at what rate...? If no, kindly provide the exemption notification number, if any.

Thanks in advance

I want to know the detailed procedure for Incorporation of a New Company with ROC?

HELLO SIR
I AM DOING AUDIT OF A TRUST
HERE I HAVE SEEN THE TRUST IS IN RECEIPT OF AMOUNT TREATED AS CORPUS FUND.
THEY ARE CAPITALISING THE AMOUNT RECEIVED AS CORPUS FUND.
I WANT TO KNOW WHAT EXACTLY IS CORPUS FUND AND WHAT ARE ITS USES. FROM WHAT POINT OF AUDIT SHOULD IT BE SEEN.

Can anyone please help me with the depreciation rates as per companies act for the AY 09-10