while calculating MAT u\s 115JB,what will be book profit in following case:

p & l profit is 612000 including Rent income of Rs.300000(taxable under income from house property)

book profit should be Rs. 612000 or 612000-300000=312000 ?????

Dear Member,

Since interst on PPF A/c is credited/accrues every year and not allowed to withdraw is an reinvestment in the same account, also it qualifies the test of investment U/s 80C. Then why not to claim the interest earned on PPF, not withdrawn as a deduction U/s 80C?

Also it is to be noted that the concept of investment out of total income taxable has been forgone from the provison of section 80C.

Kindly provide your opinion with case law, section if any on the matter.

Thanks

Dear All,

I have doudt about the TDS.
Our Company is taking Consultancy form other company . so, the other company has charged Service tax on concultancy amount.What should i do i have deduct TDS on consulantcy amount or total bill amount.

Ex.: Consultancy for quarter 45000/-
Service tax 4635/-
Total 49635/-
In case i have to deduct TDS on 45000/- or on 49635/-

Please let me know it very very uergent.

Thanks & Regards
Rajeswari

There is one sole Propritership which is being converted into partnership there was some stock in hand at the time of conversion what is the treatment of stock
will it attract Vat,or it will be regarded as Introduction of capital
CAN U PLEASE GIVE ME SOME REFERENCE OF SECTION

I am a CA final (New Course) student

I'm having a small confusion regarding notes to be followed. Anybody please clarify this

For Auditing I'm having Surbhid Bansal's notes and V.K.Agarwal book

For Law I'm having Jayaraman sir's notes and Prof. swominarayan's notes.Which one to follow. And also should I purchase Munish bhandari. If so long book or hand book

For Information systems control and audit among Institute module, Dinesh Madan's book and superwhizz material which one should I follow

My attempt is May 2010

Please reply me as early as possible

I am a Non-Resident Indian and was out of INDIA for more than 180 days during the Previous Year. I have earned Income inside INDIA for which TDS was deducted and I am having Income outside INDIA also. The Income is not brought into INDIA.....

Advise me on my Income Tax return filing and whether i have to pay tax on the income earned outside INDIA

Sir,

I want to know whether Mvat is applicable on books(professional) sold,if yes then at what rate it will be charged & under which schedule it will fall and if the answer is no then plz give proper reference,Waiting for a prompt reply............!

Can you give me explanatuions regarding section 14A for tax audit

professional service= rs 22000
service tax = rs 2266
total = rs 24266

is it correct to say that tds on professional charges deductible on rs 24266 as the amount credited in the account of professional is rs 24266. please clairfy.

thanx in advance.

Sir,

I have a doubt regarding transfer of immovable property:

1)A transfer of immovable property takes place between companies of same grp
2)a consideration has been paid which is cost itself.
3)an agreement was executed which was not registered.
4)can one company show it as a sale and another as an addition??
Please answer query as soon as possible...