DEAR SIR/MADAM

AS ASSESSEE TAKEN LOAN FROM BANK (SECURED)RS. 25,00,000/ AND LOANS RECEIVED FROM UNSECURED FROM OTHERS RS. 15,00,000(CHQ) AND RS. 1,00,000/-(CASH) THESE ARE SHOWN UNDER 3CD COLOUM NO 24B SEC 269SS IS COMPULSORY. ALL ITEMS OR UNSECURED ITEMS, CASH RECEIVED ABOVE TWENTY THOUSAND IS DISALLOWED BY ITO OR AT THE TIME OF COMPUTATION.
2. AS ASSESSEE GIVEN LOAN TO OTHERS RS. 1,00,000(CHQ) AND RS. 1,50,000(CASH) THESE ITEMS ARE SHOWN UNDER 3CD COLOUM NO 24B SEC 269T IS COMPULSORY. ALL ITEMS OR UNSECURED ITEMS, CASH PAID ABOVE TWENTY THOUSAND IS DISALLOWED BY ITO OR AT THE TIME OF COMPUTATION. IF ABOVE ITEMS ARE DISALLOWED OR PENALTY IF PENALTY PLEASE TELL HOW MUCH AND WHICH SECTION.

THANKS IN ADVANCE

A new Computer moniter replaces with old moniter. old moniter is not in condition of work.
Will new moniter Be capitalised?

Will The Treatement Be different, if old moniter is in condition of Work and transfer that into stock?

hi friends


i am working in private company


earlier we are providing the facilities of car & driver to our employees and paying FBT on them

but for now FBT was abloised

now is it Taxable in hands of employees
if yes then what %
and how i will calculate



2. we are also reimburshing the Driver Salary & fuel bill & telephone bill of our employees


now is it also taxable in hands of employees

pls suggest me

One of director have passed some confidential information to outsiders apart from this he has taken money from company's client and deposited it into his personal bank accounts. He is also holding 33% shareholding in the company and still holding the directorship in the company. The company is running in loss. What kind of different action a company take...Kindly help urgently.

please urgently tell me that,
if an individual has flats, agri. land ,urbal land,etc. Than whether purchase value (cost) is relevant or market value for wealth tax calculation.
If market value, than how to ascertain that in real life since assessee is a individual.
amount involved is about 1.70 crore.
please tell me some expert opinion.

Sir,

Pls guie me what is the limit amount above which I should deduct the tds on contract.

Pls explain.


Regards
Narendra Singh

I REQUEST YOU , TO GUIDE ME ABOUT Account's (including/ excluding AS )refence Book (For PCC) ,
1) WHICH BOOK ( HAND BOOK ) SHOULD I TAKE FOR STUDY AS REFERNCE BOOK SO THAT IT COVERS ENTIRE SYLLABUS FROM EXAM POINT OF VIEW ,
CONTAING APPROPRIATE NOS. OF PROBLEMS FOR EACH TOPIC , PREVIOUS EXAMS SOLVED PROBLEMS , PLEASE GUIDE ME FOR THE SAME .
HOPING POSITIVE REPLY .

Is It Mandatory to Professionals to Show
Balance Sheet In ITR-4 He has not made his Books But His income is 3 lacs His Income from Consultancy is 300000/- . He has no detail about debtors & creditors.

hi friend,

please any one suggest me which book is bettre for prepare CA final exam.

indirect tax
mics
audit
law
thanks

CENVAT Credit shall be availed 50% during the first year and the balance to be in the subsequent year.

However, if an assessee avails the whole 100% in the first year itself, the dept. shall demand the assesse to pay the 50% Cenvat credit (wrongly) availed and avail the credit in the next year.

In this case, when the dept demand the assesse to pay the 50% Cenvat credit (wrongly) availed, the Assessee is having a surplus of cenvat credit which can set off the 50% capital goods cenvat credit.

Can the Assesse set off that ????

Thanks in advance,
Arul.