Clause 17A has been inserted towards amount inadmisible under section 23 of MSME Development Act, 2006.

opinion is required whether above interest is inadmisible and under which section of income tax act the same is disallowable.

Whether such interest can be treated as compensatory in nature & hence allowable even if it is penalty in nature in MSMED act

I took a loan from a friend, who paid me by an account payee cheque, now I intend to pay a part back, and he has asked for me to give him cash or a bearer cheque in is name. If I dont give him an account payee cheque will the tax authrities think I am repaying the loan. What should I do?

I want to know the requirements for filling of Annual return in case of Public ltd co.having authorised Sh Capital Rs.30 Crore, and issued and Paid up 3 Crore.


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1. how many digital signature required of directors
2. Compliance certificate is required or not.
3. Which form to be uploaded.
4. Any Other

Dear Friends,
Our supplier sent us some material.
He has paid the Freight for the same to the transporter & deducted TDS on the same.
He has raised a debit note to us for Freight of Rs. 7.50 Lacs (6000 unit & Rs. 125/- Per unit) as per the contract with him.
Whether we have to decuct TDS from this amount?

As the budget for the financial yr 2009-10 has not been issued yet. How can a company calcualte and deposit advance fbt which was due to be deposited before 15th June? WIll non compliance of same attract provisions of Sec 234?

As per Companies Act, for New Assets purchased during the year costing less than Rs 5000, dep shall be charged 100%. Now,
a) THis 100% means that Asset be fully depriciated during the year of purchase or dep shd be charged at 100% for the no of days Asset has been used?
b) If there is purchase of say 10 chairs each costing Rs 3500/- totalling Rs 35000/-. Out of them only 5 chairs have been put to use during the year. Now what & how should the dep be charged over this purchase transaction?

Whether Co's Amendment Act 2008 will be applicable for Nov 2009 exam? Whether preparation based on Co's Amendment Act 2006 is sufficient? Pls guide.

WHAT IS THE BEST CAREER IN COMMERCE- IS IT MBA OR CA....?????

i hv completd m b.com and m.com and i want to do C.A....am i suppose to appear for cpt or directly pcc??

Please tell me the source from where i can have condenced understanding of IFRS.
Thanking you in anticipation.