if some asset is purchased n capitalised n then creditor by mistake does nt deposit cheque n forgets to recover d money what will b treatment wrt SEC 41 wherein depreciation is claimed...how much income will be recognised

still the income tax department or the state bank of india have displayed the challan for payment of TDS for the month of April 2009 payable by 7th of May 2009,

pls let me know can i pay the tds on the old challans available ITS 280 281 etc

What form to be used for the remittance of TDS for the m/o April, as the Form No17 prescribed not yet notified by the Income Tax Dept ?

Dear All,

Is it is mandatory that private limited company have to pay the TDS challan online, or they can manually submit it to the collector bank. Because we have a current account in HSBC bank and hsbc Bank have no option to pay online.

If a company in fashion retail industry makes paymnet for printing invitations, envelopes, brochers, letterheads etc in excess of Rs. 50000 in a year. Is TDS u/s 194C is applibale in given scenario????

sir
what is the procedure under income tax act and companies act for conversion of two sole proprietorship into a private company?
how paid up share capital will be calculated and how it will be divided in two proprietor? at which value assets are taken in the books of accounts of company?
can u give me complete checklist?

I am a director in 6 companies incorporated in India. Now, I have become director in a singapore company. please tell me where I have to inform this and how?

is construction work undertaken in power plant exempted from tax

is their any planning can done by using deprecation rate given in companies act & in income tax rate?


Can companies charge lower rate of depreciation given in companies act.

Sir/Mam

We have been importing spare parts and selling them in India. These spare parts are sold on a warranty basis.
If any sub-part in those spare part becomes ineffective within the warranty period then those sub-parts are supplied FREE OF COST to the customer.

These sub-parts are purchased locally and then supplied FREE OF COST to the customer. The company also sells these sub-parts in the normal course of business.

Is the company eligible to take Input Tax Credit on these sub-parts which are supplied FREE OF COST?

If yes then please mention the relevant Section, Rules, Case Laws.