One JCB is hired by the company to excavation purpose. payment is made to owner of jcb on hour basis.

My question is wheter tax is to be deducted at contractors rate or under section 194 J.

one of our client has paid Rs. 15,21,650/-. to madhya gujarat ele. co. towards line charges, service connection charges and prorata charges for 2100 kva.

My question is wheter it is revenue expenditure or it is to be capitalised?
Also whether tax is to be deducted or not on such payment as according to me it is one type of contract ?

Dear All,

My query is:
Whether annual accounts can be changed after adoption of the same in the Board Meeting but before presenting it before AGM.
Pl give relevent case laws/guidence notes etc.
Thanks in advance

Anand

A Producer Company under registered under Companies Act 1956 has not filed It Return till date?

Please advise and also give the implications


It is a company which produces agricultural products. a Joint Venture of rural farmers. It was there first accounting year in which no actual production took place. Company books were duly audited but Income Tax Return was not filed.


Dear Sir,

I am asking what are the consequences of not filing ITR on time in this case.

Will Late filing of Service tax return ST3 would invoke penalty even in Service tax payable was NIL due to value of taxable services provided was under the threhold limit of Rs 8 lacs ?

We are engage in partnership concern and doing job working, so my question is that, in our business tournover of labour charges reached at Rs. 16L around so we need to service tax registration for that and if yes then for hou much we liable and what is the procedure

Thanking you

what to do if we received 15G from party for non deduction of TDs

if it is shown in TDS Return then Where to Show

X is a salaried employee earning 15 lakhs per year.

what are the total amounts that can be saved or invested under all sections from 80 c to home loans and fixed deposits in banks (for 5 years) and other provisions if any

m a padmanabhan

Please provide the detailed ammendments in Law(CLSP)and advanced auditing for CA final applicable to june 2009.

An early reply is highly appreciated.

This will be helpfull for all Ca final students going to appear in june 2009.

Thanks & Regards

Prem Kumar Somu

Dear Sir
A Lessee of Financial Lease can claim deprecation (as Expenses) under income tax ACT