Income Tax QnA - Page No 24897

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Praveeri

27 March 2009 at 17:14

fixed asset

Hi experts,

if i purchase 10 tables each worth Rs.4000/-, should i write it of in the same year as below 5000 or as a block of assets should the depreciation be charged on used period.

Devaraja H.P

27 March 2009 at 17:06

what is the secton for TDS on Event management

Sir
Could you please send me that under which section TDS should deduct for event managemant.

Devaraja H.P

27 March 2009 at 16:55

TDS deductions

is that event management is considar in section 194C or 194J

Narendra

27 March 2009 at 16:48

PROFIT AND LOSS APPROPRIATION ACCOUNT

Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

Narendra

27 March 2009 at 16:47

PROFIT AND LOSS APPROPRIATION ACCOUNT

Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

MANOJ SHAH

27 March 2009 at 16:31

WHETHER A STPI UNITS ( SAY BPO CALL CENTER, SERVING TO US CLIENTS ONLY) CAN GET REFUND OF SERVICE TAX PAID ON THE INPUT OF SERVICES. AS ITS EXPORT OF SERVICES, NO SERVICE TAX IS CHARGABLE ON SALES. HENCE, THERE IS NO QUESTION OF SET OFF OF INPUT SERICE TAX.

IS THERE ANY CLEAR CLARIFICATION ABOUT REFUND OF SERVICE TAX PAID ON INPUT SERVICES FOR SUCH COMPANY?

Deepak Maheshwari

27 March 2009 at 16:17

Subsidery Company

Hi All,

Just want to clear my doubts from all of you regarding subsidary company.

1. Can main company adjust their profit with subsidery.

2. If main company gives their building to subsidery for running of business so can main company charge rent from them.

Regards

Deepak

Narendra

27 March 2009 at 16:06

Provision for taxation

Sir,

pls guide me if i have provided rs.10,000 as income tax and my advance tax s is rs.
8000.00 as on 31st march then in next year how should i setoff both the accounts.

pls tell me what adjustment entries should I pass.

Thanks

CA VIKASH AGARWAL

27 March 2009 at 16:05

Marcantile Basis

It is mandatory to keep books of accounts of a company on accural basis

if we want to maintain our book of accounts on cash basis
it is allowable or not according to Indian Companies Act 1956 or India Income Tax Act 1961.