hi, this is tanuja.. for accounts -tulsian is good..? for pcc-tax singaniah or manoharan... which one is more comfortable to understand easily...

Is service tax and excise payable on transaction between group companies(like shared manpower resources)

NSC INVESTMENT IN NAME OF KARTA FROM HUF FILE ALLOW OR NOT & OTHERS INVESTMENT IDEA FOR HUF FILE

pls tell me which AS and AAS are required to pcc students

regards
tanuja

A partnership firm, which is engaged in the business of construction, has developed a commercial complex. A part of this complex was let out to a company. The firm received rental income of Rs. 3,00,000 in the F.Y. 2007-08 and its P.&L.A/c is as under:
P.& L. A/c
To Interest to By Rental
Partners Income 3,00,000
A - 100000
B - 100000 2,00,000
To Net Profit
A - 50000
B - 50000 1,00,000

-------------------------------------------
Computation of Firm :-

Income from house property :
Rental Income 3,00,000
Less:Std. Ded. U/s 24(a) 90,000 210000

Income from Business :
Net profit as per P&L A/c 1,00,000
Less : Income of other head
(Rental Income) 3,00,000 -200000
--------- GROSS TOTAL INCOME 10,000
---------
In this case, firm will be liable to pay income tax on Rs. 10,000.
But my QUERY is that whether in the individual capacity of partners, they will be eligible to get exemption of Rs. 1,00,000 ( share in profit of firm as per P & L A/c)u/s 10(2A) or Rs. 10,000 only ( as per computation of return of income of the Firm)?

Pls suggest good textbooks for second group (old syllabus). Also whether for Accounts studying the module and suggested is sufficient or not. Whether textbook of M.P.Vijayakumar for accounts should be referred as recommended in reply to my earlier query?

Dear Sir,

In a case of High Sea Sales, when we receive commission from the manufacturer, whether it attracts service tax or not.

Example:
If A is a manufacturer in foreighn country, B is Indian Company which buys material from A and sold it to C, another Indian Company when the material is in transit. For that transaction if A pays commission to B, is B liable to pay Service Tax

Please clarify.

Hiiiiiii

can anyone tell me if i a am working for 4 moth in my prevoius organization (Aug 08 to Nov 08) & now i m working in new organization from Dec 08 to till date ).i have given all investment proofs in my prevoius organization ,so can any one tell me whether new co. will deduct tax on my salary ,i have not submitted form-12B,Whether i need to give declaration .Please tell me the purpose of form-12B

My auestion is about CARO applicability.

Will share application money pending for allotment be considered while calculating paidup share capital for private company ??????

Please answer with reason...............

what is difference between, Association of persons & body of individuals, under what sec income tax gives exemption to this two Persons. whether the BOI & AOP Enter into Partership.