wheather non agricultural land owner can be a partner in a firm which is already enjoying income tax exemption by engaging in it in agricultural activities&if he is eligible to be a partner wheather his share in the income is exempt.

during the year our company chandged the method of depreciation from WDV to SLM. Due to this, there was a depreciation writtern back (which is more than the current year depreciation). on account of this the income (i,e writtern back) is substantial. How we should present the same in the face of the profit and loss account.

Note
The reversal is almost double the current year depreciation.
Regards
P.Mohanraj

during the year our company chandged the method of depreciation from WDV to SLM. Due to this, there was a depreciation writtern back (which is more than the current year depreciation). on account of this the income (i,e writtern back) is substantial. How we should present the same in the face of the profit and loss account.

Note
The reversal is almost double the current year depreciation.
Regards
P.Mohanraj

Dear Experts,

Pls. explain me the Procedure to float new HUF.

Thanks & Regards

IF ADVANCE IS GIVEN TO THE BUILDER ,THEN IT IS TREATED AS AN ASSET U/S 2 ea of the wealth tax act.

We was purchase an asset worth rs.1,00,000.00
The Vendor Grant Us Rs.50000/- as a 10 installments of Rs.5000/- each

Vendor setoff this instalment amount in our bill (he provide us AMC service)

What Should We Tretment About this transaction in regard to depriciation & Book Expenses.

Dear Friends,

Kndly provide your valuable opinion of the following issue.

1. A foreign company had established a liason office in India.
2. The liason office provides technical consultancy services to the clients of foreign company who are staying at abroad.
3. The liason office do not sell any of thier services/goods in India.
4. All the funds for the maintainance of liabson office are received from foreign company abroad.

Under the above said circumstances, whether can it actually be called as liason office as per the definition provided by RBI?

Does it amount to permanant establishment in India?

sir i am passed my ca pe 2 in may, 2007 first attempt at 59% but i joined my artical in feb,2008 in november 2008 i am received one letter from institute. that is my auditor is completed his slabe list. u r addistional vacany institure advise to me search a new artical registration if it is done then i am wasted 1 year articals and our friends told that there is a one provision that is i am passed merit list so i get one another vacancy in my auditor,if it is correct what is the procedue if it in not what i am do plz advise me as possiable as earlier ok

1. SHALL WE DEDUCT TDS ON PAYMENT OF FEES TO ADVOCATE/LAWYER? WHAT IS A RATE OF DEDUCTION?

2. IS TRUST ORGANISE ONE PARTY IN FIVE STAR HOTELS,THEY NEEDS TO DEDUCT TDS ON CATERING SERVICE PROVIDED BY HOTELS AMOUNT IS 30000/-

Iwant to take classes from IcaI. will any one tell me the schedule CLASSESS for pcc. my attampt is may 2010. is it a good idea and i also want to make my library card in icai will any one tell me thAT IN WHICH I MADE MY DEMEND DRAFT, PLS SUGGEST ME AS SOON AS POSSIBLE