Dear Sir,

I am providing service to a US company and I am not doing any local business . We are receiving the funds from US in One of my employees account and he is crediting the same to company's account.I want to know can the Govt claim it as a local income and charge service tax on it.
Thanks.

Dear Friends,

A company has constructed a Road on Govt land outside his factory premises for easy convyence of vehicle.

The Question here is whether cost of construction of Road can be capitalized or not.
Further depreciation can be claimed or not.

If u will provide any supporting section or law or rulling if available.

Dear All,

I have received a letter from DIT(Directorate of Income Tax) stating that our Form No 24Q for the second quarter whose "CIN in statement not found in bank data". But when is checked from the "challan status inquiry" at www.tin-nsdl.com but putting CIN number it matches.

What futher i should do to rectify it. Please suggest. Is there any penalty for the same by DIT.

Dear All,

I have received a letter from DIT(Directorate of Income Tax) stating that our Form No 24Q for the second quarter whose "CIN in statement not found in bank data". But when is checked from the "challan status inquiry" at www.tin-nsdl.com but putting CIN number it matches.

What futher i should do to rectify it. Please suggest. Is there any penalty for the same by DIT.

Dear All,

I have received a letter from DIT(Directorate of Income Tax) stating that our Form No 24Q for the second quarter whose "CIN in statement not found in bank data". But when is checked from the "challan status inquiry" at www.tin-nsdl.com but putting CIN number it matches.

What futher i should do to rectify it. Please suggest. Is there any penalty for the same by DIT.

Hi ! Friends
Can anyone tell me whether the depreciation is to be mandatorily charged on a plant which is being used for one year and thereafter due to the shut down it has not been in use for the previous 4-5 Assessment years.
What if the assessee dont want to claim depreciation.

Thanks in anticipation

There is a co., hiring employees thru a manpower providing agency & claiming FBT ,from the principal employer, for making reimbursement of expeses to these employee. Is it correct as per accounting practices . If yes, then who will file FBT return for this type of expenditure, principal employer or manpower agency?

if any one pay his vat liability (F.Y.2008-09) in form 223 instead of form 210 than how can he rectify it what is the effect of this?

Q1] If an assessee files a return after due date (Belated u/s 139(4))and forgets to include:


1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund

in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?

Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?

Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?

Please help me....

I have cleared my PCC in 1st attempt in November 2008 & I am looking for qualifying CA Final too in 1st attempt..

But I am not able to decide upon best reference books for each subjects for final course as I am not joining any tutions due to financial reasons...

So kindly guide me for best reference books for each subject...