hiiiiii,
The co. has incurred exp. of Rs. 40000. The payment of exp. is made by the co. directly by depositing cash into party's bank account.
So whether this exp. is going to be disallowed because of payment exceeding Rs. 20000 by cash???????????????

why is interest paid to shareholders u/s 208 during long gestation period?
Plz explain with an example.

Please give ur valuable suggessions.

Whether the benefit SSI is given to ALL Manufacturers whose turnover is less than 400 Lakhs OR only to certain Manufactures who are manufacturing or producing some specified types of goods and whose turnover is less than 400 Lakhs?

i require the format for the co-operative bank concurrent audit reports plus audit checklist and list of imp points and area to be taken into account while carrying ou suh audit... its urgent.......!!!!!!

i have a property which has been given on rent of Rs. 125000/- per Month to a Pvt. ltd. Co. which used this property for the Hotel Business.
During the year 2007-08 i hv paid rs. 24000 on dt. 30.03.2008 as property tax in respect of such property.
accordingly my query is that how can adjust this amout during the year 2008-09.
although i hv collect whole amout of service tax from tenant without considering the amout of property tax.

i have a property which has been given on rent of Rs. 125000/- per Month to a Pvt. ltd. Co. which used this property for the Hotel Business.

Accordingly my query is that whether such property is covered under residential property as prescribed under the provisions of service tax?
if Yes, can i also liable to Collect & Deposit the Service Tax on Rent on immovable property.

If a Pvt. Ltd. Co. take over a partnership firm with all assets and liabilities along with the unsecured loans, then what will be the status of such unsecured creditors, because a Pvt. Ltd. Co. can take unsecured loans only from its members while after taking over the business of partnership firm, such unsecured loan become the liabilities of the Company.
then what has to be done in that situation?

I am living in rented house & paying rent say 4000 pm. Also I am doing business in rented office differently & pay rent of Rs. 6000/- pm.

can i take income tax benefit on rent paying for home, just like office rent in business, if yes how ? pls suggest

Thanks in advance

deepak kokal

Hi,
If any business man has made cash payment more than Rs. 20000/-, but not for revenue producing activities...what would happen whether the amount will be disallowed???

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.