is proposed dividend considedered as event accuring after balance sheet date as per AS 4 ?
It means it can be considered as contingent liability as it is only proposed by directors and it will be final after approval of share holder.i believe that proposed dividend is appropriation of profit of particular financial year.

Suppose A person was using the asset for his Business & Profession for last 4 years and now he has Sold the asset under hire purchase system to another person

Now in This case who will get the benefit of Depreciation u/s 32

Give me answer with Reason so That i can clarify it to my Client

A company which is registered in Excise and paying excise in Mumbai and not registered under Service Tax Act. Can they claim input credit of service tax paid on services like telephone, insurance etc. paid in other states in the branches.

service tax leived @ 4.12% for contracts?

Pl resolve my issue:

Salary and turnover based commission has been paid to directors of the company but TDS has not been deducted at all. I want to know, whether salary and commission paid to the directors are disallowed in the hand of company and salary and/or commission paid to the directors be added back in the computation of income of the company.

Amrendra

please tell me the whole procedure of auditing of Excise Duty in case of concern engaged in manufacturing of IRon & Steel .I mean the checks to be applied for checking the registers or other matters.

Pl give me details of forex management and how to minimise risk of foreign fluctuation through hedging

as a co operative society having fd of 4,00,000 but not having any taxable income that is our final income is not crossing the taxable slab wether by filing form 15G can save society from tds deductible by bank u/s 194A

Hi,

during the financial year 2007-2008, my previous employeer deducted a TDS of Rs 1,24,000 approx. However, they have not yet sumitted the same to IT dept. They have also not issued me Form 16. I have bank statement and salary slip as an evidance. Now My questions are as follows:

1. What is my libality in this case?
2. How can I file my return without Form 16. can I be in problem once I file my return.
3. What happens to the employeer in this case.


Regards,

Is FBT liable on following expenditure incurred by a management institute which is covered under the definition of employer u/s 115 W(A)

1) Distribution of laptops to students.

2) Following expenditure incurred towards students industrial training in abroad.

a) Accomodation and coach charges.
b) Air tickets and visa fees.
c) Student Welfare-i.e.Aagman, Amaze,refreshment & fresher party?