Who can adept cash or Mercantile system of accounting ?

What is the major difference in cash and mercanile system of accounting ?

Can a company follow cash accounting system ?

please also tell when it can follow cash accounting and mercantile system of accounting ?

Who can adept cash or Mercantile system of accounting ?

What is the major difference in cash and mercanile system of accounting ?

Can a company follow cash accounting system ?

please also tell when it can follow cash accounting and mercantile system of accounting ?

Myself and my wife, both are working, have applied for a housing loan with LIC. The property will be in joint name. Who can claim deduction under Income Tax Act for the interest and principle repayment of the loan. Please advice.

An assesse who has failed to filed ROI for the Assessment Years 06-07, 07-08,& 08-09 can again file the same in A.Y.09-10?

Also if the income of such person in all above mentioned A.years is below the taxable limit then whether he should liable to file return of respective assessment years?

Dear Sir,
If i have provided a service on 24th Feb (a day before the ammendement in the rates) wat will be the rate of service tax on such service and within how much period should i raise the invoice... Pls provide me the relevant sections for the same

SEC.194I TDS AND SERVICE TAX CHARGED ON RENT
FOR E.G. 100000 RENT PLUS 12.36% S.TAX I.E.12360 AND 112360 SO TDS MUST BE CHARGED ON 1 LAKH OR ON 112360? AND WHY?
EXPLAIN LOGICALLY?

PLEASE CLARIFY?

An assessee is engaged in the business of operating trucks and computing his business income as per section 44AE of Income tax Act,1961 and also not liable to maintain the books of account as per the provisions of section 44AA of the act.

During the year 2001-08, an assessee has sold 2 trucks out of his 6 owned trucks after 4years of its original purchase. Is capital gain on sale of the 2 trucks laible to tax during the year and if yes,

1. Whethe block method of depreciation and computaion of short term capital gain in that accordance applicable to it?

2. Whether it will be treated short term or long term capital gain and indexation of cost is allowed for the same?

Pls tell me the address of Ward 15(2)(3) or mum/w/952/3 in mumbai

pls share information how to find ward where to file income tax return of an individual in mumbai - Any List in excel

Hello,
advise which type of tax(VAT or Service tax) charge on Rent of Laptop..
give provision reference to the result.whether its covered under deemed sale and charge VAT.or it cover under service rule and charge the service tax for the same

Can interest charged on service tax paid be claimed as a deduction from the profit of the business in the year in which it is paid? If not , what is the usual accounting treatment?