What is the rate of depreciation on motor car for A.Y. 2009-10. I heard that the government had issued a notification that we can claim 50% of depreciation is this correct. please clarify my doubt.

Dear All,

Give me
1. I am working in a trading firm and there are about 25 employees.
what is simple way of salary calculation.

2. Performa of monthly salary sleep.

Section 295 prohibits company to make any loans to:

a) any director of the lending company, or of a company which is its holding company or any partner or relative of any such director;
b) any firm in which any such director or relative is a partner;
c) any private company of which any such director is a director or member;
d) any body corporate at a general meeting of which not less than twenty-five per cent of the total voting power may be exercised or controlled by any such director, or by two or more such directors, together; or
e) any body corporate, the Board of directors, managing director or manager whereof is accustomed to act in accordance with the directions or instructions of the Board, or of any director or directors, of the lending company.



Query:


Where a Public Limited company makes loans to a Private Limited Company in which no director of public limited are director/relative/partner in private limited. Subsequently, one of the directors of public limited becomes director in private Limited. Whether, it is contravention of section 295 of Companies Act.

Dear All

Give a performa of balance confirmation form debtors/creditors as on 31.03.09

Harish

Dear Sir,
I have just cleared PE II Exams. I have also finished my articles in 2004.I would like to appear for CA Final(Old Course) in June09.So could u please send me the registration form which I shall download and submit quickly.

Thanking You
Abhishek

If Assessee has taken Home loan Jointly with his wife in Equal Proportion. But Housing Loan is repaid by Assesess only & not by His wife. Then How much Housing Principal & Interest will eligable to Asessess

Dear Friends,
We have got Apeal order from CIT (A). The date of order is 16.12.2008 & we have received the same on 12.02.2009. By when we can file the Apeal in ITAT against the same?

Contract with the supplier has been made for preparation and installation of SIGN BOARD at our franchise outlets.

In this situation whether TDS would be deducted @ 1% as advertising contract or @2% as simple contract of work done.

Please reply ASAP

Regards Yogesh gupta

Pls let me know which is a better book,and a easy book to understand for direct taxes,CA final old course.Manoharan or Girish Ahuja,as i have not attended classes and will be doing self study.I am appearing in june 2009.Thanks
pls email me on mchhaya@gmail.com

Proviso to rule provide that id capital goods are removed as such after being put to use then the mfg. has to pay an amount equal to cenvat credit availed in respect of such goods reduced by 2.5 % for evry quarter of year or part thereof starting from the date of taking cenvat credit .

My query is that if mfg. having acquired cap goods and put to use and removed it out of factory in the same financial year , is he is required to pay an amt. eqaul to 50% cenvat availed as reduced by 2.5 % per quarter of use or otherwise .