I want to knnow that is it necessary to register the asset ( premises) in the name of the assess to claim depreciation as per I.T. Act. As per companies act substance over form concepts whether applicable or not. Actually To tax LTCG on sale of officepremises I want to increase the value of block by purchasing but the registration work will not b completed within such time

Please Advice

What Is Provision ?
In Which Condition we Should Create the provision

Can any one avail Deduction of Interest on Personal Loan taken from ICICI Bank or any other in Inocme Tax.

Whether Tax has to be deducted on Payment made for imports to Clearing and forwarding Agents?

I think it has to be deducted on consultancy charges.But should it be deducted on Clearing and Forwarding charges,Transport Charges?

WE ARE IN THE BUSINESS OF MANUFACTURING MODULAR FURNITURE AND MY QUESRY IS WHETHER WE CAN REMOVE THE COMPONENTS BY PAYING ED ON A DELIVERY CHALLAN AS WE NEED TO MAKE A SUMMARY INVOICE WHEN ENTIRE SUPPLY IS COMPLETED. THE MODULAR WORKSTATIONS ARE TRANSPORTED IN UNASSEMBLED FORM WHEREIN COMPONENTS ARE TRANSPORTED IN THE ORDER OF THEIR FITMENT.
NOW WE ARE INVOICING EVERY COMPONENT BEFORE WE TAKE IT OUT OF THE BSR AND AS SUCH WE ARE UNABLE TO ISSUE THE SUMMARY INVOICE AS REQUIRED BY THE CLIENT.

PLEASE CLARIFY WHETHER WE CAN REMOVE THE COMPONENTS FROM BSR ON DCS AND THEN WHEN THE DELIVERIES ARE OVER WE MAKE A SUMMARY TAX INVOICE AND SUBMIT TO THE CLIENT.

Sir, I have provided accomodation by employer and my spouse is also working with same employer. I am not getting HRA alloweance because accomodation registered on my name just i want know wether my spouse is applicable for HRA or not. Now she is getting benifit of HRA but auditor pointed out she should not get but no body having documentry proof to confirm of applicability of HRA. Please advice me in this matter.

Thanking you

My colleague opined that the valuation of closing stock on dissolution of firm will be on the market price u/s 45(4). While I am of opinion that closing stock is not covered in the definition of capital assets. Please clarify with citation that Whether I am right or not.

dear sirs,
i am undergoing my articlehip here in india...my pce exam is due in this june'09...i shall be taking leave in april and may...my family staying in uae wants me to join them during those days...now i would like to know:
1)if i go abroad, can i write my exams from u a e?
2)if yes, is it enough that i choose dubai or abudhabi as centre in exam application form and also pay the respective fees?
3)can i get my hall ticket in my uae address if i give it as my address for communication...though my permanent address in board's database is different?

pls answer these queries and help me to make a decision at the earliest.

thanking u..in advance

Is there any time limit for a Pvt ltd co to allot shares for application money received

hi friends, my name is Amit Aggarwal.I have just cleared my PCC exams.Frnds I m in great confusion now a days regarding coaching classes especially MAFA. I live in Delhi and want help from all of u freinds. Can u tell me the name of coaching class which one is best in Delhi.Plz frnds reply me, if u better know on my id i.e amit.062010@gmail.com.I will very appreciate to you..
Thanks.....