in case a business is existing And asset is purchased for expansion of existing business… as per proviso no deduction shall be allowed in respect of any amount of interest paid , In respect of capital borrowed for acquisition of a new asset for expansion of the business ( whether capitalized in books or not) and where such amount of interest paid is for the period beginning from the date on which the capital was borrowed for for acquisition till the date on which such asset is first put into use………..
Plzzz clrify this section n tell me y interest cannot be allowed when an asset is purchased for expansion,……………

For A.Y. 2009-10 what is the limit for Audit of Charitable Trust? Is it income Exceeding Rs.1,50,000/-.

Whether married females can alsotake expenditure on her dependent father in law and mother in law's travel U/S 10 (5)other than spouse and children

If a Private Limited Co (Non Listed) wants to declare interim dividend, so what is the stipulated period to make dividend payment and suppose if the Company fails to make the Dividend payment within stipulated period what will be the penalty under Companies Act and Income Tax Act etc…
Seek experts Advise/Opinion on the above.

Dear Sir,

I m a PCC student.I want notes for all subjects of PCC.If u have please send it to me.

Further I also want some advice from you about reference books for PCC for all subjects.Which books should I buy?
Recommend me.

Sir,I want to ask you that what are the publications of institute for PCC.Like it publishes suggested answers.What else it publishes?Does our institute publish scanner,compiler or any other helpful book.

Sir,I want to know concepts and process of VAT and sales tax.If u have any notes or article about that please send it to me.Make me understand about VAT and sales tax please.

I would be thankful to you.

Hi Experts,

Can any one help in structuring a salary package of INR 21L per annum for availing max tax benifits, even by converting most of the payments into FBT category, wherein the company is prepared to bear FBT, which is of-course much less than an individual paying IT @ 33% for this bracket.
Any calculation in MS excel / tips welcome

Dear All,

Following is my query-

If we have recieved Inward remittance from abroad for Invoice raised against software dev. activity, then in accounts how will be the treatment as far as currency conversion is concerned.

1. The date on which we receive amount in EEFC account
2. The date on which we convert the currency in INR
3. The Date on which we book the invoice.

Please let me know how and what will be the entires taking into consideration the exchange fluctuation gain or loss?

I have purchased the morpen lab 15000 nos and the average price is Rs 14
But now trading at 5 . what i should do and I can wait till jUne 09

I am a very old student and completed articles and appeared quite no of time Intermediate exam, and last exam was 1995.
If I want to again appear the exam what i should do
How many subjects are there for Inter
Pl tell me urgently

What is the procedure for filing the declaration by SSI unit after crossing 90lacs turnover?In which proforma it is to be submitted? Do we stop further sales after crossing 90lacs until the declaration is filed,or we can continue with our sales even in the meantime (i.e. before filing the declaration)?
Pls reply urgently.Thanks