CA. Santosh Jain
23 February 2009 at 17:08

Income tax refund

What is the accounting for income tax refund amount ?


Gargi Ranade
23 February 2009 at 16:50

applicability of Section 297

Hi dear all,

Please guide me on my following query;

We are private limited Indian Co. which is subsidiary of Japanies ltd. co. ,we regularly trade with parent co. through our purchase sell contract ;

these Co .are closely held Co. having common directors.

Plese tell me is it require to take Govt approval for regular sale purchase contract of the Co. U/S 297

We have taken FIPB approval for our collaboration is it sufficient and if any approval is required what is procedurre to take this approval.

Thanking you in advance for your reply


Pranita Chawda
23 February 2009 at 16:49

Can any 1 giude me for pcc studies

iam doing pcc appearing in dis june 09, i hv only 2month leave from office , can any1 guide me how to complet the sllybus in 2 monthss plz


Regads,
Pranita


Feroz
23 February 2009 at 16:44

TDS Payment

hi , any one tell me how fill TDS Quarterly Return Challan. I paid both first & Second Quarter payment . Now how to enter the amount in 1st Quarter Challan. Wheather exact amount of 1st Quarter or Full Challan Amount (i.e. both 1st & 2nd Quarters pyt paid )

Reply me fkasif@gmail.com


Mahesh B Chandorkar
23 February 2009 at 15:35

service tax credit

when should we take the service tax credit at the time of payment or return ?

can any one tell me ?
with example


Pawan Bhutani
23 February 2009 at 15:10

Internal audit

Can anyone send me check list of internal audit of insurance co. or other same.

my id bhutani.pawan07@gmail.com


CA Gaurav Rastogi
23 February 2009 at 14:39

TDS on reimbursement

Dear Sir,

If any expenses is there on which we have deducted TDS and that expense is reimbursed in entirety to us by our party (debtor) then Whether that party will deduct TDS from such reimbursemnet to us or not. My view is yes that party deduct TDS.
Please Advice.


bhanuprasad
23 February 2009 at 14:15

Treatment for Fixed Assets

Hi can any one suggest me solution for below
situation
A company capitalised its asset for Rs. 10,00,000 and closed its financials for 2007-08. In 2008-09 while reconcilation with party accounts, it found that actual asset cost was Rs. 15,00,000.
Now what will be the accounting procedure for this situation


ATIT D SHAH

Please reply,

An assessee purchases a machine of Rs. 1,00,00,000/-, and does a contract with a firm for its transportation from its place of manufacture to the assessee's factory. For this he pays Rs.1,00,000/- to the firm, how ever he does not deducts tax at source. As this Rs. 1,00,000/- is a capital expenditrue it is required to be capitalised. But due to non deduction what will be its consequence ? Wil it have any effect on depreciation charged on that machinery ?


Jayesh Jagetiya
23 February 2009 at 13:50

LTA

Dear friends,
to one of our employee we have given LTA like below:-
in 2006 - Rs. 25000/-
in 2007 - Rs. 25000/-
in 2008 - Rs. 25000/-
in 2009 - Rs. 25000/-

he will be eligible for exemption of Rs. 50000/- or Rs. 100000/-?






CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query