Income Tax QnA - Page No 25302

All Resolved Open

Vijeesh Kumar.V

29 January 2009 at 09:35

Section 40A(3)

If Mr.ream purchase some raw material from Mr.Laxman for Rs19000(on 1.05.2008)and for Rs.19000(on 2.05.2008)and the payment(in cash) for both the bill was made on 3.05.2008.
Will these expenses will be disalloved?
Since these expenses are related to two different bills can we make cash payments to the similar person.

Divum

29 January 2009 at 00:34

loan processing charges

If company took credit facility for 6 months so processing charges for six month is supposed x amount than it treated like prepaid expenses or fully charged to p/l at one time only?

dhawal shah

28 January 2009 at 23:39

Depriciaion when flat rate of profit scheme is applicable

Can we deduct depriciation after taking income in flat rate , in 44AD 8 % scheme...

Ref : as per the CBDT circular no : 29d (xix )-14 dated 31-08-1965

please guide me about this circular ,

whether flat rate of profit is applicable beyond the limit of 40 lacs..

when the contractor has not kept the books of account..

please guide me about this matter.....

chinmay bansal

28 January 2009 at 23:12

conversion of PCC to IPCC

hi everyone.......
please help me.I am doing PCC & completed six month training.My PCC attempt will due in May 2010. I want to know that is it good for me or not to convert PCC to IPCC if I submit conversion form before 31st Jan & when my final exam will due. Please solve my query as earlier as possible.

madhur gupta

28 January 2009 at 23:03

diff b/w oppurtinity of being heard and show cause notice

hello friendzzzzzz
plz tell me what is the diff b/w oppurtinity of being heard and show cause notice?
plz explain with help of example if possible
thankxxxx

CA Sakshi

28 January 2009 at 21:19

TDS

If any firm has given fees to a company for developing a website for them THEN Is it a Service contract u/s 194 C or Professional fees u/s 194 J. Which TDS rate applicable. Can anyone tell me.