Dear All,

Wish you a very Happy Makarsankranti!!!

I have a small query-

How many accounting standards are there presently? Has Environmental accounting Standard got introduced? Is it 31 or 32?

How many IFRS are there- is it 34?

Can you provide some link for IFRS and Accounting Standards go through?

Regards,

Amit Deokule

We are a lessee are having the following Clause in our lease agreement, the agreement was entered before service tax became applicable on rent;

"That the payment of rent as provide herein shall be subject to tax deducted at source as per the Income Tax Act, 1961 and rules framed there under and any other applicable laws as amended from time to time. Any Fresh taxes/additional levies imposed in respect to the rent payable shall be deducted as and when they become applicable."

Given the above clause, we as a Lessee are liable for service tax payment. Please advice.

A DEALER HAS IMPORT THE CEMENT FROM OUT OF INDIA AND MADE DOCUMENT SALE ( HIGH-SEAS SALE ) TO ANOTHER DEALER, CUSTOME ALSO CLEAR ON 2ND PARTY NAME. WILL THE DEALER LIABLE TO GET REGISTRATION OF SERVICE TAX OR SHOULD DEDUCT THE SERVICE TAX AND WHICH RATE IF APPLICABLE ? ?

Can Bonus Equity Shares be Issued to
the Preference Shareholders??

If Y is in jobwork contract with X convertion of product.
As per contract Y convert product & direct dispatch to X customer from his location as per intimation from X.
Then Wht document Y need to prepare to dispatch along with material???
Can Y prepare bill/Delivery Challan on his name & Address???
or
Can Y prepare bill/Delivery Challan on X name & Address???

Dear All,
Can any body tell me what is the procedure to become an IAS officer.

Also tell me is it possible to pass the exam by a Average Student.

Regards

I have received a TDS certificate for the A.Y. 2006-07 now. The TDS was not claimed in the return and now the assessment is also complete. Could you please let me know how can i claim the credit of TDS certificate

from which date the circular is effective?

Please suggest some caselaws in relation to Income benefit u/s.28(iv)in favour of assessee.
Matter is:
Instead of taking the actual sale value A.O. took intrinsic value of unquoted shares as sale value and the difference between intrinsic value and par value was considered as income benefit u/s.28(iv) and disallowed.

Mr.A, shareholder in M/s. ABC pvt. Ltd. co. holding more than 90% of shares.At the time of scrutiny of M/s. ABC Pvt. Ltd.Co. the concept of deemed dividend came into picture.Mr.A accepted to it. Thereafter a notice u/s.148 was issued to the Mr.A. Against this Mr.A filed a revised return and paid tax on deemed dividend.This revised return was selected for scrutiny and order was passed accepting the income as stated in revised return. While filing the revised return Mr.A did not consider interest u/s.234C following the funda that 234C is levied on returned income and it cannot be altered in subsequent proceedings. But in assessment order A.O.levied 234C interest.So is the A.O.s contention right or what Mr.A did was right?Can Mr. A file rectification letter u/s.154 in relation to same?