A Company received Rs. 1 Crore as compentation for cancelling a Sale Agreement pertaining to acquisition of land. Is that receipt of Rs. 1 Creore to be shwon as revenue in the P/ L account or can it be treated as deferred income and taken to the P/ L Account for a period of next 4 years commencing from A. Y. 2008- 2009.
What are the Tax implications and is there any Tax Rebate available for that?

I am paying office rent Rs.21000/- per month from october 2008 but I have not deducted TDS from rent. Now I have applied for TAN and will deduct tds from rent from January 2009 I want to know do I have to pay TDS from october.Plz help

Thanks

HELLO, THIS IS ROHIT KUMAR SINGH ACTULLY I WANT TO KNOW THE APPLICABILITY OF PROVISION IN THE PAYMENT OF COMMISSION IN USD. IS OUR LIABILITY TO PAY TDS ON THIS PLS GIVE YOUR VIEW WITH REFERED PROVISION OF TAX.
WITH REGARD
ROHIT KUMAR SINGH
KUMRA BHATIA&CO.
NEW DELHI

I filed IT return for AY 2007-08 but i lost my acknowlegment. Now how can i claim for my refund.
Is on the basis of PAN no i can get the detail of my return from ITO. plz reply soon

Thanx in advance

Dear Experts
Let me have your opinion on the cvd and Spl.cvd paid by us on our imported capital goods can be cenvatable under service tax or not. As we are providing service only and not involved in any manufacturing activities.
Regards

1. sale of motor car in a patnership firm to company .

2. whether cost will be original cost -deprecition as per company act 1956 or dep . as per income tax for the year 2008-09 also .

3. any income tax liability involved.

4. any sales tax liability /vat is involved

1. sale of motor car in a patnership firm to company .

2. whether cost will be original cost -deprecition as per company act 1956 or dep . as per income tax for the year 2008-09 also .

3. any income tax liability involved.

4. any sales tax liability /vat is involved

Sir

For how much period of time an auditor has to retain the documents according to ICAI guidelines or any other law.

Please tell where it is mentioned in law.

Regards

can i have mao caro 21 provisions (if any amendments over there)

My Father has sum of Rs400000 and he want to invest his money but other than stock market and mutual fund.I suggested him to invest in some specific stock but he deny for the same.I also suggested to invest in Insurance and also in Post office scheme but he invested only small part of it.He want to invest in some other avenues.so anyone suggest me for the same???i.e.now,what kind of Other Investment is posible for him???