when machinery is at cost is there then while preparing a/c of machinery disposal a/c then depreciation as charged at credit of it?
why?

If in balance sheet op. balance of machinery is 80,000 & cl. is 55,000 & During year a machine costing Rs. 10,000 with accumulated Rs. 3,000 was sold Rs. 5,000 then what is effect to b taken in cash flow statement?
With reason answers plz?

Case pertains to exemption of capital gains tax under Section 54F of Income Tax Act. The capital gain of Rs. X accrued in Dec 2006. As per sec 54F, the amount of capital gains should be used for construction of a house with in 3 years, to claim exemption from income tax. I had purchased a Plot (P) for Rs. Y during Dec 2007 for construction of house and balance i.e. Rs.(X-Y) stands deposited in Capital Gains Saving Scheme.
Meanwhile I have liked another Plot (Q) for construction of my house. Now, I wish to sell the Plot (P)purchased earlier, buy Plot(Q) and construct a house on this Plot before Dec 2009.
I would like to know my Tax liability in the above case.
Thanks

Hello
I started my articleships on 22th of october 2008 i.e according to it i can give my PCC exams in may 2010 i.e after completing my one & a half year of articleships?
But as now u all may b aware that new IPCC has came which provides that students can appear for 1st group of PCC in nov2009?
So my query is that can i get transfer to it ?
I also wanna give my 1st group in nov2009?
What shld i do?
Any option by ICAI?

My stock broker charged a sum of Rs.25000 towards Securities Transaction Tax and issued me a certificate. I want to know can i claim this amount refund as I am not liable to pay Tax.

I need a clarification on whether I the daughter of an NRI mother can gift say Rs.10 Lacs. Will there be any tax that my mother will have to pay for receiving this tax.
As per income tax law gifts received or given to blood relations are not taxable, is this provision also applicable in case the blood relation happens to be NRI ?
please clarify

Could anyone suggest a book/ site on excise wherein details of maintaining excise records/ registers/ forms etc. is given in a simple language?
Thanks a lot!

acctuly i m cmpletely from hindi background as per study n m tense wat to do nw? n a hav nt yet clear my pe2 exam nw m decided to quit suggest wat to do n do a job in same field kaya koi job mileg n i hav also cleard my graduation so suggest for my bright futur thanx for redaing my query

I am paying a rent for my office including service tax, so should I deduct the TDS on the whole amount or I have to deduct service tax from the rent and then deduct TDS

WE ARE MANUFACTURER OF STAMPINGS AND ALSO DOING JOB WORK. WE SOLD SCRAPS ARISING FROM JOB WORK AND CHARGED PLA DUTY FROM THE CUSTOMER AND PAID. BUT MY QUESTION IS THAT CAN WE AVAIL CENVAT BENIFIT ON SALE OF SUCH SCRAPS ? AND IS IT REQUIRED TO PAY DUTY TO THE MANUFACTURER OF WHICH JOB WORK HAD BEEN DONE ?