Dear Sir,
An 100% EOU makes sales to another 100% EOU for which the excise and customs act gives permission and under SEZ policy they are treated as exports eligible for NFE purposes. Even thought the assesee realises the consideration in INR but as they are finally exported and the other EOU gets the realisation in Foreign currency. The CFE is ultimately brought into india. Then are those sales eligible for exemption under section 10B of Income tax act?

Whether a company entitled for deduction u/s 80IA can claim the same if it shows the rent income from leased property under House Property Income and not under Profits & Gains from Business and Profession??

There is a three asset in one block (Plant A,B,C)worth of Rs. 6 Lakh.Plant A has been sold for Rs.8 Lakh so difference of Rs.2 Lakh is a Short term capital gain and the W.D.V of that block is zero.After few years ,Plant C has been sold for Rs.3 Lakh,whether this amount is to be treated as short term capital gain ? Explain the tax implication of Rs.3 Lakh ?

If I do registration on back date of service tax can be pay any interest or penalty on such registration

We have reimbursed Rs. 15,000/- to a newly joined employee for the transportation of his furniture from Mumbai to Ahmedabad (Last company to joining location). Will this expenses be liable to FBT?

Mr A Chartered Accountant is a director of a company named xyz ltd and he also partner of AB& CO Chartered Accountants.
AB & CO appointed as a nternal auditor of xyz limited.
In the above the Sec 314 will apply or not??
Exemption given U/s 314 to work as professional capacity can enjoy by AB & CO or exemption is only applicable to individul capavity?

pls clear my doubt??

Our company have formulated a scheme for sales performance in respect to Pharma product. Two sales personnel are eligible to get incentive for the first quarter of FY 2008-09

(1) Please clarify whether this will be treated as FBT taxable allowance or FBT exempted allowane.

(2) I understand that these incentives will be included for the purpose of TDS on salaries and allowances of concerned employees. Please confirm the same.

I HAVE PASSED ONE BOARD RESOLUTION FOR PRIVATE PLACEMENT IN SHARES OF OTHER COMPANY IN JAN 2006

DO I HAVE TO PASS THE SAME AGAIN AND AGAIN WHEN IN AM APPLYING FOR PRIVATE PLACEMENT

PLEASE CLARIFY.

IN A.Y 2007-2008 MY NORMAL TAX AMOUNT IS 1000 AND I HAVE PAID MAT RS. 5000.00

WHAT WILL BE THE CARRIED FORWARD AMOUNT OF MAT CREDIT

SECONDLY IN RS. 5000.00 (SC & EDD CESS) IS ALSO INCLUDED . WILL THESE BE ALSO CARRIED FORWARD AS MAT CREDIT

THIRDLY ANY ENTRY IS REQUIRED IN BOOKS AS PER ACT FOR MAT CREDIT

I REQUIRED FOLLOWING FORMAT OF BOARD RESOLUTION

1 RECEIVING OF DIN2 FROM THE DIRECTOR AND SUBSEQUENTLY FILLING OF DIN 3 WITH ROC

2 PURCHASE OF PROPERTY AND SUBSQUENTLY RENTING IT AFTER SOME MONTHS

SUMIT