1. What method of depriciation is applicable as per companies act 1956 (wdv or slm) in books of account?

2. what are the depriciation rates on "pollution control equip." & "energy saving equipment", on "live stock" & "book" as per companies act 1956 (both as per "wdv" & "slm")?

1.I invested Rs.2,50,000/-in the equity shares of a Private limited company in the year 2005-06 from my savings from salary income and other savings.
2.Now that private limited company is received the Scrutiny order from the Income tax department for the years 2005-06 on wards.
3.Now that company is asking me to produce my personal balance sheets and Profit&Loss account explaining the source of income for that 2,50,000/-
4.since no need to maintain the books of accounts.I have not maintained any books for the years 2005-06 onwards.
5.for the FY2007-08 only i filed my first income tax return.
6.can any one please help me what i need to tell to that private company.they are asking me to produce the Balance sheet for the year 2005-06.
7.I am salaried employee.I don't understand why i need to maintain Books of account like balance sheet and P&L.

hi
this is regarding partnership firm accounting.please say me where should i post income tax payment made of firm for previous year in this year
income tax for fy 2007-08 paid on 1/9/2008
posting entry in books of partnership firm


regards survesh

hi
this is regarding partnership firm accounting.please say me where should i post income tax payment made of firm for previous year in this year
income tax for fy 2007-08 paid on 1/9/2008
posting entry in books of partnership firm


regards survesh

Can we claim Refund of purchase tax(CST)paid on raw material for production of goods for export?

Sir,
our co. sends some parts of machine to Foreign( JAPAN) for repairing purpose,they had charged in foreign currency.my question is :
1.Would it attract TDS.
2.If so then by what rate.is it @ 30%.
3.Is there is any direct nexus with INDIA.
4.Its i foreign Co. & they are performing the work in Foreign.
Plz Reply me soon.

what are the type of expenses admissible under guest house expenses? and what are the expenses not allowed as guest house expenses?

what is TCS? how is it levied on cash sales? how much percentage is it charged in the case of manufacturing concern?

Can a company take service tax input of the bills that are in the name of the company but the expenses were incurred on behalf of the clients?

is there any short term course with low expensive, as I can not afford expensive & long term course due to my family financial & members background. write now I am working in CA firm. I am 25 yrs old & having 4 yrs working but sound knowledge in accounts field. I am B.COM passed in 2004. I can spend maximum 2-3 yrs. pls suggest me suitable course with Amount