what will be tax implications on conversion from firm to company?

Pls suggest me what is the rate and how to calcalate sales Tax if applicable.

Sir,

I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.

Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.

Point No. 78

Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :

such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.

Point No. 87

Salary paid to driver of a motor car :
is a vehicle running & maint exp.

THE ABOVE TWO POINTS ARE CONTRADICTORY.

CAN U URGENTLY CLARIFY.

WHAT IS THE CORRECT TREATMENT?

Thanks

Subhash

1 )What is High sea purchase and High sea sale? and what is the accounting treatment for the same ?

2) What is Purchase for High sea sales?
what is the accounting treatment for the same?

Dear All Can One Person be the Owner or Proprietor of more then one Proprietorship Companies and He is Dealing in Different types of Business.
Thanks in Advance Pls Reply Me

For calculation of minimum alternate tax (MAT) u/s 115JB the book profit can be reduced by the loss brought forward or unabsorbed depreciation whichever is less as per books of account.
In the following situation which is the amount that can be deducted from book profit?
As Per IT return

Business Loss Brought Forward 2,00,000
Unabsorbed Depreciation 1,00,000
Total Loss Brought forward 3,00,000

As per books of account
Loss brought forward 1,20,000

Business loss and depreciation loss is not shown separately in the books of accounts.How can it be worked out?

is it necessary 2 write sec. also in law paper..(pcc)
i havn't written sec. will i loose marks 4 th same??

2 DIN Nos are allotted to a director of a Co, What is the procedure to surrender one of them?

Hi Dear..

We are a STPI unit hving a parent co.in USA, now we r going to purchase some chairs from malaysia costing around $28k, can our parent co. make the payment against it?? will there any problem concern to STPI, Income - Tax or FEMA??? waiting for your reply..

Nazir

hi everyone,

1. I want to go abroad after completing my CA. (result awaited). can anyone please tell me which is the best country for indian CA`s, my prefrence is go to austriala & canada .

2. Is it compulsary to do CPA or ACCA for going abroad ?

3. IS Pre qualifiction experience i.e Article ship is counted as experience in abroad ?

4. give me rough estimate of the expenditure for this purpose ?

i am waiting for your reply,
thanks in advance.

Regards
Manpreet singh

e mail : manpreet-1@hotmail.com