Whether the profit or loss on sale of depreciable asset would be reduced or added as the case may be while calculating the Book profit under MAT

Whether we have to pay MAT on sale of Depreciable asset

Regard

Yogesh gupta

please state what is the meaning of "an employee employed through contractors on building operations" and wheather he is entitled bonus or not and why ? and please also suggest in which book i will get answer of such kind why questions for pcc law ?

What the Sec.298 of Income Tax Act is about?

Hello Experts

I am Confused about following Notification;

Notification No. 34/2004 :says ST will not be paid if
(i)the gross amount charged on consignments transported in a goods carriage does not exceed rupees one thousand five hundred; or
(ii)the gross amount charged on an individual consignment transported in a goods carriage does not exceed rupees seven hundred fifty

Please advise me in following case keeping in mind above (ii);
1) Consignment Note No.: 1 for Rs. 235/- dtd 1/4/2008 (Truck No. ABC)
ii)CN : 2 for Rs. 350/- & CN No. 4 for Rs. 500/- both r Dtd 2.4.08 (Truck:ABC for both CN)
ii)CN 3 & 4 for Rs. 355 & 555 dtd 3.4.08 & 4.4.08 but delivered in same truck on 4.4.08(Truck no. ABC)

As per my Belief service tax will be liable as follows;
i)No ST to be paid
ii) Diff. CN hence no ST to be paid
iii) Same as (ii)

Please help me by providing your valued opinion..

Thanks
CA Rohit

dear friends,

i want to know about the procedures & policies to be followed for a purchase department and the role of laboratory in verifying the raw materials received in factory premises

I have consider trading in shares as capital gain.
Whether there is any case laws which support this treatment. Plz give reply as soon as possible.

hi
i hav a quarry
1. my housing loan emi start before i get the possisson of flat (loan under construction link plan)
2. can i take repayment of principle u/s 80c as decduction
3. can i take interest on loan u/s 24 as decduction under the house property
4. can i claim HRA

am holding an propreitory Firm with VAT registration i don't have Ser.Tax Reg. we do networking soluitons. we sell IT Products networking devices like Routers, switches, firewalls and softwares.

Couple of months back under sec-65 software will levy service tax as well as VAT.
Being a VAT registrar i can,t raise an invoice for Ser.Tax if i sell Softwares to my clients.
the thing is now i wanna reg ser.tax.
i wan't to confirm whether for example if i don have any invoices for ser tax for a month it is required to file returns for my VAT invoices under 12.36Cat or what

hi
i hav a quarry
1. my housing loan emi start before i get the possisson of flat (loan under construction link plan)
2. can i take repayment of principle u/s 80c as decduction
3. can i take interest on loan u/s 24 as decduction under the house property
4. can i claim HRA

hi
i hav a quarry
1. my housing loan emi start before i get the possisson of flat (loan under construction link plan)
2. can i take repayment of principle u/s 80c as decduction
3. can i take interest on loan u/s 24 as decduction under the house property
4. can i claim HRA