During the course of assessment the Assessing Officer has raised a query and asked the assessee to justify that :Why the depreciation on computer peripherals be not restricted to 25% instead of 60%?

Is there any case law in support of the the Assessee's contentions that depreciation on computer peripherals is admissible @ 60% and not 25%.?

How the same may be explained to convince the AO?

i am a student of C.A pcc and my attemt is on may 2009. how many hours should i study daily now .

Sir,
The details are as follows
1.95% of share capital of an Indian private limited company(100% EOU under STPI ), set up in 2001, is owned by a foreign company
( Italian).
2.Now the foreign company wants to transfer the shares to another foreign company.

Kindly clarify what are the procedures to be taken under various laws;viz,FERA, Companies Act, Income tax act etc.

Please calrify whether
1. An OCB can transfer the shares to another OCB,if so permission is required ?
2. Income tax will be attracted on the Indian Company ( as an agent )?

Upto what time, (1) shares money should be received by subscribors of MOA ?
(2)time limit of shares allotment
(3) time limit of issue of share certificate
(4)any time limit of first board meeting
(5)Can share money received by cash
(6) Form 23b should be fiiled in case of first auditor

Please give some case law or circular which states that these tax are mutually exclusive and both could not be levied on the same items. There are some probles in the IT services as there has been amended in the Service Tax Act this year

Dear All
Please share any information related to Project Financing & Control. PLease share material or suggest best books for this. Is there any specific course for this.

Regards
Pawan Agrawal
agarwal.pawan@rediffmail.com

I am receiving a rent Rs 1.00 lakh per month which is sharing equally myself and my wife. The property is in the joint name. The property has given letout for a company. Please guide the service tax provisions, whether service tax applicable to this case? and we are rental income from other properties also.In case if required to pay service tax.. who has to pay the service tax i.e service provider or service receiver. Please clarify ?

hi sir can any one tell me which r the best books to be followed for pcc .for all subjects seperate books i need sir ?i mean the books which r the best for the subject?

In 100% E.O.U. who has fulfilled the export obligation and intends to disburse unutilized part of imported raw material with two years to D.T.A. on applicable duties and taxes whether interest is payable on the duty amount from the date of import?

(Reference Notification No. 52/2003 Customs)

Kindly Suggest

Regards

Plz Tell me...
what is deffered tax liability and deffered tax assets?

how do we calculate it?