Can anyone provide me info on ITO range / ward jurisdiction in Andhra Pradesh / Hyderabad (like which area falls under which ward) for filing return of income.

What is "beta" in CAPM of Financial Management? How shall we used in problems in exams? I want to know in detail? Pls.......

i have paased cpt in aug 2007
started training on 20 th october2007 as per registration letter ...
my attempt for pcc will be may 2009 ..!!!
QUES) when can i give ca final papers
a)if i give both grps in may?
b)i give 1 grp in may n other in nov2009 ?

Sir i have a small doubt on the entry that has been posted!!!

Suppose, mat provision is 70000 and income tax provision 50000 ,mat entitlement to be carried forward would be 20000.

The year in which tax becomes payable as per mat ,shudn't the entry be

Income tax a/c dr 50000

mat entitlement dr 20000

To Income tax provision 70000

In next year subsequently the provision can be reversed too

Sir could u please clarify

Sir i have a small doubt on the entry that has been posted!!!

Suppose, mat provision is 70000 and income tax provision 50000 ,mat entitlement to be carried forward would be 20000.

The year in which tax becomes payable as per mat ,shudn't the entry be

Income tax a/c dr 50000

mat entitlement dr 20000

To Income tax provision 70000

In next year subsequently the provision can be reversed too

Sir could u please clarify

Sir i have a small doubt on the entry that has to be posted!!!

Suppose, mat provision is 70000 and income tax provision 50000 ,mat entitlement to be carried forward would be 20000.

The year in which tax becomes payable as per mat ,shudn't the entry be

Income tax a/c dr 50000

mat entitlement dr 20000

To Income tax provision 70000

In next year subsequently the provision can be reversed too

Sir could u please clarify

Hi all,

Kindly resolve the following query:

A Company deducts tax from source (TDS) where applicable as per law, at the time of making payment to parties/vendor. The same company also gives advance to some of its employees in order to carry out project activities. Here, the project staff after taking the advance executes the project work and thereafter submits all the bills for settlement of advance. It has been observed that some types of payment made by the project staffs attract TDS. So, in these cases the company is not directly dealing with the vendors. Now, my question is ----
Can the project staff deduct TDS on behalf of the company like the company is deducting tax while paying directly to the vendor?

Please specify the related provisions of I.T Act if applicable to above query.

Thanks in advance.

where to show Premium on Redemption of Debentures in the balance sheet?

Hi all,

Kindly resolve the following queries:

1. An employee (has taxable income) gives a written declaration to the employer stating that Tax not to be deducted from his/her salary for the time being until further intimation. Should the employer accept such declaration? Or the employer should ask for a certificate from ITO for non deduction of Tax or TDS at lower rate?
2. How TDS amount on Salary is to be calculated /determined by an employer?
3. Should employer release salary applying proportionate TDS every month or it can also be deducted during those months closer to the end of financial year (Jan to March)?
4. Is it obligatory for the employer to collect all the proofs/supporting documents/receipts etc. in respect of deduction/IT benefit claimed by an employee? Or only a written declaration from employee stating investment status is sufficient?

Please specify the related provisions of I.T Act if applicable to above queries.

Thanks in advance.

wdv of asset on 1/04/07 was 500000/- it was sold on 31/08/2007 afterwards another asset was purchased on 01/01/08, what will be its treatment on depreciation, shart term capital gain, and its wdv on 31/03/2008.