My Client sold a shop building in the year 2001 which was earlier used for business & dep. was claimed accordingly. The gain of Rs 50000 from sale of shop was adjusted against the cost of rs 3 Lacs paid for new commercial property purchased in the same year. The new property has never been used in business & no depreciation has been charged till date. Now the new asset has been sold on 30.06.2008 & a surplus of Rs. 5 lacs has been generated. Plz tell me whether the same is Short Term or Long Term ?

Can refund of TDS be claimed? The excess amount has arisen because the assessee didnt have the minimum no. of PANs for e- filing , which was compulsory. The company deducted TDS on all payments made in the nature of contract, whether TDS is attracted or not. Now the excess payment is to be claimed as refund. And the TDS deducted will be paid to the respective deductees, who dont attract TDS. What should be done for the paymentas made through challans?

WHAT DOES WINDFALL PROFIT TAX ACTUALY MEAN??????


HAS IT BEEN IMPOSED ON ANY CO/SECTOR IN INDIA????

how to fill up ITR 2 .Please replies urgently

Hi everybody,
I have a doubt regarding B com(AF). Last year after clearing my PE-2, I tried in companies like Accenture, IbM, E&Y, Reuters, who had openings 4 CA Inters. But they ddin't even allow me to take the interview, since I Haven;t done my graduation. They all told they want ca inter with graduation. So, I want to know whether this 1 year B.com(A&F) from ignou has any validity from point of recruiters. And also r u sure its only one year for CA PE 2 pass outs?

Pl. reply soon

My client business of Garment Store in J.H.V.Mall Varanasi (U.P.) Client paid maintanance charge 20/- per S.F.Mall extra T.D.S.charge 2.06% kya maintance per T.D.S.LAGEGA

2- Kya Service tax bhi lagega

Dear Sir,

I Want to make a provision entry of Entry of Audit Fees of Rs 1,00,000/- + Service Tax Rs 12,360/- Should i make separate entry of Rs 1 Lac and Rs 12,360/- or Should i make entry of Rs 1,12,360/- since we have not recd the bill

Regards

Ravi Konda

Dear Sir,
If I want a make a provision entry of Audit Fees since we have not recd the bill Rs 1,00,000/- Should i show separate entry of Service Tax of Rs 12360/- or should i make consolidated entry of Rs 112360/-

Please clarify

Regards

Ravi Konda

My question is as a Advocate, Advocate is mainting his accounts on payment and receipt basis. He received a demand draft dated 31.03.08 in april 5th Fy 2008-09 from his Company client, Company has deducted TDS on this payment. My question is :- What accounting entry is to be passed in Advocate Books and what will be the impact of TDS certificate for the FY 2007-08.
Reply please.

one of our clinet's job worker is charging excise duty on the job work charges. is it the right practice? The raw-material is provided by us.That job worked product is unsed in manufacturing the finshed goods which is excisable.
if yes, please provide me the concerend notification or section.
please also reply me at earliest on ingale_amit@yahoo.co.in