The assessee has a unit in mumbai SEZ-ABC Pvt.Ltd.-which has completed five years of tax holidays.The shares of assessee company are held by two shareholders who are also the directors of the company.This is referred here as Unit-I

The assessee company now setting up anonther unit in the same mumbai SEZ- with fresh investment,fresh machinery,fresh capital,fresh labour and managerial employees- and will follow all the conditions mentioned under SEZ Act and under Income tax Act. This is referred here as Unit-II


The books of accounts for the both units i.e. I & II will be maintained sepertely to arrive true and correct profit unit wise.

Can assessee company claim Exemption under section 10AA for Unit No. II while computing the total income of the assessee company.

Please also give other important information on the subject.

Regards,

WHEN WE WILL COME TO KNOW THAT TDS ON CONTRACTORS WILL BE APPLICABLE?

please answer the following query:

A COMPANY HAS HEAD OFFICE IN HARYANA AND ONE BRANCH AT DELHI. IT PURCHASES SOME CONSUMABLES FROM DELHI AND RECEIEVES IT AT ITS BRANCH OFFICE AT DELHI.BUT IT MAINTAINS ACCOUNTS ONLY AT HARYANA HEAD OFFICE IN RESPECT OF DELHI BRANCH ALSO.

NOW IF IT RECORDS THE DELHI PURCHASE IN ITS BOOKS WHETHER IT CAN CLAIM VAT INPUT ON DELHI PURCHASE TO SET OFF VAT OUTPUT IN RESPECT OF DELHI SALES.

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AT HARYANA, IT WILL BE A INTER-STATE PURCHASE NEEDING "C" FORM IRRESPECTIVE OF DELIVERY OF GOODS AT DELHI BRANCH.

PLEASE ANSWER THE QUERY IN ELABORATE MANNER. I

WHAT IS THE FULL FORM OF TIN & MEANING OF IT ?

sir, I had registered as PE II student on the basis of degree qualification(i.e by not passing PE I exam)in the year 2002, but unfortunately could not clear any exam. now i want to convert in to pcc course. I want to know when can i take up my articleship training, is it after completing my PCC exam or along with the PCC course

The company does not enough authorised capital and received advance aganist share capital. In such case what auditor should do 1. whether the auditors' report to be qualified or
2. attention be drawn by mentioning in notes or
3. disclosure in notes is sufficient.

Dear sir,

i want to know, my one friend has the 99 year lease land and now they are giving to builder. what will be the tax applicable for the same. and how can we save the tax.

please let me know its very urgent.

thanks

DEAR FRIENDS,

DURING AUDIT OF BOOKS OF ACCOUNT OF A PVT LTD I NOTICED THAT,THE COMPANY HAS DECLARED INTERIM DIVIDEND OUT OF ITS RESERVE WHILE HAS ENOUGH CREDIT BALANCE IN PROFIT AND LOSS ACCOUNT.CAN A COMPANY DO SO.IF YES, WHAT IS THE CONDITION RELATED THERETO.

hi
i am going to write my pcc exam in may 2009 . i am worried about about costing and fm . so can any one guide me like how am i need to prepare for this paper . it seems copmlicated .

pz plz help me

In the movie "Jane tu Ya Jane na",a Chartered Accountant firm has disclosed the firm name when all the names of directors,producers,actors are disclosed at the start of movie.Is this violation of Clause 7 of Part I of First Schedule.