Two Agreement with the same party of less than Rs. 120000/- each (say Rs.119999/-each) would attract the liability to deduct the tax.

Sir,Madam
I want to know that why income tax act is not applicable in Jammu& Kashmir and at other places?

Dear All Members I am Having Query regards PF & gratuity,
I am Doing Job With a Ltd. Company from last two years where they deduct 2250 PF & Some Amt for Gratuity now I want to Leave That Co. can I transfer the same Pension Fund A/c & PF & Gratuity A/c To Another Co. Can I do So.
If I Will not Getting PF facility in another Comapny then can I got The Money of of PF & Gratuity which already deducted by my previous Employer.
pls Help Me.

Dear Experts,

Pls.guide me which book is best for refer accounting standards in dtail with good example.& also for income tax & it is simple to understandable.

I need also guidance note for section 115JB with latest updation. & email id for amit bajaj.

Pls.sove my queries asap.

Regards,
Prakash Jasani

email id: prakashjasani_56@rediffmail.com

Sir,

One of my friend told me that,if we have completed one group in CA Final before Nov,2009, 2 more attempts will be available for us to complete remaining group i.e.,upto Nov 2010.

please confirm me whether this is correct or not.

Yours faithfully

G RAMESH BABU

I want to know the answer for the following question

Suppose 1 machinery amounting to rs. 100000 has been purchased on 01.01.2002 and the W.D.V of the machinery on 31.03.2008 is Rs. 40000 and now this machinery is being sold for Rs. 150000.

Someone says that Rs. 50000 is a capital profit and Rs. 60000 is revenue profit whereas sopmeone contends that Rs. 110000 is a revenue profit . the clarification given by them is that nothing has beemn specified in As-10 that there is capital profit above the historical cost . however one of the expert said that it has also been held by the institute in the journal of june 2000.(copy of journal is not available to me so i am not able to verify the same)

Please reply the same from view points of accounts i.e treatment to be done in the books and dont explain me the GYAN of income tax act and also i request u to give proper backing to ur answer.

I want to know the answer for the following question

Suppose 1 machinery amounting to rs. 100000 has been purchased on 01.01.2002 and the W.D.V of the machinery on 31.03.2008 is Rs. 40000 and now this machinery is being sold for Rs. 150000.

Someone says that Rs. 50000 is a capital profit and Rs. 60000 is revenue profit whereas sopmeone contends that Rs. 110000 is a revenue profit . the clarification given by them is that nothing has beemn specified in As-10 that there is capital profit above the historical cost . however one of the expert said that it has also been held by the institute in the journal of june 2000.(copy of journal is not available to me so i am not able to verify the same)

Please reply the same from view points of accounts i.e treatment to be done in the books and dont explain me the GYAN of income tax act and also i request u to give proper backing to ur answer.

Is there any Service Tax Return Preparer Scheme is coming up. If so when and how can one became a service tax return preparer.

Hello,
If a person change the company during 2007-2008. Then in ITR-2 Form Schedule-S on page no.3 only 1 company's details can be filled up. How we can add the second one??
Thanks

Dear Sir,
One of our clients has paid the TDS amount online, He got the acknowledgement No also but due to some default in the Computer he couldn't take out the printout of the Challan and as such he has neither noted down the serial No of the Challan, can you please guide as to whether how can now he get the print out, is there any facility of reprint of challan on giving the acknowledgement No.?