Deepak
23 June 2008 at 12:15

capital or revenue

Sir,
1.A sea going ship replaces its hull(engine)due to mechanical failure.the ship has been accounted as a single asset along wiith the engine, in the fixed asset register.the engine is of same capacity as the earlier one. should the the expenditure be treated as capital or revenue? will the treatment differ if the engine is of enhanced capacity?
2.A car parking shed is constructed attached to a building and is integral part of the building. if the building is demolished the shed will loose its utility value and has also to be demolished. hence it has the same life as that of the remaining life of the building.the capacity of the building is increased as it is able to provide parking facility which it did not have earlier.should the the expenditure be treated as capital or revenue?


MAGESH.G

Interest on Uk Govt bonds half of which is recd in India -4000.PLz tell me sir,whether this an Indian Income,if yes,How much should be taken for
a.R&Or
b.R&NOR
c.NRI


Kalpana
23 June 2008 at 11:56

Transfer of Shares

Hi,

We are pvt ltd co with two directors.Please send me the
Procedure for transfer of shares from one director to another director

Thanks in advance.
Kalpana


T RENGASUBRAMANIAN
23 June 2008 at 11:06

Income Tax Jurisdiction

A Director of a Company files his Return of Income regularly with Company Circle for the Remuneration received by him from the Company. If his total Income consist of, Income from Business, whether by way of a}Proprietory Business or b)Remuneraiton from a Partnership Firm where his a partner. In such case, Whether his return should be filed with the Company Circle or with Business ward considering his place of residence. Kindly clarify


Abhishek Shah
23 June 2008 at 11:04

Tax Deduct at Source

Whether TDS to be deducted on payment by a company to Hotel above Rs.20000


Maqbulhusen Malaiwala
23 June 2008 at 11:01

Input Tax Credit

URGENT PLEASE !!!

A Company in the business of manufacturing of excisable / non excisable goods.

The Company is paying Service tax to Job Work Charges / Labour Charges for excisable / non excisable goods

Can this company avail the benefit of CENVAT Credit against service tax payable to Goods Transpot Agency. ??

Please explain with rules / section framed under Service tax Rules


T RENGASUBRAMANIAN
23 June 2008 at 10:55

Income Tax Jurisdiction

A Director of a Company files his Return of Income regularly with Company Circle for the Remuneration received by him from the Company. If his total Income consist of Income from Business Income whether by way of a}Proprietory Business or b)Remuneraiton from a Partnership Firm where his a partner. In such case, Whether his return should be filed with the Company Circle or with Business ward considering his place of residence. Kindly clarify


denis

I have lost my tds 1st Qtr Return Provisonal Receipt. I want to issue form 16A. for issueing form 16A require provisonal receipt No. I donot have Proviosnal Receipt No. I donot where is 1st qtr tds file the return? How can get ther provisional Receipt No?


Anil
23 June 2008 at 07:14

Online TDS payment

When making TDS payment online at nsdl site , after entering the challan details the website takes us to bank's site where it asks for Corporate id, user id and password.


My question is - Do banks provide BOTH Corporate id and User id to companies who want to make payment online?



Thanks.


Anil
23 June 2008 at 07:14

Online TDS payment

When making TDS payment online at nsdl site , after entering the challan details the website takes us to bank's site where it asks for Corporate id, user id and password.


My question is - Do banks provide BOTH Corporate id and User id to companies who want to make payment online?



Thanks.






CCI Pro



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