Respected Sir,
as per income tax act assessee sholuld pay FBT on Depreciation on Cars.
My query is if an assessee has sold car during the year, say in 3rd Quater, then how to calculate FBT on deprecition in that case.
Whether any FBT sholud be paid for 1st & 2nd quarter.

Kindly reply soon.

Whether TDS will be deducted under work contract on hire charges of crane used in factory for shifting of heavy raw materials or other materials.

As per AS-22, Deferred Tax (Asset or Liability) should be recognised only when there is a temporary difference between taxable income and accounting income.

Now as per AS-31, The Financial Instruments need to be marked to market and recognise the anticipated losses in books. Since these losses are not recognised by income tax. This will give rise to a difference between taxable income & accounting income.

But I am uncertain about the type of difference it should be referred to - permanent or temporary.
The reason being if the actual sale of instrument results in profit, the anticipated loss becomes a permanent difference, as no loss occurs at any time and was never reversed.

How many leave an article can take during his articleship. how much is the minimum attendence for 3 years articleship period so as to complete articleship on time.

we have to file IT return and in our PAN no date of incorporation is not mention instead it is written as ANCESTAL, if we put 01010001 also it is not taking? Can you help us in filling the same

instead of 3% educess
2%has been deducted
what is the penalty/interest

dear sir.. i got one doubt..
in case of co-onership of factory which has been let for factory operations for Rs 9000 per month to each owner.
so total rent for the year Rs 1,08,000/- per owner which is less than 120000/-p.a in this case TDS applicable..

dear sir.. i got one doubt..
in case of co-onership of factory which has been let for factory operations for Rs 9000 per month to each owner.
so total rent for the year Rs 1,08,000/- per owner which is less than 120000/-p.a in this case TDS applicable..

Dear Sirs,

I want do MBA .. But i am unable to decide whether to do MBA now( preparing for CAT and get a seat in IIMs )

or

do Executive MBA after some post qualification experience...

Also clarify , whether a nongraduate qualified CA having some work experience can do executive MBA?

Hello,

Does petrol expenses paid towards two wheelers of employees become liable for FBT under the category of 'Conveyance'?