in 80ic there is a condition for claiming it is:-
Business is not formed by the transfer to a new business of plant & machinery previosly used for any purpose.(more than 20%)

if we aquire old plant machinery on hire, than it will be covered by above or not ?and we will be not eligible to the deduction or not?
old machine hired can be more than 20% of new plant & machinery purchased?

Sir
My question is, whether limit of 45 tax audit includes statutory audit of Companies or this limit is only for audit u/s44AB of I T act
Please specify me about the ceiling limit for tax audit & also about statutory audit

Dear All,

If any person file individual return form-2(e-return) for the asst. year 2007-08 on 31-07-07 but he have not digital signature and he paid all income tax liability on 20-07-2007.But could not file form V with I Tax dept.than IncomeTax dept.,would be treat with assesse.

harish

I have recently taken up a new employment in a new city. The new employer reimbursed the notice pay paid by me to the previous employer. He has also picked up the transportation charges for household goods from my previous city to the new city & brokerage charges for fixing up a house.

Pls clarify on the taxability of these payments? Would they be taxable as they are only reimbursement of expenses incurred?

In what period a incone tax return could be reviced.

hi
can somebody tell me that according to income tax a person (individual) to whom make a gift and what are its conditions

i want just a brief of the EPF ACT like wat is the minimum and maximum amt on which provident fund amt shud be deducted.....? wat is the last date of depositing the amt......? wa

DEAR ALL

PL.GUIDE ME ABOUT MAT FOR THE ASST. YEAR 2007-08, 2008-09


H.ARORA

There is a company which has announced a scheme of arrangement.
As per the scheme each share of Rs.10/- will get reduced to 1 share of Rs.2/- and then 5 shares of Rs.2/- each will be consolidated to 1 share of Rs.10/-

Suppose an investor has 100 shares of Rs.10/-.The shares will first get reduced into 100 shares of Rs.2/- each and then they will be consolidated into 20 shares of Rs.10 each.At this stage there will be no capital gains tax liability.

How to compute the capital gains when a part of the newly converted 2 0shares are sold ? What should be the Cost of Acquisition ?

dear all,

sir i am sanjay just now have completed my C.A course which starts on 2001.now i have my b.com degree & c.a certificate,please tell me how should i must start from here.rite now i hav an offer from HCL(NOIDA) with a yearly package of 4,80,000 + perks on my performance i m joining from jan.7.but i hav heard that while in practicing you can earn more.but how will i make my team,office & most importantly my clients
please help me out because i want to do my practise,i m ready to work 24*7,but how cud i get my clients.plez reply my query soon.