Dear Sir,
company assessee calculating tax according to provsions of income tax act and arrive a tax liability.
But why they are falling under MAT?
What is the logic behing the Introduction of MAT?
When assessee liable to pay tax under MAT, why MAT credit concept introduced?

"One Big land with a small Building." The assets is long term capital assets

The asseese wants to sale it.
One Way -
1. The asseese sale the land & give the proceeds to two successors
2nd way -
1. The asseese gift the land to two succeesos & the receipient should sale it

Which one the right way?

what would be the tax planning in this situation?

Regards
Ca Subhash singh

LAND IS A NON DEPRECIABLE ASSETS,
IS IMPAIRMENT LOSS IS APPLICABLE ON LAND OR NOT,

HOW EVER AS-28 IS APLICABLE ON ALL ASSETS,

PLEASE RESOLVE QUERRY AFTER PROPER REASONING ONLY,,

Is Education cess on service tax is withdrawn or not

Suppose X is a director, the company by virtue of the terms of agreement pays directly the mediclaim premium to GIC. Is it taxable in the hands of employee and can he claim section 80D deduction or it is a business expenditure of the company?

Suppose, y is an employee who pays the mediclaim premium and submit the receipt for reimbursement to the company. Will it be taxable in his hand? Can he claim section 80D benefit?

Is TDS is to be deducted on tne bill of a building contractor in vat is included and no service tax is charged seperately

Dear sir,

I have completed my PE-1 in Nov-2007 and joined for my articles in June-2008, i was not eligible for PE-II and automatically got shifted to PCC. Now the institute is offering two more attempts upto May-2010, i am giving PCC exams in May-2010. My query is am i supposed to give my PE-II exam or can i continue with PCC?

Kindly help me.

Thank you

i am running a small computer institute and conducting various courses. i am a franchisee of an educational society SITD trivandrum. my turn over is much lower than serv tax limit. but last month i got a letter from central excise dept. to pay service tax for the last 4 years. in their opinion i am liable to tax bcoz of the franchisee ship of SITD. but SITD says they are running vocational training courses so they are exempted. am i liable to service tax or not. please give me a reply

Which book on audit will be best for may-09 exams of PCC in delhi.
Also specify the publisher of the same..

Dear All

I have a query that if we repair a car( vehicle) with sum of More then 20000.00 which include labour charges as well as cost the parts and we issued a single Job order agsint it.
But the Party issued a Bill which clearly shown the seprate calculation of labour and consumable.In that case TDS is to be deducted or Not.

as per my opining it covered under WCT and TDS will be deducted.

If Not please mention the Section also.
Thanks