Income Tax queries [38394]

if the service provider fails to collect service tax from the tenant then is there any problem being faced by the tenant in respect of service tax liability.

govind sekhar

27 November 2007 at 17:29

Accounting during pre-operative period

On what basis do we account pre-operative expenses and Pre-operative gains.Is there any guidance note on them. whether exchange gain on restatement of loans taken for acquiring fixed assets is too be added to CWIP or to be recognised in the profit and loss a/c for periods comencing on or after the accounting standards are adopted by the companies act (with respect to notification issued by the ministry of corporate affirs on 7th Dec 2006(regarding the adoption of AS)

CA. Amit

27 November 2007 at 16:58

Practice or Job

Hi,

I hav just given a CA fnl Gr-II in NOV Gr -I is already cleared. I received one offer from a good CA firm having 2 FCA, that if i joined them now they r ready 2 admit me as a partner in 2 yrs. Meanwhile i m employing there as an employee.
Whether i should go for that? if yes what type of precautions i hav 2 take? Can i get offer in writing?

CA Anil Jain

27 November 2007 at 16:52

Leave Encashment U/S 10(10)(A)

IN Leave encashment income tax allow us to encash the unavailed leaves @ 30 per completed year of service.If 25 leave are allowed in the company & employee worked for 2yrs.5 months & availed no leaves.HE encash all leaves i.e.725(29*25) as per company policy .
Now my Ques. is that whether he will be allowed 625
(25*25) or all 725 or any other?

Regards,

Anil Jain.