A Person is in Printing business, he has purchased a printing machine and has taken a loan against that. He is paying monthly installment of that loan, can he show installments in profit & loss a/c of business.

If an employer does not deduct TDS on salary paid to Resident in India, then will the expense of salary will be allowed or not while computing business income?

As sec 40a(iii) deals abount payment outside india or to a non resident in india? so what would be relevent section for disallowing such expense for resident(In india)?

Thanks in advance.

dear sir, is there any case study in isca for nov'14...??

Dear Experts,

What is Certificate of Membership (COM)?
i cleared CA final in May 2012 and i havent received my certificate of membership yet last month i received a communication from the institute regarding convocation for 2014 which states that members who were unable to collect COM in the past years can also collect it now. It wont be possible for me to attend the convocation due to job hours. Can anybody please suggest me whom to approach for the above query.

I also wrote an email to western region of ICAI (my zone) but they do not revert back same is the case when i talk to them on phone.

Request you to provide me with an insight on the above issue.
P.S. I am not a member in practice.

Thanking You.

Hello Sir/madam,
Now a days Savings a/c have one facility of auto sweep.
i want to know that how it appears in books of a/c of individual...
and what about its interest?

plz ans.

We have taken a term loan from bank. the bankers are debiting monthly the interest amount in the term loan. We are paying the interest from our current account. Kindly give us the entries to be passed in term loan account and current account.

if B purchase goods from A at 11000 rs with service tax @ 10% (original value=10000)and sell that goods to c at
12100 rs.inclusive of @ 10% service tax
question arise on which amount 11000 or 10000 C will pay service tax ,

I HAVE PURCHASE A LAND & BUILDING OF PURCHASE/ PAYMENT VALUE RS.80,00,000.00 DT: 14-08-2013 AND GOVT. ASSESSED VALUE IS RS.1,00,00,000.00 STAMP DUTY PAID ON GOVT. ASSESS VALUE RS.1,00,00,000.00 SALE DEED REGISTERED ON 14-05-2013. NOW I PAY THE INCOME TAX ON EXCESS ASSESS VALUE OF GOVT. OF RS.20,00,000.00 PLEASE HELP ME FOR MY INCOME TAX RETURN

I want to add & remove some members of the society. And also want to amend the bank clause of the memorandum.

Respected Professionals are requested to kindly provide me the detail and the formats for the same.

Needed ASAP.

Thanks,

Does a Charitable Dental Clinic is liable for any tax payment??? If yes then please explain in detail???