Respected CA's!!!!
I have my final exam in May 2009. I would like to know the best text book for each subject.

If i have Two TAN no What should i do?

While making purchases we receive VAT invoices. whether we can take credit of the VAT paid on purchase if the invoice does not idicate anything regarding " TAX INVOICE " or "RETAIL INVOICE".?

Thanks
Dipak Rajpara

In wealth tax subject in the portion of Assets and Liability, under the section of deemed assest the third and the fourth rule says that, "Assets transfered to son's wife" and "Assets transfered to some other person for the benefit of son's wife" will not allowed by the rule. My question is that, why the rule says like that this is not possible on the transfer to the son's wife?

DEAR SIR
IN MY ELIGIBILITY CERTIFICATE FOR EXAM IT IS MENTIONED THAT IT IS VALID TILL NOV. 2007.
MY QUERY IS THAT WILL I APPEAR IN MAY 2008 FOR PE2 EXAM ?

If a charitable society is not registered u/s 12A of the income tax act, is it necessary to get its accounts audited?
Also, the society changed its name four years ago

I want to know how many attempts are there for PE-II .Is the attempts are counted seperately for each group .

A Partnership firm has been converted as pvt ltd company under chapter IX of the companies act, 1956 on 20th October 2007. How much depreciation will be allowed to partnership firm and company. As per Income Tax Act Depreciation is not allowed in the year of disposal/transfer of assets. Since Partnership Firm has been converted during the financial year 2007 - 2008 weather depreciation will be allowed to firm or not. As per Income Tax Act Depreciation to the Company should be allowed for half year as Company came into existiant only on 20.10.2007. It appears that only half depreciation will be allowed for financial year 2007 - 2008. Is it not a disadvantage on conversion. Plz reply catagorically stating each event with reasons.


R. A. Joshi

A Partnership firm has been converted as pvt ltd company under chapter IX of the companies act, 1956 on 20th October 2007. How much depreciation will be allowed to partnership firm and company. As per Income Tax Act Depreciation is not allowed in the year of disposal/transfer of assets. Since Partnership Firm has been converted during the financial year 2007 - 2008 weather depreciation will be allowed to firm or not. As per Income Tax Act Depreciation to the Company should be allowed for half year as Company came into existiant only on 20.10.2007. It appears that only half depreciation will be allowed for financial year 2007 - 2008. Is it not a disadvantage on conversion. Plz reply catagorically stating each event with reasons.


R. A. Joshi

29/01/2008


Dear all friends,

Pl. confirm me latest/present catagary of service tax & rate is flat or change catagarywise.

Thanks,

harish