X Co. has received money for business purpose from holding company and on certain sum, TDS was made and deposited with IT Dept. Subsequently X Co. turns into losses and lender, being holding company waives off the amount payable.
Now the question is - whether the amount waived off is to be treated as income u/s. 41(1)for X Co.?
Also, can X Co. claim TDS paid to the IT Dept as expenses? If yes under which section.
Kindly let me know relevant case laws in this regard.
Thanks in advance.

To which company reverse charge mechanism on service provided by directors is applicable???

A public charitable trust (registered) has purchased office in residential bldg which is redeveloped & made payment as under:-

1) Rs. 4, 00,000/- on 08.02.2012
2) Rs. 7, 00,000/- on 22.02.2012
3) Rs. 11, 00,000/- on 01.03.2013
==============
Total 22, 00,000 purchase value as per agreement registered on 01.03.2013.


Whether service tax is chargeable? How much?

Sir,

Is the service tax applicable to individuals who are in the business of lending money and earning interest ? pl. urgent.

I have cleared both groups of IPCC May 2013, in the first attempt. I would like to know, that in order to be eligible to write CA Final in May 2016, what is the last date for registering for articleship?

Depreciation rate on air pollution control equipments as per co. act 1956?

What is the difference between

- If income from trading is shown as business income

and

- if income from trading is shown as Capital Gain

Kindly clarify

Hello, i have qualified both groups of ipcc and continuing my articleship .So please inform me in how many days i have to register for final course of ca ? This is my first year of articleship,i have not registered yet.Thank you.

sir/madam I've been registered for ipc course under direct entry scheme as iam commerce graduate, can i join article ship without IIT and Orientation?

Guidance note-the importance of the same in CA Final.

1. whether topics on GN is asked on in Financial Reporting or any other subject?

2. where to get from the icai portal these GNs?

3. What are the GNs applicable for the coming attempt?

4. GNs in the icai.org portal (Resources)

please help me experts...