A hotel company has revalued its assets. should the revaluation reserve be reduced while calculating TNW for Bank's analysis

What will be the treatment of Prior Period items in Income tax.

Whether the income will be taxed in current year or in the year to which it pertains ?
Please quote relevant reference. Thanx.

Dear All,

We have a scenario now that a contractor has got the lower deduction certificate, in that the base rate of tax with the cess and surcharge has been mentioned, and now as per the new tds rates there is no cess and surcharge, so are they also eligible for that, or we have to wait for a revised lower deduction certificate from them.

Dear Sir,

My Question is I conduct four previous exams and my cpt registration is over 3 yrs to next nov. 12. But I am getting next CPT exam (it is held on 13/12/2009)so is need to revalidation of my cpt registration?

Pls clarifies this immeadiately?

Please tell me Cost Inflation Index of 2009-10 .(if decleared)
Thanks
Sameer

Whts d procedure to get a duplicate copy of certificate of Incorporation of an existing co. if the original one is lost n we ve only a photocopy of this.

reply as soon as possible

Dear Sir,

Here is the one query regarding TDS which is described as under.

ABC Ltd Company-->XYZ Ltd Transport Company-->Mr. A Commision Agent-->Mr. B Vehicle owner..

ABC Ltd. places a order to XYZ Ltd for transports of goods but XYZ Ltd has not vehicle at present so he calls upon Mr. A, commision agent for transport vehicle. Now Mr. A finds out Mr.B truck owner and tell him to deliver the goods.

Mr. A receives payment from XYZ Ltd. and retains a verying proportion of commision and remaining amount pays to Mr. B.

Now the question is whether Mr. A is required to deducte TDS on the payment made to Mr.B ?

What is the criteria for deducting the tds on foriegn payments made for services used also outside india.


Also, pls let me know the criteria if the services are provided in india by a overseas vendor.

Respected sirs,

Pls advice the Service tax credit on the preparation of Electrical drawing for Machinary's in a new plant errection.

Thanks in Advance
Senthil.M
999 44 755 95
nithyveni@gmail.com

Cost of Debt Capital
Guide me which is correct formula of COST OF DEBT CAPITAL

1. (Int. X (1-Tax)+(RV-NP/2)) / (RV+NP/2)

OR
2. Step 1 = (Int. + (RV-NP/2)) / (RV+NP/2)
Step 2 = Step 1 ANS x (1-Tax)