how should i plan my preparation for may2011 FINAL exams, keeping in mind so many changes like IFRS, GST, DIRECT TAX CODE???

here one of our transporter who is rugularly delivered material from Our works to TML.We deduct TDS @2.266% from his bill.But we came to know that from October there are some chage in TDS Rates.

Please would you help me on which rate we deduct tds

Regards,
N.RAMESH

Dear Experts

This is with regard to a partnership firm which is already established. They are starting a new project for which estimates are made for preoperative expense (Upfront fee, Interest during construction etc..) The project financials were made for the purpose of term loans.
The treatment shown in the financials :
- The preliminary expense was amortised over a period of 5 years and shown in the P&L account. The unwritten off portion of the preliminary expense was shown in the asset side of the balance sheet.
But, the bank disagrees with this:
The reason : In ur case u have already formed the partnership wherein u may not be in a position to take up the TL upfront fees and interest on the TL during construction/modification/ renovation. These items are required to be charged to ur P & L only. pls recalculate the CMA data after charging these items to the P & L only.


Dear experts, Can you provide light on what can be done now? Is it allowable in the balance sheet or not?

If not, how can the accounting be complete? and Will it not inflate the other assets?

Kindly provide some light on this - my email umahcc@gmail.com
Thanks a ton

Uma

Will a staff quarters given on rent to employees by a company whose salary exceeds Rs 5 lac is taxable to wealth tax or not since we can take benefit of clause that it is been let out for more than 300 days? Whether we can take benfit of such provision.

Sir
Please tell me the Benefits of Filing Return even the total income is below the basic exemption limit???

Can we upload 1st return of a company or a Firm with DSC because we are unable to sign digitally the ITR...

hiiii...
can anybody send me the IMP questions for CA-PCC for all the subjects on my email id?

my Email ID is chaitanyatrivedi05@yahoo.co.in

are there any changes in accounting standards for PCC NOV 2009

An existing software development company wants to transfer its existing customer contracts to another overseas company. The terms of the assignment will be such that the overseas company will do the balance billing on the clients and the indian company will bill the overseas company at an agreed man month rate for the work that will be carried out by the employees of the indian company on the contracts.

How should this assignment of contracts be structured? Will any provisions of the IT Act be attracted?

We Purchase Raw Material from Different Different parties located in various place in India on Condition of Ex-Work. We pay Service Tax on Inward Freight (10.30 % on 25% of Total Freight). Can We take Credit of this Service Tax Which we have pay of Inward freight with Excise Duty.