We are a pvt Ltd co.
We have purchased an old vehicle for Rs.3.50 Lacs on 29.03.08.

We are charging dep @ 25.89% for Financial Records.

What should be the rate of Depreciaion for FBT purpose?, Whether it should be the rate as per Income Tax Act or the same as charged in financial records?. Please help.

Hello,

As these days taxes are paid through e-payment so please tell me that whether e-payment of FBT and IT is compulsory in all the cases or it is compulsory in the audited cases (FBT & IT).

Also if possible please let me know where i can find it in act or rules.

What is the treatment for the items less than Rs.5000/- under the company law as well as under the income tax act, if the items belongs to same block of assets.

Can u give a little guidence how to study for ICWA and is ICWA possible without coaching and side by side with job

Can anyone plz apprise me as to what could be the reason / justification for seeking exemption and the nature of exemption under Section 212(8) of the CA, 1956 w.r.t. exemption from attaching annual accounts of the subsidiary companies to a holding company.

the capital gains arising on sale of residential house property are exempt u/s 54 if the amount is invested within one year before and two year after the date of transfer. If the repayment of loan (taken for purchasing a house property) has been done with the amount of cap gains, will exemption be there ?

actually my principal is right now out of the town and he shall arrive on 18th march and last date of submission of final examination form is 20th. i don't want to pay any late fees. so can i sign my form from any other member of icai. my article is continue so all this matter has arose.

any body tell me that for the year 2008-09 bank audit is allotted or not?

A PERSON WANT TO FILE THE RETURN U/S 139(4) FOR PR. YR. 2006-07 HAVING TAXABLE INCOME BELOW THE EXEMPTED LIMIT. SO IS THERE ANY CONSEQUENCES ARISE U/S 271 (F)FOR PENALTY OF RS 5000 FOR SUCH FILLING OF BELATED RETURN.

if company paid excess bonus and after that they deducted excess amount and transfer to theres loan a/c so the amount transfer to loan a/c or excess paid of bonus amount is taxable or not