I am working in a school and I want to know about the Depreciation Rates for the A.Y. 2008-2009.

specially, depreciation on library books.

please let me as soon as possible
thanking you,

Anyone can tell if leave & licence agreement in tenant & owner then the monthly payment of the same attracts TDS on it? if attracts at what rate? please guide me.

Good Morning to all,

Any one can tell me if rent paid to shop owner by company or firm attracts deduction of TDS on rent? And if the owner gave 2 names for rent receipt purpose
i.e. if we monthly rent of Rs.15000/- then annual rent will be Rs.180000/- which exceeds Rs.120000/- it attracts TDS. But if i given payments in favour of 2 different names, i.e.Rs.7500/- (Rs.90000/- p.a.) to Mr. A & Rs.7500/-(Rs.90000/- p.a.)Mr.B, then it attracts TDS on Rent?

hi i am gopal krishan joshi. please help me. i submit my ca final form on 14 may 2008 at icai mumbai colaba brach but until i have not received my registration letter,identity card and fees payment letter but i received newsletter of july 2008. so i am very warried for my registration. what i should do please help me. thanks
my e-mail id is gopalj7@gmail.com

Should we have to deduct tds on service tax?

if any one has circular relating to this please send me this to my email ie prashantmasal@gmail.com

Hi.. is it true that final exams in november will be held on alternative days

hi,

mr X purchases the machinery worth Rs. 1,50,000 but he pays Rs. 145000 only and the remaining difference is transfer to the Kasar & Vatav a/c..
my question (1) whether the asset can be showed with full value as it represents the fair market value? and dep. should be calculated on it?

(2) should be shown on actual amount paid as income tax says that dep. should be calculated on actual amount paid of asset..

please provide me with sufficient reply..

regards,
Tarin Shah

If my current sales are @2% and i have sales return of last period which were @3%
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?

in case of accounting for private limited company who is engaged in investments in derivative segment-
Whether the daily mark to market margins as accounted at the broker's end should be accounted on daily basis for each future contract upto its settlement/sqarring up?

The movement of the funds will not have direct bearing on my bank account rather it will affect my fund account maintained by the broker. While accounting in the books of company, whether one needs to also maintain mirror account of the brokers transactions in the Fund Account?

Please guide on the accounting treatment to be given in the Company's Books.

Can A Practising Chartered Accountant be a MD of a Management Consultancy Pvt Ltd., Co.,?