1. Can Best Judgment Assesment be done in any other cases NOT mentioned u/s 144?

Where any buyer fails to make payment of the amount to the supplier, as required under section 15, the buyer shall, notwithstanding anything contained in any agreement between the buyer and the supplier or in any law for the time being in force, be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day or, as the case may be, from the date immediately following the date agreed upon, at three times of the bank rate notified by the Reserve Bank.what is the exact bank rate to be considered for this purpose? from where we have to take this exact bank rate

What will be the accounting treatment for grants received by a PSU for making VRS payments?

Dear All

Please let me know, what is the deffered tax assets/liability, and what is the calculation.

1) Indian co is having 100% subsidiary in china

2) Indian company sells goods mfg by it to subsidiary as well as other parties in china

3) The goods sold to subsidiary are different from goods sold to other parties.

4)There is no other competitor in india
Who mfg, the kind of products mfg by indian co.

5)There are some international competitors who mfg this kind of product outside india but sell in china

What appropriate method should be adopted to satisfy that the transacion between subsidiary & holding are at arm's length price.

if we (artical) going outside for audit, or doing updown in train or bus, time consumed in tavilling should be considere or not, in Timeing hours i.e 6 hr in day.....

Hi to all,well i am a C.A. final student and my attempt is on May,09.I want to go to mumbai for final classes,Pls tell me Better institute for the same,

Hi All,

What is deferred tax Assets/Liabilities. And what is Meaning of "Time Difference" word used at the time of calculating Deferred Tax. ????

I passed PE II on july 2007 and enrolled as an articleship student on january 23,2008 and as a final student in new scheme.My querry is:

1)What will be the duration of my articleship its 3 year or 3.5 year as in new scheme?

2)When can i write the final exam, after completion of 2 years of articleship or 2.5 years of training?

the asessee has incured loss besause the business activity was not carried on in the py. and expences has being incured also can depriciation can be charged is their is no business activity is being carried out . the ITO din't allowed that business losess to set of aginst income from other sourses and whole income from other sourse is taxed in ITO order