If in Previous Year 2012-13 RT ltd. has created provision of Rs. 1,00,000 in its books. It was provision hence disallowed in computation of Income Tax for Assessment Year 2013-14. During the previous year 2013-14 company has received invoice of Rs. 75,000 which relates to previous year 2012-13 and company set off the expenditure with the provision and balance provision credited to profit and loss.
Now my question is that whether in computation of Income Tax of Assessment Year 2014-15 such expenditure is allowable? If yes, then in which section of Income Tax Act 1961?

hello,

I am a Chartered Accountant-Fresher qualified in Nov'12.I have to apply for membership now in FORM-2.
Now I have got a job in one MNC.

Now i want to know that when i fill form-2,i will mention my job details in that IS IT ENOUGH or do i need to fill any other form for my full time employment??

PLS ADVICE URGENTLY...

Sir i have joined articleship on 10/04/2013 i want to register my articles with ICAI in next month i,e MAY is my final attempt shift to may 2016 or not?

What is the penalty & interest for late pay of professional tax renewal fee?

Dear Sir,

Can you please guide whether PF applicable on company following cases :-

A. listed company have appionted to Labour contractor, who do not have 20 labour/s.

B.Labour Contractor having more than 20 labour under his firm name but have not appointed more than 20 labour in single organisation.

Please suggests

Regards,
Vijay Jain

Can Any 1 explain the Meaning of Regulation 67 ?

Under what Circumstances an Article can complaint against his Principal ?

I read the Regulation 67, but it does not provide the clear idea..

Please Help..

Why was the need to replace Companies Act with Companies bill was felt ?
Please reply if anyone could tell me the reasons for passing companies bill.

Suppose we are living in Hapur (U.P.). We purchase a computer from Delhi (other state). and computer bill is prepared for Hapur. What would be Vat we have to pay? If bill is prepared for Delhi Address, what would be tax percentage?

Applicability of service tax - Renting of Immovable Property Services performed before 01/06/2007 when it was exempted from service tax, I need your valuable opinion regarding the applicability of service tax in the following situation.

Situation -1: Billing to client and consideration received after 01/06/2007.

Situation -2: Billing of the same to client done before 01/06/2007, whereas the consideration against such service received after 01/06/2007

Regards
Rakesh

Dear Experts

Please help me in clearing the concept in regard to matter of Transporter payment:

1. What is the Max. Cash Payment Limit?
2. Is there any threesold limit for it?
3. When TDS liability on Transporter payment
arise & how to avoid it?

4. When Service Tax need to pay on payment to transporter freight?

Your reply is highly appreciated.

Regards