Hello Sir,

I am doing tax audit of one hotel.
So I just want clear about depreciation rate for the hotel furniture & fixtures.
Is it 10% or ?

Waiting for ur valuable reply

Thanks & Regards,
Amol Bhosale
Article Assistant

DEAR ALL
I HAVE INCORPORATED AN INDIAN COMANY WITH NRI DIRECTORS AND SHARE HOLDERS WITH THE INTENTION TO BUY A PROPERTY IN GOA NOW A FOREIGN COMAPNY WANTS TO BUY 99% SHARES OF MY INDIAN COMANY AND OUT OF THAT FUNDS INDIAN COMAPNY WILL BUY THE PROPERTY, FUNDS HAVE BEEN BROUGHT IN TO INDIA NOW WHAT ARE THE REQUIREMENTS OF FEMA REGARDING THIS CAN WE UTILIZE THE FUNDS AND INVEST IN PROPERTY AND LATER INFORM THE RBI ?
PLZ REPLY ITS URGENT

1.Propery(land and building) procured in thr year 2000 for Rs 1,00,000/- and sold in 2009 for Rs 8,00,000/-.whether excess amount is chargable to tax . Please provided the procedures for exemption from Income Tax of RS 7,00,000/-.
2.If attorney of ownership of immovable property is given and the same is sold by attorney holder.May please clarify who is responsible for deposit of tax ,whether original owner or attorney holder?

regards

pl guide whether efile is complusory for individual tax audit ?
if yes
through an oversight manual file the return what to do now

Hi
i have a account in State bank of indore an buyer has wired me the export remittancre in rupess from canada. would i be able to recieve the money

If a minor, having a PAN card, becomes a major, having no source of income but Bank A/c, FD's and other investments under his/her name created when he/she was still a minor and also those created after becoming major , then does he have to file his/her return and pay taxes?

Pls explain me sec 271(1)(c) in detail

Please tell me in a newly incorporated company is the employees are entitle to receive the bonus and leave encashment if the employee completes his/her one year of service. If yes please provide me its calculation for both(bonus & leave encashment). And as per law what is the minimum & maximum bonus and leave encashment an employee should get.
Please provide me the detail and you can contact me at deepakslgmore@gmail.com

Thanks

Wrong PAN No. was mentioned in the Returns filed till last A.Y.
2008-2009, which noticed after the verifing the details as per PAN
CARD. Wrong PAN was also mentioned on Challans. and paid Advance Tax,
Self Asstt. Tax.

While verifing the credit on OLTAS of NSDL, by putting all details as
per challans, there also shows the Wrong PAN, but name Shows Correct
on NSDL OLTAS.

What should be do for the same. A's accounts are also get Audited
(Individual), and previously filed physical return.

While noticing the wrong PAN, now going to file last year's Return
with correct PAN.

For Previous year's how to rectify the same. Assesee's income for
previous 2 years was more than 20 LACS.

Pls advice on the same, and remedy?

Sham

can any one suggest me good self study book for accounts.

plz mail me
ca.notes@yahoo.com