Please give me the latest reference about “one sixth leave is allowed to an article of PCC”. Please it is urgent.

Dear Friends,
Our company have various contracts which are covered under definition of AS 7.

Up till we are not applying this AS in our company.

Now for this year we want to apply the AS 7 on some of our contacts & on other we don't want to apply.

Whether it is possible?

Our 24Q has been filed within due date. Now one of the seniors want to get a revised Form 16 and is asking me to revise Form 24Q.

Can I do so?
If so, under which section?
Any conditions attached thereto?
Any time limit
Urgent reply required. Plz
Thanx in advance

I am trying to fill up ITR2 online and have following questions wrt to it.

1. Which section of IT is applicable as I have only interest/ dividend / STCG and LTCG thru investment in securities.
11 u/s 139(1), OR 12 u/s 139(4) OR 13 u/s 142(1) OR 14 u/s 148 OR 15 U/s 153(A)?

2. My investments are thru ICICI Direct PINS account and have TDS deduted at source with STT for part of the year on STCG. My STCG is very less compared to LOSS and I am filing this return for setting off my losses in future.

3.I am newbee so pls let me know if I have to file return for TDS deducted for inyear 2007-2008 that is FY 2007-2008 . What is AY accounting year ? I received TDS certificates for 07-08 and 08-09 only this year so I am confused if i file both year before 31st?

4. If I file ITR2 do i still need to send physical copy to my ward?

5. PAN address and ITR address .. can they be different? They are in my case as when i took PAN i was in India and now in here in UAE.
Please support by answering my query.

Thanking you in anticipation ...

A plot is purchased in joint name of husband and wife. Loan is also taken for plot in joint name of both. How the accounting treatment(Shown in Balance sheet)will be done for these transactions?

Please note that EMI chaque is isuued and being clearing every month from the bank account of Husband only.

My one of the client has been providing zerox services on contract basis to a corporate. The receipts during the year exceeded Rs. 10 lacs, He in neither registered under Gujarat VAT nor under Service Tax. Please advise, under which laws he shiold be required to get registration?

Dear Experts,

If a DD has been drawn in favour of a third party from the company's regular bank account and keep pendng to issue, how should it be accounted in books. Should it be accounted as cash drawn from bank.

Thanks

Can you tell me the difference between Section 214(1) and 314(1B)of the Companies Act 1956?

I have a case of an assessee where he is actor by profession & in P.Y. 08-09 has also been made charge of a transfered business which was earlier carried out by his father.

Now I want to ask that how do I combine both income from business & profession of acting in a single P&L A/c since for profession we have to prepare Income Expenditure A/c or I will have to prepare separate P&L a/c and I&E A/c and a combined Balance sheet?!

Thank you in advance...

Sir,

We have purchased machinery 5 years back. We have utilised cenvat credit on the same as per Cenvat Credit Rules. Now we want to sale the same. Whether we have to pay excise duty on the same ? If yes, at what rate and on which amount ?