Hi everone, I have a query regarding accounting treatment towards preproduction expenses. I have taken this as a deferred expenses. Now I want to write off this expense after considering the Accounting Standards. Can anyone please help me regarding this.

I want to know that 5 days grace period (i.e. 15 + 5 )is allowed in provident fund act for deposition of contribution.

what are the consequences if the vat/cst returns are filed delay

I would be very glad if you can correctly analyze the following case and give me the tax implications
Mr. X is Managing director of ABC (P) Ltd. The company has reserves close to 2 Crores and above. It is not declared dividend from the beginning, it has advanced Loans to directors (Rs 95 Lacs),It has made payments(not advance) (Rs 1.2 Crores)to M/s ABC&Co (a Firm where X is a partner) for supplying raw material to ABC(p) Ltd .That is ABC & co is regular Trade Creditor to ABC P Ltd.

Now the Question is whether payments made to ABC & co will be treated has “deemed dividend” in the hands of MR.X. If Yes, what is the argument can we make to prevent deemed dividend taxation U/s 2(22)(e). Please give your reply ASAP.

Thanks for the people who are Giving their Views

DEAR SIR
JUST I HAVE TO ASCERTAIN ABOUT C.A MEMBERSHIP No. how can i find by name we don't have Membership no.pls. reply as soon as
ajay mishra
9015657130

Weather amount (principle + interest) received on maturity of National Saving Certificate, VIII issue is taxable in the year of receipt or not?

please advise whether TDS u/s 194C/Jis deductible on Finance charges to IDBI Bank Ltd.

Transaction takes place on 31/05/2008 and bill is received for the same on 18/09/2008 so when to record the entry of expense. Is it the bill date or the date of receiving the bill?

Dear All,

If the employer does not provide the TDS Certificate(Form 16) to its ex-employee, inspite of reminders by the ex-employee, then how that person(ex-employee) will proceed to file his income tax return?

Regards,
Siddhartha Banik

I have started a bussiness in the F.Y 2009-10 and turnover of the bussiness is 1 crore in above financial year. Do I require to deduct TDS in Financial 2009-10 wherever applicable or not as I have started bussiness in the F.Y 2009-10