An assessee wrongly deposited TAX for himself but while rechecking he founds that his income was not liable to tax and no tax was required to be deposited by him. He has not filed any ITR then and due date has also lapsed. What can be the consequences now or can he get his money refunded?

Shoule A small trader (not required under IT rules to compulsorily maintain books of A/cs) also depriciate his Assets at rates prescribed under IT Act while calculating his net income from business?

Hi

1.I just want to know can a PE-2 Student (JOINED BASED ON GRADUATION)can convert to PCC after this June 09 attempt ..

2. Should we register along with Articalship

3. If yes to 2 above, How long will be the articalship period. when will be the final due.

4. I have completed GR-2 in PE2 also done with 100 hr of ITT.

5. If we have to covert into IPCC , since i have completed GR-2 do i need to write Only 3 papers ...

Please reply ... and Help me

Thanks in advance.

Can anyone tell me is there any notification for the above problem give in ICAI web site. or a contact number where i can get proper info.

Thanks a lot

Hi
A public ltd co has made 100% investment in a private limited company. As of today the private limited company has not yet started the commercial production. The private limited co has only cash as it's assets and miscellaneous expenses to be written off. As of today how would the investment would be valued. Is there any deminition in the value of investment.

Regards

Can shareholders of pvt ltd company transfer it`s holding to anothers ?

Hi,
A company imports a Fixed Asset for say 10000 USD in Oct 08 and books the asset @50/USD. Payment is not made till 31st Mar 09 while the exchange rate goes up to Rs 51/USD. Now,
a) Shd the company increase the cost of Asset in Books from 500000 to 510000 or diff or Rs 10000 be charged to P&L A/c as Forex Loss?
b) If charged as Forex Loss, will it be an allowable exp under Income Tax Act for books closing on 31Mar 09?
c) Suppose, Payment is made in June 09 at the conversion rate of 50.5/USD, what will be the treatment in books now? Will diff be reduced from asset cost again or will it be credited to P&L A/c.
d) Dep will be charged on which value for 2008-09 & 2009-10?

Pls keep the Query OPEN after your replies to let other experts insert their views also.

FEMA Act is applicable to my co. so will there be any compliance from ROC side?

Thanks & Regards
Vandana

Hi,
I have opened my own recruitment agency.As per my clients requirement for empanelment, I have got the service tax no as well as the Pan no.I want to send an invoice to my clients for the service now.Kindly help me with raising the bill other than my service charged.Can I include the service tax and pay it on the companys behalf?When is this service tax to be filed?Kindly advice....

Dear All,

we had made a bill in june 2008 of service charge and now we want to cancel this bill. please suggest me can we do this.

thanks

sir i have terminated my articles as on 30.04.09 based upon the extension notification.(15.5.09)from chennai.i hav 8 months service pending now.i hav reregistered with another firm as on 4.5.09 at my hometown in calicut. now institute has issued new notification as on 19.5.09 dated 27.3.09 in which termination is not allowed in last 12 months. i hav not submitted my 109 & 103 in the institute. whether my termination and reregistration will be inavalid now?
if i take my 109 back dated as on 26.3.09 can i submit my records now? please advice.