what is meant by the debtors and creditors reconsilation?

What are the new slab rates and deduction under 80C and 80D for AY. 2009-10

I left the services of a company after serving for 1.5 yrs. Then i was jobless for 6 months. Then after joining a new job, i applied for transfer of my EPF balance from my previous employer's EPF Trust to my PF account in new company. Please tell, whether the amount of EPF transferred will be taxable in my hands or exempted.

We are about to finalise 31.03.2008 balance sheets of all the companies. In this situation, if the court orders for amalgamation w.e.f., 31.03.2005, then what shall be the base balance sheet of transferor company to include in tranferee company. If 31.03.2005 is the base balance sheet, what will be the effect of transactions occurred during the period 01.04.2005 to 31.03.2008

I am chartered accountant and looking forward to pursuing CIMA. Could please let me know more abt the course and what it s prospects.

I want to know the current fee for registration in PCC?

Sir,

One of the members here have raised the following query:

Situation:
If a member changes employment during the financial year, the first employer issue Form 9,(instead of Form 16) and have the income consolidated with the current employer. In effect, he would be given one form 16 disclosing the total Annual Income, instead of two Form 16s

Doubt:

1. Can this be done
2. How will this be reflected in the quarterly return.
3. Does this require any additional declaration other than in Form 12B from the employee.

Thanks & Regards,
Ravikumar A.H

The assessee has a unit in mumbai SEZ-ABC Pvt.Ltd.-which has completed five years of tax holidays.The shares of assessee company are held by two shareholders who are also the directors of the company.This is referred here as Unit-I

The assessee company now setting up anonther unit in the same mumbai SEZ- with fresh investment,fresh machinery,fresh capital,fresh labour and managerial employees- and will follow all the conditions mentioned under SEZ Act and under Income tax Act. This is referred here as Unit-II


The books of accounts for the both units i.e. I & II will be maintained sepertely to arrive true and correct profit unit wise.

Can assessee company claim Exemption under section 10AA for Unit No. II while computing the total income of the assessee company.

Please also give other important information on the subject.

Regards,

WHEN WE WILL COME TO KNOW THAT TDS ON CONTRACTORS WILL BE APPLICABLE?

please answer the following query:

A COMPANY HAS HEAD OFFICE IN HARYANA AND ONE BRANCH AT DELHI. IT PURCHASES SOME CONSUMABLES FROM DELHI AND RECEIEVES IT AT ITS BRANCH OFFICE AT DELHI.BUT IT MAINTAINS ACCOUNTS ONLY AT HARYANA HEAD OFFICE IN RESPECT OF DELHI BRANCH ALSO.

NOW IF IT RECORDS THE DELHI PURCHASE IN ITS BOOKS WHETHER IT CAN CLAIM VAT INPUT ON DELHI PURCHASE TO SET OFF VAT OUTPUT IN RESPECT OF DELHI SALES.

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AT HARYANA, IT WILL BE A INTER-STATE PURCHASE NEEDING "C" FORM IRRESPECTIVE OF DELIVERY OF GOODS AT DELHI BRANCH.

PLEASE ANSWER THE QUERY IN ELABORATE MANNER. I