Does Sec 40A(3) apply to acquisition of fixed assets on which depreciation is claimed.

Cost of the asset is not climed as expenses but only the depreciation is claimed.In such a case what should be reported in tax audit report.

In Taxman's ready reckoner 2008-09,in Page A-109 in para 49.3.3 it is mentioned that Sec.40A(3) is applicable if an assessee purchases a depreciable asset.

Kindly clarify.

What can be done to account for the errors made in the previous year's auditted balance sheet?
If the balances of sundry debtors, creditors , bank balances are wrong how can it be rectified in the current year?

what can be done to account for the errors made in the previous year's auditted balance sheet?
if the balances of sundry debtors, creditors , bank balances are wrong how can it be rectified in the current year?

Dear Sir,

I would like to know the maximum no. of leave that can be availed during the articleship period of 3Yeras 6 Month Under New Scheme years and the mode of calculation of leave entitlement.

Dear sir

we are a private limited company. The director of this company has claim Rs. 95000 (Plus service tax) per month. Do I need to obtain perior permission of Central Goverment ?

Pls. advise.

Regards
Satyajit

Recently i Have Heard That the training Period Between Cpt And Pcc is going TO be Canceled. Insted of this Institute iS coming With A new Scheme In Which 3.5 years Traning Will be Reduced to 3 years And Article Ship will Start After Pcc..So is there is any one Having Idea Regarding This NEw Scheme Then plz do Tell me...

Dear Sir,

Could you please explain me about the following matter:
if any manufacturing concern having income from letting out of property and charging service tax on the same and paying service tax on the showrooms it had hired for his business.

can the company take the cenvat of the service tax paid on rent and other services like telephone etc.

please provide me the information.

Thanks & Regards

A co. pays for Visual Mercandise Expenses to a party who provided the services(labour+ material)in the year 2005/2006.
However the bill for the same is booked now and even payment is made now.However the bills were recived earlier i.e in 2005-06.So in that case Vat charged by the party would be booked now so will it be eligible for set-off.

In correction/revised TDS return 24Q, i am not able to delete a challan wrongly entered. The sofware i used has been downloaded from tin-nsdl.com site, which is VB based.

pls advice

should tds be deducted on total payments(including service tax) made to service providers
or

the service tax amount be excluded from the total payments made for calculation of tds

regards

thanks

vishnu