hi,

DISALLOWANCE U/S 43B & 40a OF INCOME TAX OF CURRENT YEAR WILL BE TREATED AS DTA & SAME IS BEEN CONSIDERED FOR CALCULATING DTA/DTL. SIMILARLY WHETHER DISALLOWANCE OF PREVIOUS YEAR ALLOWED DURING THE YEAR U/S 43B & 40a IS TO BE CONSIDERED FOR CALCULATING DTA/DTL? IF WE DONT TAKE PREV YEAR DISALLOWANCE, THEN HOW DTA WILL GET NULLIFIED IN SUBSEQUENT PERIOD RELATINNG TO SAME COMPONENT? SINCE DTA/DTL ARISES ONLY FOR TEMPORARY DIFFERENCE & IT SHOULD BECOME NULLIFIED SUBSEQUENTLY..

whether credit can be taken on service tax paid on freight when goods brought by transpoter are non cenvatablei..e. they are not used in production/mfg of final product.

Dear Sir,

We are in agri export business.In the next year we are going to do a fresh grape export project.

I like to know what are the documents are required to be kept for purchase of grapes,sale against rejection due to bad quality,purchase of packing material,stock register grapes & packing material,making payment to the farmers and various export documents.

Also give details of contents & formats for the same.

case study
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent

WHAT WILL BE ITS EFFECT ON FBT

HOW SHOULD THE FOREIGN EXCHANGE DIFFERENCE BE DISCLOSED IN CASE OF A PVT LTD COMPANY'S BALANCE SHEET?? CAN IT BE ROUTED THROUGH P&L ACCOUNT OR HAS TO BE REFLECTED IN THE BALANCE SHEET ONLY? THE COMPANY IS AN ASSOCIATE OF THE COMPANY ABROAD????

WAT ABOUT THE LIVING EXPENSES OF AN EMPLOYEE STAYING ABROAD???? IS IT EXEMPT OR TAXABLE??? IF EXEMPT UNDER WHICH SECTION????

Dear All,

Please let me know the procedure for compounding of an offence under Companies Act.

With Best Regards,
Rakesh

Sir,

A company take a loan of Rs. 100 Lacs for Construction of New Building for Existing Business. Interst of Rs. 15.00 Lacs can Claim as revenue exp.
and what Accouting Standard say for treatment of borrowing cost.
If company capitalise this interst as per Accounting Standard same can be allow as revenue exp under income tax act

sir, i want to know which of the guidance notes(audit) are applicable for may 2008 students . As the guidance notes which are prescribed in CA newsletter for nov 07 aspirants doesnot cover many of the guidance notes given in our study mat.please guide in this regard.

Is there is any mandatory condition for the traders to keep their GP ratio as prescribed by Sales Tax authorities(if Any)under KVAT ?
Can a Trader Sell his product below the purchase price? or is it necessary for him to keep a particular Value addition at the stage where he operates ?