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Dear All,
Kindly help on this issue.

I am engaged in Transmission & distribution, Service .

I am raising a invoice so as per the point of service rule i am liable to pay service tax upfront. But have not received the invoice money for quite a long time.it is there in my debtor list.

As my debtor is not realised can i take credit of the Service tax paid on this or any reverse mechanism available. I have been told by some one that i can reverse within 6  month,but i am not sure..plz help

hi there... i have a doubt..
  in MAT calculation we have to add  Income Tax paid or payable and the provisions therefor.
now the question is :if my client has paid TAX FOR  FOR A.Y 2007-08 in current year under protest. then whether it comes under the provision...shall i consider the same..

Thanks . then its better to bring into Depreciation schedule and to claim 100%.

Thanks a lot for your support..Now i am referring my case...suppose i am decorating my outlets all over india...say the case for a ice cream parlor, who has to make a attractive shops of a same style across india....Is the expenditure  made on improvement on leasehold can be claimed 100% after bringing the same into the depreciation schedule..But its a case of emergence of new asset. As the interior decoration is also a benefit of enduring nature.am i correct??

Sir many more thanks for your reply. what should be the rate of depreciation?? is it 100% or we can take 50%...please assist me with some  case laws......Thanks

Can any one inform me regarding the depreciation rate for IMPROVEMENT TO LEASE HOLD...like my assesee has taken a premises on lease and has done some renovation  on that building...how to claim depreciation on that......Your earliest response is highly solicited.

many more thanks sir....it means we are not dutybound to rectify any mistake....

is the tax auditor has the power to challenge the statutory audit report ..if the audit report do not disclose some of the disclosure as required by ICAI. as in Appolo tyre case it was held that once the financial statement is certified by the statutory auditor it can not be challenged if tax payable is as per MAT..   

many more thanks sir for your prompt reply....For other doubt shall i come back 2 u...

Can some one make me conform whether receipt of money towards goodwill  is a capital or revenue receipt.with supporting caselaws..