Dear Sir,

I wanted to know that if a company purchase a transformer for using as a power generating machine, whether he is eligible to avail the cenvat credit on the duty which he has paid at the time of purchase of the same.

I would like to know.. as if currently m doin articleship in a firm.. which is completely audit based firm.. da company have tax audit..stat audit..internal audit.. but m confuse whether to continue wid dht firm or not.coz.. everyone says join da firm in which u learn ol aspect of work like tax filing en all.. I also have dht firm.. but its little below da firm m currently working.. m objective is to enter into enterprenure or into practice. please entertain da query asap..thnx in advance.

i m submitted my return on 28/04/2014 for the period of oct-mar 2013-2014.if i will pay any late fees amount for that 3 days

1) labor charges bill
2) how the labor charges define?
3) can principal manufacturer avail credit on labor charges if he is paying excise duty on final product?

I had applied to become expert last week. Still it is not approved when it get approved.

Can Anyone provide me the provision of Pure labour contract service, if the receipient is a limited company and the provider is an individual, where labour works directly under contractor for admin building structural work but invoice raised on company, is there any reverse charge mechanism would apply if yes then what are the rates and if no then provide a clarificatiory provision on the same.

Dear Experts,
what are the accounting entries for the TOD unpaid closing entries and next year's opening entries. with its impact on P&L A/c.



thanks in advance

We paid to Vendors Rs. 31460/- including Service Tax (Rs. 28000/- AMC + Rs 3460/- Service Tax) kindly suggest me we deduct the TDS on AMC Charges or not

Car Value (Fixed Asset ) = 62930
Interest = 6846
Down payment by Cash = 12590
Balance 57186 as loan
Monthly EMI of Rs 1191 which includes interest
First month installment 927 + 264 = 1191
Second month 923 + 267 = 1191

Kindly describe which are all the accounts need to create under which heads. in tally

Dear sir,

Can I charge depreciation As per Income tax while closing the company book.Is there any mandatory provision related to depreciation.