I Want to know whether the excise duty on CST purchases is eligible for Cenvat Credit.


Please reply to the quickest.

Regards,
Vamsi

co. purchased goods of fmv 32000 frm director of d co. wid amt of bill 40000 .wil 8000 b disallowed under sec 40 A (2)? plus if payment is made 36000 nd 4000 on different dates wrt to same bil how wil b its treatment in calculating pgbp income?

Mr x has work on salary for 6 month and after that he works in same company as a professional fees and TDS has been deducted at 10% on professional fees.

My query is that can mr x can show income from salary as well as income from professional fees from same company????

Dear sir,
My query is that can AO asked for supportings for cost of improvement made 14 years before?as per Rule 6F assessee liable to carry books of accounts for 6 years.
please suggest me on that and please give me some reference of case laws related to such matter.

DEAR SIR,

1.A COMPANY IS TAKING CENVAT CREDIT ON PURCHASES MADE . BUT WHEN THE SAME PURCHASES
IS RETURNED BACK WHETHER CENVAT CERDIT SHOULD BE REVERSED.

2.WHEN SALES RETURNS OCCURS WHETHER THE LIABILITY TO PAY THE EXCISE DUTY SHOULD BE REVERSED ? WHAT IF IT OCCURS AFTER MORE THAN ONE MONTH AFTER SALES OCCURS IE IF THE EXCISE DUTY IS PAID AND RETURNS ARE FILED?

Assessee filed ROI in time but forgot to Set off The Brought Forward Unabsorbed Depreciation from his IFOS..now the AO says that he can't claim it after ROI is filed because he didn't claim it before. Is AO's Contention right? Pls Give Case Laws on it.! Thank You!

Sir,

1.A COMPANY MANUFACTURING SIDDHA PRODUCTS HAS
NOT FILED ER-6 RETURNS BCOZ OF LACK OF AWARENESS HOW IMPORTANT IS TO FILE ER-6 RETURNS?

2. THE COMPANY HAS MORE THAN 25 RAW MATERIALS IN ITS STOCK AND ALSO SAME FOR FINISHED PRODUCTS SO THE NOW QUESTION IS HOW TO FILE ER-6 RETURNS IN SUCH CASES . PLEASE GIVE A SAMPLE OF THE ER-6 RETURNS IN SUCH CASES.

Can an Individual file his Income Tax return(ITR-4) for the A.Y.-2000-2001 onwards till the C.Y.-2012-2013, in the A.Y.- 2013-2014, assuming that the individual has income,which is below Basic Exemption limit in all the A.Y,after taking the benefits of the Chapter VI deductions?
Will there be any consequences for the same?

-Thanks

i have received tds default notice and i downloaded the justification report also. in that i found for eg. short deduc. of Rs. 2000/- which have pan err. and int for the same Rs. 100 and late paymt int 700 and now rectified the err of pan shall i pay only Rs. 700 late paymt int.

My father’s uncle (Mamaji) has sold his patrimonial land in 2013-14 and he gave a small share of Rs.9,00,000/- (Nine Lakh) to my father. My question is that
1.My father needs to pay tax on this amount in FY 2013-14?
2.He will get benefit of long term capital gain?
3.How?
Please help me on above query.