SIR

PLEASE PROVIDED ME DETAIL OF EXCISE LIMIT , WHEN SHOULD I INTIMATE THE DEPARTMENT FOR REGISTRATION AND WHAT IS THE CURRENT RATE OF EXCISE,I AM RUNNING A SS UTENSIL MANUFACTURING UNIT.

THANKS

MUKESH KUMAR

Dear sir/Madam
Ours is a partnership firm.we received Rs 3lacks from our previous shop owner in April 2012 as goodwill to vacate the shop,because of long leaving tenant.we received this much of amount through cheque.Is it a goodwill ?
If it is a goodwill,who have to pay a tax under capital gain and how.

Hello,

Receipt of Share of Profit frpm abroad firm (firm in abroad) is taxable to resident in india or not.

Share is accrued outside India and received out side India.

Thanks in advance.

Maximum and Minimum period of bank Gurantee.


Thanks in advance.

Maximum and Minimum period of bank Gurantee.


Thanks in advance.

Maximum and Minimum period of bank Gurantee.


Thanks in advance.

how to calculate taxable income using Sec. 87A

filed my IT return on time but failed to submit signed hard copy within 120 days for FY 2013-2014. However submitted later on. They have received but status showing ITRV received after due date. How can I get back my return?

Dear Experts

We have VKGUY Duty Scrip and it need to be utlize for the domestic procurement of excisalbe inputs. please update the Journal Entry in the below scenario

1. Basci Value of the Materials is Rs.100.00
2. Excise (Duty inclusive of Cess) Rs. 12.36
3. CST (Against C form) Rs. 2.24
Total Rs.114.60

The Excise duty of Rs. 12.36 should be adjusted against the VKGUY Duty Scrip and payment for the supplier will be made only for Basic Value + CST (102.24)

Please update
1. What is the entry when we are providing VKGUY duty scrip to Supplier.(appox. value of duty scrip is Rs. 5.96 Lakhs)

2. What is the entry when we receive the supplies in the manner above mentioned.

(Notifn. 32/2012 CE Dt. 09.07.2012)

Is there any upper limit set under income tax or wealth tax act on maximum how much grams of gold can a man or woman hold physically as jewellery or coins?