Sale of fixed assets (residential plot) that amount is deposited in normal account( his bank account) not in a specified account and new building is purchased with in the time the transactions also done with normal account (his bank account).

is any problem if the amount received through sale of capital asset not deposited in any other specified scheme or account

is any case laws relating to that transactions please provide
Thanks

what is cash flow?
how can we count it.?

We are into business of generation of electrical energy which is a tax-free/zero rate item under VAT/central excise respectively. Electricity will be sold to state under power purchase agreement of 25 years. Fly ash will be generated during generation of electricity which is taxable goods under sales tax & central excise.

Is input tax credit available under VAT/central excise against sales of fly ash ?

Thanks
Ashok Sharma

What is IRR Describe?

will it be possible to transfer the drug licence held by one firm to another firm

Hello,My query is a Charterd Accountant practicing from 5 years.How should change his status as a FCA ? and what is the proceedure and fee structure regarding that ?

What is bank reconciliation and its requirements.

Dear members,

Can a indian private company own a wholly owned subsidiary outside India by purchasing the entire share capital of the company. and the payment is made from normal bank account> is there any clause of making a payment from RFC A/c or the company has to take permission for payment from RBI

TO,
EXPERTS
SUPPOSE IF TECHNICAL PROFESSIONAL IS TAKEN ON CONTRACT AND WAS GIVEN ADVANCES OF SAY RS. 50,000/- PER MONTH GIVEN TILL COMPLETION OF WORK WHICH SAY, TOOK 7 TO 8 MONTHS. WHEN GOT COMPLETED AND RECD BILL FOR SAY RS.8,00,000/-.

HERE, TDS DEDUCTED ON 8,00,000/-AT ONE TIME RS.80000/- AND REMITED TO GOVT.
IS THIS CORRECT OR NOT? IF NOT WHAT WILL THE PENALTY/INTEREST LEVIED ON THIS?
THANKS

Is any body can help that , is there any provision to raise the question to the department for clarification about drawback by way of Mail or Letter to the Department.