Hi...
This is a query regarding allowability of expenses U/s. 40A(3).
The Company has reimbursed Motor car expenses to an employee amounting to Rs. 21000/- in cash in a single day against one cash voucher , which is debited by the Company under Motor Car Exp. head. Description of Cash Voucher prepared by an employee is as under :
Date : 31st May, 2013
Petrol Exp. for May month -Rs. 13,000
Driver's salary for May month -Rs. 8,000
Total 21,000
Whether this reimbursement would be disallowed under section 40A(3)?

whether your answer would differ if instead of one cash voucher employee prepares 2 different voucher of Rs. 13,000 & 8,000 respectively.
pls clarify the matter at the earliest?

Dear Professional Colleagues,

Does a private limited company require to start business with in 6 month of its Incorporation?

If it is so, please give the reference of section no.

What is the Difference between Excise Rule 18 & Rule 19?

what is terminal Excise Duty?
How to apply for Terminal Excise Duty?


which one is best for Claiming Rebate under Rule 18 & Rule 19?

Sir
I cleared my group-1 of ipcc in may 2012 attempt and registered for articles in oct 2012.. later on i received a letter from ICAI during july-2013 stating me to submit orientation certificate..
My..query is whether my articles counts from oct 2012 r not
and i will be thankful if any one help me to get a postal address to which i has to forward my orientation certificate.
Thanking u in advance

Dear Sir/ Madam

We have a manufacturing unit . we import machinery from China. On Bill of entry the following duties are chargeable
Basic Custom duty
CVD 12% equivalent to excise duty
Special CVD 4%
Education Cess & Secondary higher education cess both on BCD & CVD.

we can take the cenvat credit of Cvd 12% & Special CVD 4%.

My question is that can we take the credit of education cess 2% & SH education cess 1% charged on CVD 12% ?

Please reply as early as possible with some notification or any other guideance.

Thanking You

Hi
My CA final Attempt is due in NOV'14 ..so kindly let me know ..what is the last date for registration of CA final and I have passed my IPCC 2nd group in NOV'12.

tools purchased for the manufacture of products. like it is being used for the finishing of the products. what will be journal entry? thks

1.Is allowable or dis allowable the capital expenditure is made for the amount of above 20000 through cash?

2.suppose an individual expended fifty thousand rupees cash on single payment for construction of his house so this capital expenditure is allowed or dis allowed under the income tax act?

how to apply for register of vat and cst number ?

Dear Sir,

We are a leading plywood manufacturer located in uttarakhand availing area based excise exemption under notification 50/2003. As per the amendment in finance bill 2012, the liability to deposit service tax on few services levied on the service receiver(SR). However it has been mentioned in the rule that if the service provider(SP) is within the general exemption thresold of Rs.10 lacs then the SR is not liable to deposit any service tax. My query is how do a SR will ensure that the SP is within the thresold of Rs.10 lacs?