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?

in case of trading in equity futures - what is the limit for tax audit ? how does one compute turnover ?

Sir / Madam,

My taxable income is Rs. 3,31,810/- then what will be my tax liability with int as on date

also advise whether i have to pay advance tax ???

what is the limit for advance tax means upto how much tax liability there is no need to pay advance tax

regards

Is online filing mandatory for the tax audit report to be filed for the AY 2012-13?

Dear sir,

I have found on Return under Wealth Tax where the person has adjusted debts owed against other asset the details are as follows.

Motor Car (Sch. III Value ) 500000
Loan taken For purchase of Motor Car 700000
Jewelry (FMV) 500000

Net Wealth Calculated is 300000
ie. (500000-700000)+ 500000

Whether the contention of person is correct or not ?

Please Guide.