A company takes contract to develop site for construction a flat or building & recover value/charges under development charges head
Que is
1. is company eligible for cenvat ?
2. which secs' are to be consider in above operation.
3. service tax provision is applicable on co.
thank you

Dear Sir

I am doing audit of a shipyard situated in goa. This shipyard is also having a machining shop in which it manufactures propellors of ships. This ship yard is having a lot of input Excise credit on the materials purchased for ship building. The government has exempted the ship building industry from excise duty.

Is it possible to take such credit of excise for paying excise on manufacture of propellors?

Is it possible to take such credit of excise for paying Service tax (Payable for barge freight earnings)?

Regards

Prajot

can you please provide me the General Object clause of the holding company . The company already had runnning 2-3 kind of business with Pvt limited names and now they want to incorporate the holding compnay and acquire the share of the all the 2-3 kind s of the company already in exitence.



I hope you understand my query, please provide me the solution of the above issue on urgency .

Hi,

Someone may please see the following :

I have a basic query in Form 16 (Part A) - Amount Paid / Credited.

A friend of mine has got his Form 16.

In Form 16 (Part A) -

Amount Paid / Credited is Rs.36,250/- (This is nothing but salary of March 2013 only without TDS deduction).

Amount of tax deducted Rs.14,916/- (This is after computing salary for the year and after considering applicable deductions)

It seems the DEDUCTOR has chosen to deduct at one go in March 2013.

Query

Actually, the taxable income is Rs.3,44,800/- (Gross Salary Rs.4,69,500/-).

I am unable to understand the logic for Amount Paid / Credited is Rs.36,250/- stated in Form 16 (Part A).

Please confirm the correctness of Form 16 (Part A) with reasons for my understanding.

Ans : .....................

Thanks in advance for replies.

Hi,

Someone may please reply to my basic query.

Query

Whether Form 12BA still shall apply even for NIL PERQUISITIES.

Ans : ..............


I will wait for the reply.

Dear sir plz take me out of this dilemma :

im a ca final student , completed my group 2 coaching before nov 12 exam , due to marriage of my sister i escaped the exam .

During the preparation for may 13 exam,due to personal problems, i could not attend the group 1 coaching and though my preparation was weak i'd given may 13. now exams are over.
as i was planned, im going to attend coaching for group 1 in may 13 and want to start my SAP training after Nov 13 exam .

but now the problem started, during April 13 i met with an CA who is the CEO of a big company and was impressed with me (i think so). after knowing my plan, he offered me SAP live training in his friends company [they are abroad return] plus whatever possible assistance from him.

i told him about my Nov 13 plan but he told me that "grab the opportunity ,it wont come twice"
that is to do the training in the month of may onwards and i know i could not able to attend group 1 coaching.

plz suggest what should i do ????????

go for coaching OR go for training

If Principal contractor is discharging service tax liability on gross bill amount without claiming any input credit against sub-contractor's bill amount then sub-contractor will be exempted or not ? Is there any specific provision for the exemption in service tax act?

One of our client in India will be receiving commission from Portuguese Co. which will deduct TDS @ 25%.

Portuguese and Indian Government have signed double taxation agreement (DTAA).

Query : Can our client in India claim credit u/s 91 for TDS deducted by Portuguese Co. @ 25% in computation of Income ?

i have enroll for the membership and come to know that i have not filled the form 112. i have joined the articleship before i had taken the admission in MCOM cousre correspondence at kalina universality. I o have submitted the fees recepit of the same .Still what other document i can produce to proof that couse is external ?

pl guide me.

Dear Sir,
Suppose annual interest on FD is Rs. 15000/-.
In the above case bank will deduct tds on the whole interest amount of 15000/-
or
Bank will deduct only on Rs. 5000/-.

Please clarify.