Sir,

We are manufacturer of all type of fencing material & accessories, Our main inpur Raw material is Galvanise Wire. Some times Galvanise wire require to tie of our finished goods. So that we have to sold our raw material to the customer. In this case which rate of excise duty will be applicable, it will be on transaction value or we should go with input remove as such procedure under rule 3/4 of ccr 2004.

Please help me.

Thanks,

if i receive money lying on road will it be taxable under the head ibcome from other sources. what will be the rate applicable? slab rate? thank you

Hi all,

I completed B Tech in 2011 and now working in a company for 3.25 lakh per annum.
Now I want to do CA ,is it advantage for me to do CA.If it is How?

How much can I get if I finished CA final in my first attempt ?
Please help me I am in great confusion.

Thanks,
Krishna

I have come across about "Bankrupty Protection Laws" in united states.
More details are available at http://www.wisegeek.com/what-is-bankruptcy-protection.htm

Does such laws are available in india where a person / business / company / HUF can use this law to their protections?

dedcution of rs 1,00,000 in 80 C does limit of 1 lacs also includes employers contribution to PF or only eemployees share to PF.

Dear All,

In Case of Works Contract Service we have to pay both VAT & Service Tax,

For VAT if we are not able to separate Value of Material & Labour charges we go for standard deductgion option (e.g. in Maharashtra 25% standard deduction is available for labour)and on balance we have to pay VAT,

However,for service tax the chargeable value is 40% of total contract price as per service tax rules.Therefore we are paying tax on 115%(i.e.75%+40%).What is the solution for this and how to pass accountinf entries.

Please reply at the earliest.

Dear Sir,

Tds not deducted when total payment was below thresh hold limit but after wards total payment goes beyond thresh hold limit of tds deduction.

Now whether Interest is required to be deposited on tds not dedcuted on earlier payment.

Thanks,

Gorav Goyal

lets suppose Mr A has been hired for 25,00,000 p.a. ctc

can he have following break up of salary.
comprising only of basic salary.

basic salary p.a. 22,32,142

resulting in employeers contribution to PF of Rs 2,67,858 (@12 %) and ee's contribution of 2,67,858.Since Mr A wants to divert his maximum portion of salary into PF.also can he transfer his entire salry of Rs 22,32,142 to PF.

or is it necesaary to split the salary into various heads basic, DA, HRA etc etc.

We are purchasing one machine. We will open deffered LC for the same. Machine will come in single shipment. However partial shipment is allowed so that if any part remin can be shipeed later.
Now can we put clause in LC that we will pay 10% after 30 days of bill of lading. Balance 90% will be paid in 3 equal instalment at yearly intervals. Is such instalment clause is possible in LC. Any RBI approval required?

pls give entry for following case.

a employee was hires for gross salary of Rs 10,000 p.m. Basic salary Rs 10,000 employer share to PF 12%, employees share 12%.