In present budget 2013 MRP based valuation for pharma - Ayurvedic product is applied with 35% abatement. For eg MRP Rs.100/- now valuation is Rs.100-35= 65/- per pack for excise clearance. In above case manufacturer " A" mfg at full rate by SSI unit at Rs.10/- (with MRP Rs.100/-) and same is given to "B" at Rs.10/-by manufacture "A", who sold at Rs.100/- by "B". Now at what rate "A" continue to invoice at Rs.10/- or Rs.65/- to "B" w.e.f 1.3.2013. or at what excise invoice is to be prepared at Rs.65/- or Rs.10/- Pls advice. Qerry : In Above case at what rate commercial Invoice is to be prepared and at What rate Excise invoice to be prepared ?
Suhas ca.suhas.t@gmail.com

Assessee took professional services for a particular year as follows(Section 194J):
1)On 30/05/2012 amounted to 10,000
2)On 30/10/2012 amounted to 10,000
3)ON 31/01/2013 amounted TO 20,000

It was not expected that during the year the amounted of services would exceed 30,000 so TDS was not deducted for 1 & 2 bill.

Now at the time of payment of the third bill i. e. of 31/01/2013, TDS would be deducted on 20,000 or 40,000(10,000+10,000+20,000)

suppose a person get a big agriculutrer land (in Biggas) by his parents and now in present hi use that land by making a colony & plots therin(only Land), so what is tax treatment in the hand of that person? In Which Head we can take tax benefit either by b&p or Capitan gain, which will be suitable for us? what are other legal procedures we have to follow?

please tell me if i have manufactured excisable goods and export the same
but due to a notification goods are duty free then can i withdraw the registration or if i withdraw then which process of export because at presen container stuffing procedure under supervision of inspector & superintendent at my factory.
if registration is cancelled then what will i do for export???
help me...
can i avail benefit of notification no - 36/2001

Dear Experts,

A Private Limited Company was Incorporated on 11/01/2013 and the Company appointed their First Auditor in their Board Meeting held on 09/02/2013 and Intimation of appointment was sent to the Auditor on 14/02/2013.

As per Company Law,First Auditor is appointed by the Board of Directors of the Company and he/she holds office till the conclusion of the First AGM of the Company.

Moreover, as per Companies Act,1956 the First Auditor is not required to send Intimation of acceptance to ROC.

Please Advise whether Intimation is to be sent to ROC by the Auditor as SRN of Form 23B is required to be filled in during filing of FORM 23AC by the Company.

If Form 23B is to be filed then period of accounts to be audited will be 11/01/2013 to 31/03/2013?

Please reply to this issue.

Hi,
In the Change of Company name we have passed ordinary resolution, But Date of resolution is 2nd march & date signing of the resolution is 12th march.

Whether it would be the same day date or system take the above same case.

DEAR SIR ,

I WANT TO ASK THAT WHETHER THE NEW NOTIFICATION OF CBDT ABOUT NO DEDUCTION OF TDS ON CERTAIN BANK INCOMES, IS APPLICABLE TO MY FRIEND , WHO GET THE COMMISSION FROM THE BANK ON PIGMY COLLECTION ,

AND IF IT IS APPLICABLE TO HIM THAN IS IT ENOUGH THAT HE IS SUBMIT THE FORM 15 G TO BANK ?

One of our client has started manufacutring in the year 2011-12 and got themselves registered under the Central Excise in feb 2013.
Turnover details are :

2011-12 - Rs.60.00 lacs
2012-13 - Rs.300 lacs approx.

after Rs.150 lacs clearances which reached around oct/nov 2012 they did not charged excise duty from customers till now.

Now my query is what to advice to client.Since clent didnt charge excise duty on manufactured goods till march 2013 and hence not paid to department.
In this situtaion can we avail SSI Exemption from 01.04.2013 since turnover in previous F.Y2012-13 is less than 400.00 lacs.
But when we will provide balance sheet for F.Y. 2012-13 (for claimng SSI) which depicts turnover around 300 lacs the department may ask that why the unit didint pay excise duty for the F.Y. 2012-13 when turnover exceeded 150lacs.
Kindly advice the best option to be taken in this situation

Please help me to find a Big or medium sized CA firm or company for articleship. I am struggling hard to find a CA firm. i have to find it within this month.Plzzzzzzzzzzzzz help me

Can anybody please tell me whether TDS is applicable for Mandap keeper service? If a hotel provides food, decoration , hall and every services which are forming part of an particular event, the it comes under mandap keeper service category right? In this case whether TDS provision are applicable? If yes under which section? Please clarify with explanation....