on advance in Q2 we have deducted @2% under contract, now received bill as professional fees, advise how to deduct for remaining amount of bill

Hii Friends,

One of our client has received Fake note from its customer...And they booked it under cash payments under misc exp Head is it Right treatment? How it should be treated?



THANKS IN ADVANCE

Why Section 88 of Income tax is said to be redundant w.e.f from 01.04.2006. Recently I had seen from RPLI(Rural Postal Life Insurance) Policy document that it qualifies for rebate u/s 88. If Section 88 is redundant, RPLI premium can be claimed under section 80C.

dear sir
In balance sheet threre is a cloumn PROFIT AND LOSS ACCOUNT/ACCUMULATED BALANCE
Is put the figure from income and exp a/c
but sir I show it in capital account
opening capital+surplus from income and exp a/c= properitors fund, is it ok sir or any other trteatment of surplus transfer from I/E A/C, PLEASE ADVICE ME SIR. THANKS.....

dear expart
value of gross block of CAR=344960( FULL DEP RATE APPLIED) AND MOTOR CYCLE= 55200= (50% RATE APPLIED)HENCE IN SCHUDULE DPM
in gross block=344960+55200 then full rate i.e 15% caulation automitacally applied
so where I half value enter i.e 7.5% depriciation on motor cycle of RS 55200? because motorcycle both used for personal and business purposes. please clear to me thanks.

Dear Sir/Madam,
I am working a manufacturing company. Here used by tractors for internal trips. We are paying the total amount without deduction any TDS. Please clarify this transaction has eligible TDS or Not and TDS Rate, section ,limit etc.

Regards
V.Balu

Sir,
In our excisable mfg. Plant, we r providing canteen and service contract with caterer and we provide food to manpower who work into mfg of excisable goods... Can we avail service tax credit on food provided to worker?? Pls reply experts.. Thanks in advnce

HI,

I newly started my consulting firm and hold IEC code too.

I want to import Aluminum Scrap (Ch. 7602) and trade locally. Also plan to manufacturing after that with import materials.

Also wanna import bamboo stick (Ch. 1401) for trade and/or manufacturing.

Now I want to know slab of duties and exemption procedure etc on scraps (aluminum and others) and bamboo stick as a trader and/or end user-manufacturer.

Kindly resolve my query please.

Thanks & Regards,

Pratik

Hello..
We are foods and beverages manufacturing company, we have taken a passanger carrying vehicle (Force Traveller T-26)for cayyying our employees to work sites.
Please let me inform that as per (Mahatashta State VAT Law) whether we can claim VAT Cr. for purchase of that passanger carrying vehicle (Force Traveller T-26)??

Your quick response is needed.
Thanks alot.

Dear sir,
We are producing an excisable goods and taking cenvat credit on excisable goods.. One input which is non excisable goods say finished goods which is wholly used into excisable goods manufacturing.. And Such finished goods produced in our plant, can we avail cenvat credit on input which used into mfg. Of such finished goods which is non excisable bt totally consume into excisble mfg goods..