Dear Sir,

I have a doubt about E1 Transaction...

"A" is in banglore-karnataka who sells the goods to "B in chennai-Tamilnadu....

The goods and the title are transferred (Endorsed) by "B" directly to "C" in coimbatore-Tamilnadu on the movement of goods...

Is this E1 transaction under CST ?
(or) How to treat it?

Please advice me...

whether the duty paid under EPCG scheme is considered for cenvat purpose?

Dear All,

Need your help once again...

Can you plz let me know some good books for self study for CA final Gr I New course

If u know some good notes, which i can refer for the said subject ,plz do let me know ..

Thnx in advance......

if any expenses made during the year but not shown in books of account then it will be taxable or not?

Dear All,
Need your expert opinion on this.

I have got invoice relate to "sponsorship of an event". This service was already under reverse charge mechanism.
so, an amount of 150000 is there on the invoice and no service tax component mentioned herewith.
Now, the service tax component is 18540 (12.36% of 150000).
However, the TDS decuted by the payee is only RS.3000-TDS on amount being sponsored.

Confused on the applicability of service tax and TDS.

Please Help

Our Company are providing transportation services to foriegn company for import of material in india,in that case our company will be liable to pay service tax.
Can u answer us what should be rate service tax ???
Is rate of service tax will be 3.09% or 12.36%
Waiting for your positive response.
Thanks

I sold a land in AY 2010-11, the gain was invested in an agriculture land in same assessment year for claiming exemption u/s 54B. Now i have sold this agriculture land in FY 2011-12. So my question is (1) for which year taxability arise, the year of original sale (AY 2010-11) or the year in which new land is sold (AY 2012-13) (2) Agri Land is not capital asset, so if i reduce COA of new asset by amount of exemption taken (say any amount), the gain should not be taxable because it is not a capital asset (2) if diversion for question 2 then under which head of income calculation of tax shall be made..

Eagerly waiting for reply.

Post an assessment we had received an order of demand under sec 156.
Case was pending in high court and finally decided in our favour.

Now confirm that after decision of high court in our favour whats the validity of demand notice.

Pls substantitate your reply with section..

If A Company is having Office in Guj State & it has locally procured some goods in MP/ Raj State to be used at its site(since bill of the same state, VAT is levied) is ), whether we can take the ITC of VAT of MP/ Rajasthan in Gujarat.

Dear Friends,

I had a following query-

A Ltd. (public unlisted co ) wishes to acquire 100% shares of B Ltd. (unlisted co.).

Kindly confirm that -

1- whether A Ltd. can acquire 100% shares of B Ltd. or there have to be min. 7 members of B Ltd.?

2- whether the main objects of B Ltd. (proposed 100% subsidiary of A Ltd.) have to be commensurate with the objects of A Ltd.?

3- whether the said acquisition can take place by just transfer of shares by individual shareholders of B Ltd. in favour of A Ltd. and no other formalities required?