dear sir nd frndz,

a company has imported a machinery , in the due course it has paid excise duty which the company wants to set off against its excise liabilty for the year.so will the amount of excise duty paid will form part of cost of machinery ?

x ltd. purchase goods within the state attracting VAT @4% from various vendor for their contract site which is outside the state and therafter sometime they made branch transfer.whether cst is applicable or not for purchase of such goods at the time of purchase within the state which later on transfer as a stock transfer?

Can we write CPA(USA) from India?

We buy right in films and further sell those right, it may be possible that all the right in relation to a single movie was sold in one go or sold to different persons in different year for different language / songs etc. All is done well before 90 days of end of financial year.



1. in above situation if one language was sold to one and other was sold to another in next year that will there be any need to Carry forward the value to stock



2. while drawing P & L account the receipts from sale of above under what accounting head the revenue should be shown whether sale of films or royalty received.



3. What would be limit of tax audit 40 or 10 lacs



4. why TDS is deducted by the party who is purchasing the films.



5. what is status of applicability of VAT on this industry



6. Some times cash payment exceeding 20000/- is made for purchase of rights what will be status of its allowbility.

Can any one give me a detailed note of preferential voting rights

The client is paying full advance payment under purchase order for purchasing a machines from foreign supplier.

The foreign supplier manufactures and send machines to Buyer after 60 days.

The contracts Value at CIF - U$100000

Full payment is being made to supplier as advance.

At what cost, machines to be capitalised in case
Exchange Rate - Rs.40 at PO Date / Advance Pyt Dt.
Exchange Rate - Rs.41 at Machine Supply at Foregin Port
Exchange rate - Rs.40.50 at Bill of Entry date
Exchange Rate - Rs.40.75 on Machines receipt at Factory Gate.

Dear sir,

When a Non resident provides loan to a Resident. Mr Obama given loan to Mr. Sharma of Indian (Resident)of Rs. 1lac @ 10% pa. Is the resident utilise the loan amount outside india or inside India & any income earned from any other source?

Pls clarify whether it is inside India or Outside india.

with regards,

R. Gurucharan.

Can any bode tell me industrial training. Is this training compulsory .

Good morning sir
i have to write my ca final group 2 this november 2009 attempt for that i have hardly 60 days to prepare
can you suggest me which book should i refer for direct tax (existing course)in order to do well in exams
thankingyou in advance

Kindly guide me to frame a salary structure for a woman assesse who is above 30 years and getting salary of rs. 30000/- p.m working in a educational institution. I want to make break-up so as to get the maximum tax benefit.
Please respond urgently!!!