Dear Experts,

If a DD has been drawn in favour of a third party from the company's regular bank account and keep pendng to issue, how should it be accounted in books. Should it be accounted as cash drawn from bank.

Thanks

Can you tell me the difference between Section 214(1) and 314(1B)of the Companies Act 1956?

I have a case of an assessee where he is actor by profession & in P.Y. 08-09 has also been made charge of a transfered business which was earlier carried out by his father.

Now I want to ask that how do I combine both income from business & profession of acting in a single P&L A/c since for profession we have to prepare Income Expenditure A/c or I will have to prepare separate P&L a/c and I&E A/c and a combined Balance sheet?!

Thank you in advance...

Sir,

We have purchased machinery 5 years back. We have utilised cenvat credit on the same as per Cenvat Credit Rules. Now we want to sale the same. Whether we have to pay excise duty on the same ? If yes, at what rate and on which amount ?

Dear experts

Unit is purchase and used various electrical items for expansion/modification/generating of plant.Can ITC claimed on these type of electric items?Ifyes what type of supporting documents required to prove eligibility of credit?

Thanks

Sandeep

Dear Sir,

My company issue Form 16 for period of April 08 t0 march 09. and16AA issued for the period of 11 months.
y it is diffence inocme stated in those forms for same asst years.

In which form enclosed to ITR-2 for this asst year

with regards
murali dhar

Dear sir,

We are awareded a contract to a Party in view of suply of Granual Sub base(GSB) to our Road works.

1. The Rate inclusive VAT
2. Party had submitted invoice on 06.06.2008 with out specify VAT amount intheir Inovice.
3. Now the auditor pointout in this matter for collection of VAT from contractor for thier subsequent bills( 4%).

Can we deduct this amount from their subsequent bills on 15.07.09?

dear Sir,

We are aggrement with a Travelor for providing a car to our office purpose with driver for the period 1 year. we are confused applicbility of 194I & 194c and diffrence in this matter.

with regards,
N.Murali.

Dear Sir,

our company gives ex gratia to all employees due to completion of Road project. in this regard whether it is taxable uder head salaries?

2. What is difference of Bonus, ex-gratia under income tax Act?


Kindy clarify in this matter.

Best regards
N,Murli dhar

Hello Sir, Madam,

I am in the process of buying a residential flat in Bangalore. The proje ct is under construction and the posession will be in Dec 2010. My query is 'Whether kvat is applicable to the cost? if yes, what is the percentage. Further, is Service tax applicable?

Thankyou for your time.

Regards
Uma