I want to know that whether following items should be capitalised or taken as expenses.
1. Electronic weighing scale Rs. 1600/-
2. Computer Monitor Rs. 7100
3. Installation expenses of AC 10000/-
4. Antiwirus software Rs. 7100/-
5. Repalcement of AC Rs. 6000/-
6. Electronic items like helogen bulb, lights tubelights Rs. 12100/-
7. Server machine Rs. 5100/-

Thanks

We are a Small Scale Manufacturing unit.Our sales for last three years are 120L,162L and 175L.We use red mud in 25% of our products. The qty. of red mud used is around 33% by weight of the product weight.This qualifies us for the exemptions under 03/2005.
Our annual sales figure remain below 150L limit after deducting 25% products made and sold by using red mud,where duty rate is nil.
As we remain below 150L(100L for 06-07) we have not registered with excise.
Do we have to file any returns/declarations etc with the excise department?
We maintain all records of red mud purchased and brought to factory and its consumpation details.
Please advise.

Hi,

I am trading with forex for last 6 months, I want to understnd whether Forex is legal in India, and if yes how should i file income tax return for forex gain.

'A' has taken shares as loan from relative through demate account to settle the account with broker and subsequently shares has been return through demate account, as per CBDT circular it is not a transfer u/s 2(47) so nil taxation liability on transfer.But how and at what value entry will be passed in accounts.As the loan remains outstanding at end of the year?regarding sec 2 (47 ) as per circular no 751 of 1997 loan of shares is not transfer so capital gain tax does not arise .i wants clarification for book entry as this is friendly loan how the necessary entry @face value or @ prevailing market rate or @ cost of lender.

Are the files of notes of PCC Subjects here are useful for study
Does it covers all the amtters given in Module
]Which book should we refer for studies
are modules provided by icai sufficient for studies?????????
ur replies are welcomed

Dear Sir,
would any body tell me that If any one employed outside india from last 10 months and geting salary after deduction of TDS by his employer. Then what is the procedure to fileing return in india and In which form i.e ITR I or ITR II.

kindly reply on my mail ID
sandeepkumar_thakur@yahoo.com

thanks in advance

I am a PCC student.my name is SANJAY KUMAR AGRAWALLA.but when i registered in CPT, it mistakely registered by SANJAY KUMAR AGRAWALLALLA.I have gave my first PCC attempt on june.

So please guide what to do....what is the proceedure for change in name

hello sir/madam,

I am presently in my 2nd yr BBA in loyola college... I want to do a course which is worth doing... I want to know any alternative course compared to CA.. I am not planning to do CA.. So could u please suggest me a course alternative for it.. I have been already going for CAT classes and i am plannin to take up CAT in 2010.. It wil be of good help if u could help me with this...

thank u

bharath

One manufacturing co. Deduct TDS on FRIGHT u/s 194C ie they deduct TDS as a contractor.But after this (on that fright) they also pay service tax as service provide by them but not recover service tax from the service receiver.They pay service tax from own fund. i ask about from the co. but they tell me that they pay service tax if there fright amount is exceed Rs 1500/-@2.575%.Any one tell about, is it possible. And also me about Provision summary.

Thanks in Advance.

Dear All,

If i pay commission/incentive to a NRI person reside at UK, USA and UAE is liable to tds?
if yes then tell me at what rate and what is the other formalities for the same?

Pls resolved earlier.