1. under the composition scheme if 45% items of 4% and 55% items are 12.5% then which rate to be applied.

2.under the composition scheme if 55% items of 4% and 45% items are 12.5% then which rate to be applied.

Sir/Mam,

The final product is exempted from VAT(ie zero rate of tax). However, the scrap generated during the manufacture of final products is chargeable to VAT.
Can VAT input credit be taken on purchase of raw materials etc. in proportion to the quantity scrapped or otherwise ?

whether service tax credit can be availed levied on civil work

hi

can anyone tel me whether previous year expenses, not booked in accounts last year,be booked in current year and will they will be allowed as deduction under income tax act in current year?

Aslo i would like to know the treatment under companies act in current year.

I am a PCC student. I want to go for industrial training as ma training period is left foe 11 Months.. what is the procedure for this???????

Dear Sirs,

Can a registered car dealer in Tamil Nadu buying a car from the manufacturer under VAT, sell the car to a end user in another state or union territory (read as to Pondy from Tamil Nadu)? If yes, will this sale invoice be VAT or CST? Can input VAT credit be taken in this and how should the sales tax (VAT or CST) be remitted?

Regards

Prasanna

Dear,

I want the information regarding
1.How to interpret Balance sheet Data
2.Interpret the Ratio Analysis
3.Interpretation of ratios
4.How to interpret Cash Flow Statement,Fund flow, application money, Source of capital, etc.

Plz provide me any side or mail at
ronak24@aol.in

Thanks

Ronak

Gratuity is not paid if the No. of years of service is less than 5 yrs. But, such no.of years of service can be used for calculation of exempt limit on income from such gratuity... I wanted to Know if the No.of years worked as an article assistant can be considered for calculation of the above??? If not then why???

hello every one
Iam an employee of tata consultancy services.For the PY 2008-09 i was in india for 170 days and after that i went to australia on project work and not yet returned.In this case am i a resident for the py 2008-09.i have a doubt that whether i went on employment purpose or i went on official tour.

thanking you

Dear All,

India does not have DTAA with HongKong.

I want to remmit money towards tour expenses to one of the Hotel in HongKong,
which does not have P.E. in India.

Am i supposed to deduct the tax. if yes Why ? if No why Not?