We are Cement Manufacturers having 5 branches in south india (Only Plant is having Excise registration and Branches are not having Excise registration). We are selling Cement directly to the customers and sending to branches on stock transfer basic by paying excise duty.

Now we want to Import Different kind of Cement and sell to customers. This imported Cement may go directly to any of our branch or to plant and sold to customers. But we are not having excise registration in branches, how to sale directly from branches? what Excise formalities to be follod. Can we take cenvat credit on Imported cement.

Please clarify the same.

regards
K.MASTHAN BAVA
ZUARI CEMENT LTD

dear all

my attempt for pcc is in nov9. i have yet not studied theory.
i am confused from where to study, from module or compilation? i found module too lenghty.

can anyone send me theory notes. it will be of greathelp.

my id is abhipcc@rediffmail.com

Can any one tell me the rate of DDT
whether surcharge & edu. cess is included in 15%.
Give a brief example when it will be
15% , 15.45% & 16.995

Eg: Mr X sold a residential flat on march 2008 for 10 lacs. out of the sale proceeds rs 2lacs was used to pay loan of another residential property purchased on November 2006. whether he can claim benefit under section 54 of the income tax act for Rs 2 lacs paid??

1) One of our employee is getting exemption u/s 10 (13A) for HRA and also at the same time claiming Deduction u/s 24 (B)for Rs. 1,50,000 can he do so ??

2) For Claiming exemption on section 24 (B) can we claim for the Rs. 1,50,000 for more than one loan amount like we have taken different loans from more than one bank for construction of more than one house. Can we do so or there is any such law on it.

Plz clarify me.

Whether Interest Received from Post- Office Recurring Deposit - 5 Years Plan is Exempt Income Or Not .....???

I AM A PCC STUDENT AND COMPLETED AN ARTICLESHIP OF 21 MONTHS AS ON 1ST FEB'09.SINCE THAT DAY I AM ON TERMINATION AND WANT TO CONTINUE MY TRAINING AFTER NOV'09.
SO I KINDLY REQUEST YOU TO GIVE ME SUGGESTION WHETHER I SHOULD JOIN MY TRAINING NOW OR AFTER MY NOV'09 PCC EXAMS.

sir their are many articles who have the issues with their principals just becoz of over aggresive nature of their principals.i myself do training frm 9am to 5 pm its 8 hrs per day means 48 hrs in a week which is much more than the limits issed.and the another problm i m facing is tht my principal doesnt have much work with them ryt nw we spend our time just sitting free in the office or doing the personal work of our principal.is this ryt???

1.amortisation of premium paid on purchase of government securities by a bank as provided in the reserve bank of india circular. Is this a deductible expense for income tax purpose?
2.A bank transfers certain investments held under held to maturity category to held for trading. The current market value of these securities is very low.Whether the bank can claim this(notional) loss as a deduction while computing taxable income?

What is the defination of works contract and on what amount TDS is deducted. is there any provision that says, 30% should be considered as labour charges and on the rest of bill amount i.e. 70% is to be taken for deduction of TDS @ 4%.