Assessee is engaged in business of cotton trading an used Tarpaulin for covering cotton and cotton bails.
please let us know rate of depreciation on said tarpaulin for A.Y.2009-10

SIR/MADAM

IN THE FORM OF 24Q AS PER THE SOFTWARE RPU 1.7 THERE ARE THREE HEADS i.e. FORM, CHALLAN AND ANNEXUREI.

IN THE CHALLAN THERE IS A SECTION CODE i.e. 92A/92B.

PLEASE GIVE INFORMATION ABOUT THESE SECTIONS.

THANKING YOU
SAMPAD MOHANTY

We have sent up plant called Precast Plant containing mainly casting yard and gantry. We prepare walls and slabs from cement, sand etc. and use the same for preapring residential units for selling purpose in the same entity.
Whether excise duty applicable on the saem. If yes, under which classification/notification
Second query is if we do jobwork for some other entities and make precast material from there raw-materials. Are we liable to pay service tax OR excise duty.

I had made a payment of $ 1,500 towards consultancy to a party outside India in this month. I will have to gross it up for the purpose of TDS u/s 195 of the Income Tax Act @ 30.9% which comes to approx. $ 2,152 and i also have to pay service tax to the government @ 10.3% on the same as import of service. Now my query is whether $ 2,152 would be the figure inclusive or exclusive of Service Tax and whether TDS is liable to be deducted on the service tax payment and if yes then how will the computation be? Please reply.

what is the interest & penalty on delay of deposit of DVAT? I know that Rs. 100/- per day payable on late filing of DVAT return but Is there any penalty on tax payment also?

An exporte from Maharashtra dispatches goods under TAX INVOICE through a logistic contractor to Europe. The goods are stored in a godown in the city where the customer is located (i.e. in Europe) . The rent, insurance etc of the godown is paid by the exporter. The commercial invoice is prepared only when the goods are lifted by the customer from the godown. The payment terms are also based on Commercial Invoice. At what point of time the accounting of sale shall be made? Whether at the time of dispatch of goods from the exporters factory or at the time of Commercial Invoice.

Whether amount spend on conversion of existing old plant and machinery in to CNC machinery in case of Automobiles Industry amount to capital expenditure or revenue expenditure. Quote case law if any.

Hi,

I have a query on the above mentioned subject matter. the contractor is executing construction contract in the state of Karnataka.

My Query is that under the KVAT 2003 WCT Composition Scheme the contratcor does not require to include the URD purchases made in executing the contract. Does this provision still exist or do we need to inclue the URD purchases in the taxable turnover?

Secondly the dealer executing the WCT Composition scheme is not permitted to make any interstate purchases? has there been any amendmend to this provision?

Kindly Reply to these queries?

Regards

CA K.P.Vinu Iyer

Hello,

Can you please tell me how to create macros in excel and what are the uses and benefit of using macros in excel.

Please resolve my above query at the earliest

Thanking You

Yours faithfully

Form D abolished by Govt from 01.04.2007. Please let me know what is the tax rate for Govt public sector particularly for Railways and is there any GO?