One of my client purchase Truck & he paid VAT on it his daily business is supply of soil to construction sites he charge 4%vat on it as a output tax his other purchase is URD My Main Question is


1. Whether he claim the input tax credit of VAT paid on Truck Purchase

2. if yes then how ?

3. if not then please provide refrance of act mention in Maharastra VAT


its urgent for me

Please suggest the books for the theoritical subjects
If u have notes please send me at my email id
ca.deepakaggarwal@gmail.com and ca.deepakaggarwal@yahoo.com

1)Auditing
2)Coprate laws
3)MICS

i need them its urgent

Deepak Aggarwal

What if an entity purcahsed Aseets in bulk like 10 mobiles each individually costs Rs 4000 or below 5000 , then total cost of 10mobiles will be capiatalised or asset will individually capitalised


Suggest

WE ARE NOT VAT REGISTERED BUT WE HAVE SALES TAX NO. OUR CREDITOR CHARGES US VAT @ 4% ON ELECTRONIC HARDWARE & COMPUTER ACCESSORIES GOODS.

WE PASS FOLLOWING ENTRY IN BOOK OF ACCOUNTS :

ELECTRONIC HARDWARE ITMS A/C DR. XXX
TO SUNDRY CREDITORS A/C XXX

SUNDRY CREDITORS A/C DR. XXX
TO BANK A/C XXX

IS IT RIGHT PRACTICE??

CAN WE HAVE VAT CREDIT??

PLEASE SUGGEST.

Dear Sir,

Can I claim penalty & fines paid to the Govt.Authorities other than I.T.Dept as an expenses if yes upto what extent and also we had paid huge amount of penalty on behalf of our customer which will be reimbursed by oure customer later on pls tell me the accounting entries for the same.

WHAT ARE THE PROCEDURE TO APPOINTMENT A NEW DIRECTOR IN A COMPANY. AND WHATS NEEDS TO BE DONE IN ROC.

Hai

Please give me a brief notes to Wealth Tax

I have jewell worth above Rs 2 lakhs i am liable to pay tax.

Please tell me procedure of redeeming EPCG License. What forms has to be submitted?

Thanks
Lovenish Bansal

Can i receive gift as immovable property(Comercial) from my dad on my birthday. will there be on clubbing provision applicable.
Can i receive in same way cash.

Sir,

for financial year 2008-09 TDS deducted and paid for which we need to issue certificates.

Now the certificates should be issued in new format or old format?

if new format what should we mentioned in column of UTN - as we didnot receive any unique number from income tax department.