We have the minutes of the Board Meeting on the letter head of the company. They are numbererd and signed duly. Can we paste them to the sheets that are in the binder book maintained for minutes.

Salary – 420000
Bonus – 6000
P.Tax - 2500
Housing Loan Principal amt – 31659
Housing loan Interest amt – 78780
LIC Premium – 8682
PPF - 70000

Wht is the amount of tax ?

Wht are the deductions under Section 80C ?

Housing loan Interest amt are come under which head.

I have recd the invoices with description of consultancy charges for staff training. whther it attracts FBT or not. Staff training is not at place of business.I have deducted TDS as consultancy bill & also entered with tally as consltancy charges. My C.A. has advised that you have to charge FBT. the amount of invoices is very large. if it is not applicable it will loss of me for FBT.
Pls. suggest me what to do.

What will be applicable for CA Final old course June 2009 exams, SA or AAS ?

Where the consent of party is obtain by misrepresentation, the contract is voidable. The agreemet is voidable at the opinion of whose party and why

Dear all,
whether Gift given to employees liable to FBT ?

A manufacturing company A gets its power manufactured by a different company B on payment of processing charges and takes cenvat credit on the 'fuel' supplied by it to B. Now, A has taken a decision to supply some of the critical spares also (besides the Fuel being supplied now) to B which will be used by B to maintain the P&M items belonging to Company B and used for generation of power.

Now is it possible for A to take cenvat credit on such spares also? I personally think it is possible.

Please provide your views on this.

S S Roy 9831090324.

Sir

Thanks for the reply.

We checked with CE Authorities. They informed that since the goods have been cleard under without payment of duty (ARE 1), we are not eligible for CE reg..

They also reqested us to submit any precedence from our end to get CE Reg. No.

Pl. clarifiy whether we can reg. for CE No. and if posible can we issue excise invoice (cenvatable by our buyers).

(We are merchant exporters.

We have cleared goods on ARE1 (without payment of duty) for export.

But not able to export some quantity.

Planning to sell the unexported locally (after paying duty with interest. But the buyer wants cenvatable invoice.

We do not have excise reg. no.

Can we issue excise invoice? so that the local buyer claim cenvat credit.

regards
sundharesun ks)

My company is a private company and one of director of my company is having partnership in its sister concern so in that case whether section 297 & 299 will be applicable and why?

Hi Friends

In case of slump sale, should we consider the actual cost of assets bought by the person or the written down value of the assets in the hands of transferor while accounting in the books of transferee?

What is the cost of the asset to be shown in the books of transferee i.e. buyer after slump sale?

Is it the actual cost at which assets were bought or the written down value of the assets which would have been accounted in the books of transferor if there were no slump sale?