My issues are

> When excise paid goods are returned to the factory for repairing or as rejection of the goods due to wrong category dispatched then is it compulsory that the goods should be returned in the same condition?
(i.e Supposing the whole water pump set has been sold and only pump has been returned then can we take credit proportionaltely of the pump amount or not)?

>And if at the time of sales the excise rate is 10% and when it is return the excise rate has been reduced to 8% then at what rate the seller should take credit (10 or8)?

Sir,

If an person transfers shares to his wife and she sells such shares & buys any Asset which is an asset U/s 2(ea) of wealth tax act, then such asset is taxed in the hands of the wife or in the hands of the husband.

A chartered Accountant raised a bill for representing before Income Tax Authority in the matter of Assessemnt u/s 143(3).


Should chartered accountant charge SERVICE TAX on the bill.

AS per my knowledge , FEE for representation before authority is not liable to SERVICE TAX.

hi i am student of pcc i wrongly opt the ca in hindi medium in june 2009 and i cannot give exam in this attempt and pl tell me can i opt the english medium in next attempt in nov 2009

we are service tax payer on GTA

we received the service in may month and we receive the bill of that service in aug
have we pay the service tax from may with interest or from aug when we received the bill of that service

pls advice

Dear All,
Good Day

We are Delhi based Company and having factory at Gurgaon(Haryana).

We are purchasing Raw Material from Delhi Vat Dealers at @4% Vat and the same raw maerial is transferrd to our gurgoan factory for manufacturing puporse.

Can we take 100% benefit of Input tax or some restricted amount.

Please describe in detail the procedure.

Thanks
b'regards
Saran

Is company liable to pay FBT on free transportation facility provided to employee which is not in lieu of conveyance allowance

(i.e, conveyance allowance is also being given to employess and buses have also hired for commuting from residence to office and office to residence.)

AS per Circular No. 8/2005 dt 29/08/2005
FAQ NO. 104, facility provided in lieu of conveyance allowance is not liable to FBT.

we are having Partnership Firms our partner was done interior work for their own house but the payment made to Contractor from Firms which is wrong also we deduct TDS on that bill amount now what we can do.......???????????

give me a brief idea about calculation of deffered tax. wchich area has to be taken care of.which incometax section covered for deffered tax.

Dear Sir,

CAn a unlisted public company & deemed public company accept loan from its directors, shareholders & outsiders.

Please reply ASAP.
Thanks