IF A CLIENT/ DEALER HE IS DEALING IN THE MANUFACTURING OF SIGN BOARDS AND IS A REGISTERED DEALER. I JUST WANTED TO KNOW WHAT PERCENTAGE OF VAT HE SHOULD APPLY (4 % OR 12.5 %) WHEN HE MANUFACTURERS & SELLS THIS GOODS.
NATURE OF BUSINESS ON THE CERTIFICATE OF REGISTRATION ARE AS FOLLOWS:- RESELLER, MANUFACTURER, RETAILER, WORKS CONTRACTOR.

OUT OF WHICH HE ONLY TAKES ORDERS OF MANUFACTURING & SELLS IT TO THAT PARTICULAR CLIENT.

PLEASE ANSWER ASAP.

THANKS & REGARDS

Dear Sir,

I want to Start New Business in Accounting & Taxation. I am Graduate in Commerce & Pass CA Inter. I have already worked as a Sr. Accountant in Co. upto 4 years. May be Possible or what is the procedure to start the business?

Hello,

I have a few questions pertaining to th subject of auditing,

1. Is there any change in the syllabus of CA Final for the new syallabus from Nov 09

2. Which is the best Text book for audit, are the study materials enough?

3. What is the distribution of marks for the audit paper ie Marks alloted for professional ethics, Accounting standards and other topics

Thanks and best regards
Mukesh Kevlya

Hi,
If i purchase any asset and make payment exceeding Rs. 20000 in cash then will it be allowed as deduction u/s. 40A(3). For instance, if i purchase computer for Rs. 30000 and paid full amount in cash, then will it be allowed.
If possible also give reference of any circular or judgement.

send a mail on mehul7285@gmail.com

Thanks in advance.

I have found that my client's advertising Agency does'nt charge service tax for advertisement given on News papers.instead of that,Ad agency share the service tax charged to them by news paper agency with our client(charges to our client)this is done becoz they also share discount given by News paper agency.
accordingly our client calculates TDS exclusive of this Service tax.
is this practice legitimate?
if not what wrong in this practice?

In our company there is one computer which access all other computers but when we try to connect it, it asks permission and shows information about unable to connect it.

we have tried it a lot but have not succeeded, what type of problem it is.

will anybody help us.

Awaiting reply.

TRIBHUVAN PUROHIT

Hello,

Are deductions under Chapter VI A are allowed for all individuals? Can a foreign citizen avail such deductions?
Specifically Sections 80C, 80CCC and 80G. Can these be availed by a foreign citizen?
Also, is residential status a criteria for such deductions? Can only Resident Individuals avail or even Non Residents?

WE ARE MANUFACTURAR EXPORTER AND HAVE THE LARGE AMT OF SERVICE TAX CREDIT IN OUR BOOKS

CAN WE TAKE THE REFUND OF SERVICE TAX
UNDER NOTIFICATIN 41/2007 ST. 06.10.07

CAN WE TAKE THE REFUND OF ALL THE SERVICE TAX WHICH WE HAVE PAID EXCEPT FREIGHT OUTWARD

OR

WE CAN TAKE THE CREDIT ONLY ON THE SPECIFIC SERVICES

PLS ADVICE

if deferred tax is applicable when the company is in loss ?

Dear Sir,

For making Steel in a Factory in Maharashtara, an Oxygen & Nitrogen Gas Plant is required. The Steel Factory wants to invite Vendor of such Oxygen Plant to enter in a BOOT Agreement(Build, Own, Operate & Transfer)whereby the Vendor owns the plant, run it for 2-3 years and then transfer it. During this period they will get the Operation & maintenance Charges for continuous supply of Oxygen & nitrogen Gas of required quantity.

My question are -

In case the Gases - Oxygen & Nitrogen are produced by Vendor, will it require the Excise Reg and payment of Excise Duty by them ? In this case the premises of their plant is in our factory it self so will they get separate Reg ?

In case it attracts Excise Duty then they have to sell the Gases which would also include the VAT ?

In case they are paid monthly fixed charges for continuous supply of gases as Operation & Maintenance, how will it be treated from Excise, Vat and Ser. Tax point ?

The proposed BOOT Agreement provides that the Plant will be the Vendor till it is transferred.

When after 3 years the same is transferred, will it be chargeable to Excise Duty ? Though there is no clearance ? The Plant as assembled and erected is being transferred. ?

Please clarify.

Regards,

MK