A company purchases an asset in one financial year say in Dec 07 for Rs 1 lakh but returns it to vendor in next financial yr say July 08 for Rs 95000 due to poor quality. How it should have calculated depriciation in both yrs and how shd it treat the VAT input credit it has taken while purchasing the asset?

Is construction of stadium to host international games liable to service tax? Is it not coming under the definition of infrastructure?

Hello Sir

I want to ask that CA degree is still a prestigious because in your clubindia site i found many CA pass students searching for jobs and they were not been selected in campus interview as well as in big companies .Will these problem will prevail in future also .We are totally demotivated and feeling insecured
Please guide us

Dear Sir
What is the difference between Cash flow statement and cash budget and cash flow statement and fund flow statement?

Dear Sir,
Suppose a Director withdrewing every month Rs. 10,000 from a company.
1.Whether it should be treated as loan to director?
2.If yes, what is the rate of percentage of interest on loan?
3. Is there any alternative method of treating this withdrawal by director as per companies act?
4. which section deals about this?

Dear Friends
Is there any notification or circular regarding the examption on TDS for embassy
pls help
Regards
pradeep

My query is that if a company does not issue Form-16 in case of any employee due to any argument with the employer then
1. what remedy doe the employee has against the employer?
2. How will that employee file the Income tax return?
3. Who will be liable to pay the Penalty & interest if any for non filing/late filing of IT return under these circumstances?

Thanks in advance

Yogesh modi

if we can take the credit of service tax on the freight outward up to the place of the removal (it could be the doorstedp of consignee)

whts the issue of credit of freight outward????


pls advice

Company is paying travelling, Hotel etc exp of two director ( One is Managing director and other is just director, he not doing anywork in company )

Whether exp of both director are allowable for fbt or not

and if it not allowable for fbt, whether these exp are include in their Remuneration amount or not.

plz give full detail on exp of director for FBT purpose

we are mfg/exp and using the transportation services from the various transportars
we are paying the service tax as the service used from GTA

we are taking the input credit on freight inward and not taking the input credit on freight outward tax which is being paid by us

some of our transporters have the service tax number and they are charging the service tax from us from their bills

i want to know that have we to pay the service tax on the amout on which the service tax charged by the transporter and can we take the credit on that amount or we should not pay the tax to the transporter and should deposit it myself

if we can take the credit of service tax on the freight outward up to the place of the removal (can be the doorstedp of consignee)

whts the issue of credit of freight outward????


pls advice