when we transfer goods to job worker & he again transfers back such goods after carrying conversion processes(manufacture)....there Rule10A of Valuation Rules 2000 applies..
and the value of goods on which duty will be levied is the sale price by the principal manufacturer at that time

But if the principal manufacturer himself uses such goods and carries out manufacturing process on it then what will be the value on which duty will be levied??

The assessee does not maintain a detailed stock record. however monthly stock statement is given to bank for maintaining CC limit. The stock declared to bank is very high as compared to the actual stock (the stock declared is very high to maintain high CC level)....in such a case while auditing the books can we adopt an altogether different valuation than what is given to the bank? as mentioned earlier no stock records are maintained by the dealer....only record available w.r.t. stock is the statement given to the bank...can we entirely ignore that statement?

Dear all,

i have registered for PE-II in June 05. I haven't cleared my Test papers, hence i haven't received eligibility Certificate. Now I want to Pursue PCC. As the last attempt of PE-II is May 2009, thus i wont be able to clear 3 papers to go to PCC.

What should i do? Kindly suggest with your precious comments.

We are 3 brothers & 2 sisters. Our father purchased a ground for Rs.2500 and constructed house in 1977 and in 1995 additionally constructed a floor for Rs. 200000/-. He died in the year 1997 and we demolished the house and constructed 5 apartments in the year 2008 (October). Out of 5, we retained 3 flats for three brothers and sold the two flats to outsiders and utilised the consideration of Rs.2800000/- towards construction of all the 5 flats. Being allotted a small size flat I was compensated in cash to the tune of Rs.300000/-. Pl clarify what
is the capital gain tax on my part and if anything has to be paid, what is the last date for payment. - g.ramesh (rameshrohit65@gmail.com)

if we deposit excess service tax during the year, then can we adjust the excess paid with next year service tax liability?
or it is allowable to adjust only to quarter pertaining the same year? so is it better to adjust, if applicable or file for refund?

IF A COMPANY HAS NOT DEDUCT THE TDS ON SALARY

IS THE TOTAL SALARY IS DISALLWOED???????

TOTAL SALARY IS 3,64,000 , SHE ALSO HAVE A SAVING OF 1,00,000 RS

HUF is the proprietor of a Trading Firm. Karta of the HUF is managing the firm and getting salary from HUF business.

Salary so received by the Karta is shown as Salary Income in his personal Return.

Please confirm if there is anything wrong in it.

dear all,
as per e filing rule hard copy will be submitted within 15 days on respective i.tax department.

But what will be happend if hard copy not submmited for ever, or hard copy will be submitted after 15 days ?

Any section regarding this ?

pls. answer my question.
thanks in advance
surendra kumar

Hi,
I want to start my architecture firm with my friends. what would be more preferable: partnership or private ltd company.

Does one need to prepare the financial statements in case of partnerships. where to register the partnership firm in Delhi? what all taxes need to be paid in both the types of business entity?