actually i was solving RTP of PCC and there i saw sums like in many sums of capital budgeting they actually calculate tax on negative profits
but in JK shah classes its not this way
so either we should strictly follow RTP even its wrong or should follow our classes way.
Please help

Is it correct that service tax on rent of Commercial Property is withdrawn.If it is so kindly provide some G.O or notification.

Thanks

what is status code?
Where ca i find the status code for filing the ITR

In case of a lease transaction, who has the right to capitalise the asset?,lessee or the lessor. In this regard, is there any contradiction b/w AS and income tax act. To be precise in IT we treat lessor as the legal owner of the asset though he donot capitalise it. Please give me an expert opinion.

In case of a lease transaction, who has the right to capitalise the asset?,lessee or the lessor. In this regard, is there any contradiction b/w AS and income tax act. To be precise in IT we treat lessor as the legal owner of the asset though he donot capitalise it. Please give me an expert opinion.

we are a mfr, availing full cenvat credits on inputs & charging full excise on finished goods. we are also having service tax regn. (we are not service provider)taken only to pay service tax on freight on inward goods (abatment-25% of value of freight). we pay this service tax by cash under TR-6. Now, (1) can we take cenvat credit of this service tax paid (at leser value) on inward freight ? and (2) as an excisable unit, can we take cenvat credit (in excise)of service tax paid for input services like BSNL telephone bill, general insurance premium, courier bill, ISO audit fees bill, legal & prof. charges' bill (all bills in the name of the company).
If yes, please provide relevant reference of rules /noti. etc

regards
anckoora

we are a mfr, availing full cenvat credits on inputs & charging full excise on finished goods. we are also having service tax regn. (we are not service provider)taken only to pay service tax on freight on inward goods (abatment-25% of value of freight). we pay this service tax by cash under TR-6. Now, (1) can we take cenvat credit of this service tax paid (at leser value) on inward freight ? and (2) as an excisable unit, can we take cenvat credit (in excise)of service tax paid for input services like BSNL telephone bill, general insurance premium, courier bill, ISO audit fees bill, legal & prof. charges' bill (all bills in the name of the company).
If yes, please provide relevant reference of rules /noti. etc

regards
anckoora

Whether a civil contractor raised a bill to us Rs. 1,00,000/- plus 4% WCT Rs. 4,000/- bill amt Rs. 1,04,000/- and add on service tax @3.09% Rs.3214/- on total bill amt Rs. 104000/-. Please clarify that Service Tax deduct on Rs 1 Lac or Rs. 1.04 Lac.

Please Urgent

In my one of the co., we have received the income in foreign remittance, and i have raised the bills for each month last date, so, how should i book the income into my books of account and at which rate it should be consider ?

Regards
Mihir Bhagat

Iam appeared for ICWA final examination, in future if i go for practice in income tax and costing field, what help or knowledge i get if i join CFA course, whether it helps me in practice or not.