A fertilizer manufacturing company.
Addition to factory building up to 31.03.2007 is Rs.435000.00. however the addition is not yet completed as on this date. is it capital WIP to be shown on asset side or does it have any other treatment.. Plz explain...

I have got invoices from travel agents but they are billing these with the service tax rates on applicable amount with 12.36%. My qusetion is, are the air/ travel services are not effected with the reduced service tax notification, do these services be billed with service tax rate of 12.36% on the proportionate amount as applicable in domestic & foreign flights instead of 10.3%.

My client is a real estate pvt ltd co in hyd they have purchases a property at bangalore and say that they will use it for their office purpose.this propery at present are occupied by tenants andduring the FY 2008-2009 the company has not caaried out any business, no other income is also recd from this purchased property. Whether the company has to provide dep on this property or whether it has to be shown as stock in trade.last f807-08 they have showed it under fixed assets

Dear All,

Please let me know that, I had made mistake while filling challan for tds payment Ie instdead of 92B i HAVE QUOTED 94J.

cAN IT BE CORRECTED NOW PLEASE LET ME KNOW.

Thanks in advance

please advise whether we could transfer the spare part to other company books through journal entry and wheter vat is applicable on such transfer or not

DEAR ALL

INTEREST ON COCESSIONAL RATE SHOULD BE COMPUTED ON O/S BALANCE AT MONTHS END.BUT OS BALANCE WILL LOAN AMOUNT-PRINCIPAL-INTEREST OR ONLY PRINCIPAL.

EXAMPLE. LOAN 600000 , PRINCIPAL 9000 INT 3000

MAX O.S. BALANCE = 600000-12000=588000

what is cenvat? what is cenvat credit ?
please answer in detail about all aspects of this topic.
for more info if link is available, so kindly give that also.



thanks to experts,

Nitesh Sharma

I am registered in Karnataka.
I have a vendor in Delhi & have adviced him to supply directly to my customer in Delhi.

Will my vendor charge CST to me?
What should I charge to my customer CST or VAT?

Hello,

Can anybody tell me how to maintain the entire payroll of employees in the tally 9.0. What sort of care should be taken in this and the other dos and don'ts in it. Please reply me.

Here is a query on AGRI INCOME of Corporate..!!

Please advise the status of AgRI income earned by Corporates...!!

a) If it is exempted.. (the company can convert its unaccounted money showing it as agri income there by claim income exemption)

b) If not, Why should the Department is bias in giving the provisions.

Let us have the coments (from experts please)