our client recieves a material on the basis of performa invoice and entered the material in the store on the basis and details of performa invoice. But the orginal invoice is recieved after around one month {also original bill contains one month later date} and the entry in books of such purchase is made on the basis of such bill due to which the reception of material against such bill recorded in the store one month before the date of original bill. so my ques is wheather such treatment is correct or not.

preferred books for costing and s.m. 4 CA PCC

The term finance market has two area involved :1 is money market and 2 is capital market,

I want to know brife distingtion between money market and capital market.

Regards,
Mahaveer

Can Interim Dividend be paid after the closure of the financial year but before the finalization of the audited accounts by the statutory auditor and approval of audited results by the audit committee and by the Board of Directors

Please tell me what is exact difference between the term 'Circuit' & 'Circuit Breaker'?

Thanks in Advance.

Can a company award restricted stock to its consultants also? Further what would be the tax impact of it as there is no employer employee relationship between the company and the consultant? Also what be the tax implications on the consultant?

please let me know the name of site for getting suggested answer of CS Excutive Programme.OR Mail me Suggested answer.
My e-mail id in pr86shukla@yahoo.co.in

I have come across an assessee whose certain amount of purchases has been disallowed by A.O on the ground that his inspector could not verify the address of the suppliers. But he has not considered the sales made out of those purchases. Consequently he has raised a demand on the base of Bogus Purchases. However all the transactions have been made through bank and is evidenced/verified by AO from the assessee's banker.

Please advise whether the contention of the AO is acceptable. Even so then sales made from such purchases should also not be considered since point to point transaction can be established. Please also favour with the relevent Case Laws(s).

Dear Expets,

Please advice in which rate TDS has to be dedcuted if payment is made :

1) For Equipment for per metric ton basis i/o periodical basis

2) For Barge Hire on Per metric ton basis i/o periodical basis.

Dear Experts why it not attarcts U/s 194 I ???

A dealer has import purchase as well as VAt purchase on which he claims Input Credit and transfers a portion of stock u/s 6A of the CST Act outside W.B. The qestion is, is he liable to reverse input credit proportionately on stock transfer? Can we argue that transfer is out of Imported goods ?