I have incurred a short term profit of Rs 40 lacs by selling land whole block has been sold and on the other hand i have incurred a loss of rs.40 lacs in sale of shares held as investment in which stt has been deducted

Can the same two be adjusted

SUMIT

My Company follows cash basis of accouting

but we book the whole TDS amount the certificate which we get from the party

But on the corresponding the total income is not booked because we follow cash basis

is this the right treatment

Please help

My Business is of car Rental

I have sold one Car amounting to Rs. 200000.00 along with depreciation as on 31-10-2008 for Rs. 325000.00

Rs. 125000.00 where should i show at the time of making Computation

My Business is of car Rental

I have sold one Car amounting to Rs. 200000.00 along with depreciation as on 31-10-2008 for Rs. 325000.00

Rs. 125000.00 where should i show at the time of making Computation

AS-7 “Construction Contracts”, whether applicable or not, to projects undertaken by the enterprises on its own account as a commercial venture in the nature of production activities?

E.g. House construction by Local Authority or company and after completion sales by draw.
E.g. Flats construction by a Co-operative society for its members.

AS-7 “Construction Contracts”, whether applicable or not, to projects undertaken by the enterprises on its own account as a commercial venture in the nature of production activities?

E.g. House construction by Local Authority or company and after completion sales by draw.
E.g. Flats construction by a Co-operative society for its members.

if i want to cenvat on purchases then is it mandatory to cenvat credit indivisual (means cenvat basic,edu. cess,h.edu.cess seperate) or can i take cenvat credit total of cenvat basis,edu cess,h.edu cess)
& also i want for above what statutory requirment.

if i want to cenvat on purchases then is it mandatory to cenvat credit indivisual (means cenvat basic,edu. cess,h.edu.cess seperate) or can i take cenvat credit total of cenvat basis,edu cess,h.edu cess)
& also i want for above what statutory requirment.

I wish to know about s.tax liablity,
we are consignment agent of one south India base company,they sent goods to us for further sale,they raise a consignment transfer note/invoce-in which they show basic rate+ex.duty+plus commision amount+insurance+transportation= bill amount.
After this we produce sale invoce,than send a salepatti,shows detail of sales.
They had given instruction to us to diduct the amount of commision,as well as amount of freight,which we have to sent directly to transport company,with diduction of TDS.
My query is is our liablity to pay service tax on transport +commision amount? commision amount for whole year is arround 5-00lacs. where fright amount is arround rs.10-12 lacs.
As existing consultant says when company show-add fright in consignment note,we not need topay any S.tax,as our commision is under limit of S.tas examption.
Hope you will offer your valued opinion.