kishan

if a assessee puchased goods of rs. 15000 on 5.5.2008 from mr. a and rs. 18000 on 8.5.08 from the same supplier i.e. mr. a and maid total cash payment of two bills of rs. 33000 on a single day i.e. on 10.5.08
the whole payment should disallowed under sec. 40A(3)?
why

i refer the various refernce book but it is differnce of openion in the books also
as per books of prof. aahuja and prof. sighania it shoud not be dissallow
but in book of prof. manoharan it should disallow

plz. explian the reason for same
thanks


G. RAMESH BABU
03 March 2009 at 14:45

Service Tax on Advance Received

W.E.F 23 May 2005 service tax is paybale on advance received for providing the service. ours is a post production facility house and it will take 5-6 months to complete a job. During the progress of the work we will receive part payments from the customer and we are paying service tax on the amounts recieved in the same month. w.e.f 24.2.09 the tax rate has been reduced to 10%. For the projects which have started before 24th Feb and completed after 24 Feb 09 we will raise the bills now and have to charge 10% tax. But on the advances received for the same project we paid tax at 12%. Please clarify me how we can raise the bills and pay the tax


G. RAMESH BABU
03 March 2009 at 14:44

Service Tax on Advance Received

W.E.F 23 May 2005 service tax is paybale on advance received for providing the service. ours is a post production facility house and it will take 5-6 months to complete a job. During the progress of the work we will receive part payments from the customer and we are paying service tax on the amounts recieved in the same month. w.e.f 24.2.09 the tax rate has been reduced to 10%. For the projects which have started before 24th Feb and completed after 24 Feb 09 we will raise the bills now and have to charge 10% tax. But on the advances received for the same project we paid tax at 12%. Please clarify me how we can raise the bills and pay the tax


CA Manikandan.A.V
03 March 2009 at 14:27

FBT On Employer Contribution of EPF

Is FBT applicable for Employer Contribution of EPF?


CA RAVINDER GARG

HELLO EVERYONE
MAY ANYONE PLEASE TELL ME IMPACT OF CRR REDUCTION ON INFLATION IN LONG TERM.
IN SHORT TERM IT MAY RISE INFLATION.
WEATHER IN LT ALSO INFLATION WILL INCREASE.


haresh
03 March 2009 at 14:16

what is cenvat credit

what is cenvat and on which taxes it is applicable?


POONAM SHARMA
03 March 2009 at 13:55

completion of 15 months

hello
i m pcc studnet and my attempt is june 09
my articleship is going to complete on 8th of feb,
am i able to appear in june 2009

plz plz
rply as soon as poosible

bcoz mene to examination form bhi purchase kar liya hai


shibunabeel
03 March 2009 at 13:43

resedential status

ram nayakh as accured U.S. citizenship. he has house property, urben land,lented buildings in india. he want to dispose them .wil it atracts IT?


CA CS VINAYAK PATIL
03 March 2009 at 13:02

Interest on Deposit of Minor Income

If Assessee received income from interest on F/D of Minor Income. he will also loan taken from that F/D and paid interest on F/D loan can he take befit of U/s 57 and U/s 10(32) both. or only take one of the two section.


geetha venkat
03 March 2009 at 12:39

validity of my registration

I am a Final student regd under the old course in 2006.I have not been able to clear any of the groups till Nov 2008. In case I clear only first group by Nov 2009 whether I can continue my second group in the new syllabus or whether I have to register again under the new syllabus and appear for both the groups. Kindly let me know.






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