Ours is a Export oriented Mfg. Company.(Not 100%)
Total Turnover consist 70-80% Exports.

What are the ways for Refund of excise?
Is there any way so that We need not to pay Excise and avoid Refund procedure?

The other thing is that how can we avoid to pay excise on input raw materials which are used for Mfg. activity and the Final Product is sold out in Domestic as well as out of India.

Pls. give me the solution.

I had taken the Loan for the construction & after construction i will given the same property on rent.
Now whether i want that all the amount payable such as interest & principle would be set off against such rental income?

weather i should giv both groups of IPCC in nov 09 or only one group...my aim is to get a rank...and i came to know that it is possible with both groups simultaneously

Sir,

Can we accept unlimited cash towards supply of material ?

Will it be harmful under Income Tax Law ?

Will it be taxed ?

Is there any case law for this, if yes than send me.

Hasmukh Patel

SIR/MADAM

MR. X LIC AGENT EARNS COMMISSION INCOME OF RS 40000/- IN THE F.Y 2007-2008 . AND IN F.Y 2008-2009 HE EARNS RS 50000/-. NO DETAILS OF EXPENDITURE INCURRED IS MAINTATINED CAN HE CLAIM ADHOC EXPENDITURE ?? OR I HAVE READ THAT HE CAN CLAIM 50% OF THE INCOME IF INCOME IS WITHIN 75000/-RS??. CAN U PLZ EXPLAIN IN DETAIL THE AMOUNT OF TAXABLE INCOME OUT OF SUCH INCOME IN BOTH THE YEARS SEPERATELY??

Can first stage dealer issue invoice inclusive of excise instead of mentioning it separately?

can other sources income be Negative

Exp.

Loss from Comodites- 550000
Interest - 95000
Net Income (455000)

am my Calculation Is correct or wrong . my senior want to show Comodies Loss as Other Sources


Please Tell soon...

my clint a commission agent was drawn cash of Rs.3 lacs from bank and it was stolen while bringing to shop.he lodged compalint with police.whether same can be climed as business expenses u/s 28

Could you please tell the the procedure of registering chit company with the registrar of chit, after it is incorporate with the ROC. The company is in Bangalore.

Please answer the query to spurthykn@yahoo.co.in

CAN WE VERIFY PERSON'S NAME THROUGH ANY WEBSITE,IF WE ARE HAVING PAN OF ANY PERSON?