i a person get 20000 for his capital asset as advanc and later(after 2 ) for computation of capital gain can indexation be applied for advanc received.

Can any body reply to my doubt - After reduction of Central Excise duty from 14% to 10% What is the status of Rule 6(3) (1) of Cenvat Credit Rules,2004?, as we are having an order in hand of exempted goods (by notification. Following points to be cleared -

Cenvat credit applicable ?
Or 1st cenvat credit taken & at time of invoicing which rate is applicable for reversal of cenvat credit ?
Or separate record maintain for Cenvat credit invoice -

Electrical Panels to be used for Water Treatment Plant -

[ previously following notification is applicable ] -

NOTIFICATION No. 3 /2004-CENTRAL EXCISE 08.01.2004



G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary

In the public interest so to do, hereby exempts –

(I) All items of machinery, including instruments, apparatus and appliances, auxiliary equipment and their

Components/ parts required for setting up of water supply plants; and

(ii) Pipes needed for delivery of water from its source to the plant and from there to the storage facility,

Falling under the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from whole of the duty of excise leviable thereon under the said First Schedule, subject to the condition that a certificate issued by the Collector/ Deputy Commissioner/ District Magistrate of the District in which the project is located, is produced to the Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, to the effect that such goods are cleared for the intended use specified above.



Explanation.- For the purpose of this notification, water supply plant includes a plant for desalination, demineralization or purification of water or for carrying out any similar process or processes intended to make the water fit for agricultural or industrial use.

2. This notification shall come into force on the 9th day of January, 2004.



[F.No. 354/159/2002-TRU]

(G.S. Karki)

Under Secretary to the Government of India

Best regards,



Mr. Vikas -

which one is better ca or cs,,,,and what is difference between between this two courses, can you please ans this

What is the procedure for registration under Indian Partnership Act

At the tome of scrutiny of a pvt. company it was seen that a shareholder holding more than 90% holding had taken loan from the company. That loan amount was held to be deemed dividend u/s. 2(22)(e).Thereafter a notice u/s. 148 was issued to the shareholder, who in response to same filed a revised return and paid tax in relation to the amount held as deemed dividend.Against that revised return notice u/s.143(2) was issued.Assessment was completed accepting the total income as per revised return.But now A.O.has levied penalty for concealment u/s. 271(1)(c). Is A.O.'s contention right? How can the assessee cancel the penalty levied?

I am investing in LIC's Jeevan Aashta Rs.25000/- I want to know is this full amount is allowed as deduction from my income or part of it. It is only one time investment.

Thanks.

Dear experts,

A very happy new year to you all..

This is with regard to a advance that I wish to give my stockists towards purchasing a storage equipment. I do not want to show those equipment in my books, yet i want to somehow retain the rights over the assets in case there is termination of our relationship with the stockiest in which case i can take the machinery back and install in the new stockiest's premises.
Is there any arrangement by which this can be done?
If i enter into a hire purchase agreement, can i maintain control of the assets and yet not have to show them in my books? Please advice..

Warm Regards,

Aditya

Please Send me a details regarding Interest Calculation Above

please do the need ful

Is there is any excel chart for this will do for me

When will the results for November 2008 Ca inter be declared ?

Respected Sir/Madam,
I am a student of CA.I'm going to give my pcc exams on May-08. I want to do other course along with my CA. can u please suggest me some course.I'm also doing my articleship along with my CA course.Will it be possible to do any other course along with CA.

Thanking You