Pls. tell me whether vat is applicable on rent on machinery & if yes what is the percentage? Whether we can take input credit or set-off on that. Pls tell me why vat is charged on rent on machinery. u/s which section or rule of vat it comes.

Also, service tax is applicable for the same under Section 65, Clause 105, Sub Clause zzzzj.[Ref.:Services for use of tangible goods (Section 65 clause (zzzzj)): Services provided to any person, by any other person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of possession and effective control of such machinery, equipment and appliances]

Clarify whether both taxes are applicable on same product. If yes, what shall be the invoice format?

Creation of charge has to be registered with ROC within 30days.
permission of Company Law board is not necessary if it is registered within 7 days from the end of the 30days period.
The ROC can accept the registration within 30days immediately after the initial 30days period if, they are satisfied with the reply given by the co. for the delay.
1. My doubt is, if there is a delay in registration by 40 days, does it need to get permission from the Company Law Board.
2. Does, it is not possible to register the charge after 60 days from the date of creation?
3. What will be the procedure if a Registration of charge is delayed by 35days, 38 days, 65days and 70 days?

Dear Sir,
I want to know how to calculate Income Tax automatically in excel.

Thanks.

Sir,

I came to know that ICAI has launched Account Technician Course.

At present I am working in a private company, as an accountant. I have 15 years of experience in this field.

I am 42 years old and bcom graduate.

I want to apply for the said course, can anyone guide me what are the requirements of this course, and whether correspodence course is also availble.

And if I have to apply where should I register myself.

Sudheer

Sir,

I have following doubts about MVAT Audit, please guide me

1.) Whether we have to give only list of pending forms C,H, I etc. or we have to pay liability of tax for non receipts of above forms at the time of filing vat audit report in maharashtra

2.) We are accounting our sales transaction in tally as under

Basic Sale ( Under sales group in tally)

Output Vat ( under duties & taxes in tally)

So in one of our company in profit & loss account the sale is showing Rs. 38lakhs & if we add vat then it comes Rs. 41 lakhs.

Then in such case whether it is mandatory to do the VAT audit.

Sudheer

I have one property at my native place where my parents are staying on which I had taken a loan in 2001 and I am paying yearly interest of Rs.80,000/- (approx.). Now I am working in Pune and also I have purchaed property in Pune by taking a loan against which I am paying interest of Rs.1,40,000/- (approx.)

Since both are separate property, Am I eligible for total deductions of Rs.2,20,000/-? or maximum up to Rs.1,50,000/- only.

Can a Bank refund the amount of Tax deposited through OLTAS before remitting the same to the Income Tax Department. If yes, Please give some instances or examples or if no then how could you get the refund apart from Income Tax Department

Plz. anybody answer in brief:-
1)What is told in Sec.269SS?
2)What is told in Sec.269T?

We have made advance tax payment threw E-Payment.Due to Some Technical Problem, Challan is not Generated but Amount debited to our Accounts.

Further,The Bank is denied to provide the Confirmation for the same as it is E- Payment.
So Can get Duplicate Challan or Confirmation for that. Please Guide me.

Dear sir,

My company is a pvt. ltd. company its AGM held on 29.09.2008. But we have not submitted form 23AC & Form 20B in ROC till date for the f.y. 2007-08. Our authorised share capital Rs. 25 Lacs. What would be the penalty for late e-filling in ROC.

Regards,
Lalit