Amol Desai

Sir,

We are producing Refined oil & purchased goods from exempted unit(PSI-1993).

Exempted unit raised invoice upon us, without charging VAT, in that case whether we can claim a VAT SET OFF.

If yes, what is the procedure.


maheshkulkarni

Dear Sir,

In the course of internal audit I request yourself to explain me and the areas to look in with reference to the above BRs statements and also kindly let me the brief idea of the accounting procedure that will be inculcated in Export Business,

Reply to maheshkulkarni29@gmail.com

thanks in advance

Regards,
Mahesh Kulkarni


smita sharma
26 November 2008 at 12:53

what is the meaning of lineal ascendants?

whether lineal ascendants includes mother's mother?


Vinay
26 November 2008 at 12:33

Financial Terms

Please Define The following terms:-
Book Value
Net Asset Value
Net Worth

How we treat Preference Shares & Some reserves like Capital Redemption Reserve, Amalagamation Reserve, Share Premium A/c for calculation of the above?


sirisha
26 November 2008 at 12:32

Alternate Director

Dear All

If the AOA of a company fixes the maximum no.of directors as 12, the Alternate Directors will not be considered wo count the 12. So, Is it required to show the names of alternate directors in the Annual Return?
Plz clarify.
Thank you


BINAYAK
26 November 2008 at 12:12

regarding ITR

hi

one of my client got the notice from ITO for filing the original TDS Certificates for the assessment year 2007-08. In this case, we have claimed half of the amount of TDS (U\s 194 J) from one party on AY 2006-2007 and we are claiming half of the amount on AY 2007-2008 (the amount being received on two instalments on different AY). However, we got the certificate of the whole amount of professional fees on AY 2006-07 and had submitted the orginal copy of certificate along with the ITR of AY 2006-07. Now we cannot furnish the original tds certificate. so now how can we claim the half of the amount of tds which haven't been claimed earlier?


ashish
26 November 2008 at 12:03

Service tax on Participant fees,

We r in tv serial production, I have the quarry that,
Should we need to gross up the amount paid to participant as participant fees by ST,
And other thing is that TDS rate applicable is 2.06 or 10.3, means as per contract or professional fees,(Participant is not using any professional skill for such service, its like reality show,)
Pls help me out


BINAYAK
26 November 2008 at 12:01

interest on delay deposition of TDS

hi

I have deposited my TDS for the month of October on 10th of November 2008. but i haven't deposited the interest for the delay in deposition. so am i liable to pay interest on amount of interest that was defaulted?????


seema singla
26 November 2008 at 11:45

depriciation

Ours is a petrol pump owned by a HUF. It is sold on 30-09-2008. Our profits / losses will be considered for the period 1-4-2008 to 30-9-2008. My query is regarding depriciation to be charged on the fixed assets with us. It is to be charged for the full year or for half year.else for half year in the books of petrol pump and for another half year in the books of HUF as the same HUF is running another business too.
Please ans.
It is urgent
Thanks a lot


KAMAL SETHI
26 November 2008 at 11:34

Actuarial Valuation

Ours is a new Pvt. Ltd. company with a capital of 40Lac. Is it mandatory for us to have actuarial valuation? What all kind of actuarial valudation is needed for us apart from Leave Encashment , Gratuity etc.?






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