I m PCC student. I have appered for my first PCC attempt For Nov 2008.I want to know the last date for FINAL registration for appered in Nov 2010.

Whether an Indian seller raise a domestic sale invoice in foreign currency? the sale is between two DTA's operating in India.

It is a case of multinational company with global presence.

Please enlighten on the following issues with regard to disallowance u/s40(a)(1) read with sec 195.

1) Actual reimbursement of insurance charges (settled on cost to cost basis).Debit note raised by parent company on Indian company. Exact amount what was charged by Insurance company was passed on to Indian company, however the amount was settled to Insurance company by its parent company. In this reimbursement no profit element is embedded therein.Now the Indian co has to reimburse the amount to Parent co, will it attract 40(a)(1)because of nondeduction of TDS U/s195.
2) Is there any supportive case laws.

Dear Sir,

1. Fringe benefit tax is a tax on expenditure and not tax on income, then why it is chargeable to tax?
2. what is the actual concept of this taxation?

company tax rate for Assmt year 07-08???????
and specify surchrge limit too

company tax rate for Assmt year 07-08???????
surcharge and cess rate?????additional cess applicable?>>>

Facts:
One of the my clients engaged in the business of renting/hiring the cranes to various companies under an contact & collects the service tax on the same as applicable from the enactment of finance act 2008(i.e. 15.05.08).He has registered himself under service tax on 19/06/2008.

He has imported 6 cranes on 06.05.08 & 5 cranes on 29.05.08 by paying the excise & customs duty.

Querries:
1) Whether he can avail the credit of the duty paid on the cranes imported
a) Before the date of registration &
b) Before the date on which the service tax became applicable to him

2) Service tax paid on the input services
a) Before the date of registration &
b) Before the date on which the service tax became applicable to him

Please reply in detail & as early as possible.

Facts:
One of the my clientis engaged in the business of renting/hiring the cranes to various companies under an contact & collects the service tax on the same as applicable from the enactment of fianance act 2008(ie 15.05.08).He has registered himself under service tax on 19/06/2008.

He has imported 6 cranes on 06.05.08 & 5 cranes on 29.05.08 by paying the excise & customs duty.

1) whether he can avail the credit of the duty paid on the cranes imported
a) before the date of registration &
b) before the the date on which the service tax became applicable to him ?

2) service tax paid on the input services
a) before the date of registration &
b) before the the date on which the service tax became applicable to him ?

Please reply in detail & as early as possible.

Dear Friends,

Kindly Clarify me the tax (mat)payable on the following.

one company has to its credit of P & L the following:

1.Consultancy Charges Received Rs. 2,00,00,000/-

2.Dividend Received 1,00,00,000.

3.Profit On Sale of Asssets 20,95,000

4.Sales 23,00,000

After taking into considerations of all expesnses the Loss is Coming to Rs.93,00,000/-

Inadmissionable expenses amounts to Rs.20,00,000/-

TDS available for the FY 2007-08 is Rs.26,85,000.

kindly tell me the amount of tax payable and refund

There was sales tax defferal scheme in maharashtra. According to that sales tax will be deffered 4 next 10 years. But govt announce tht asseesse can pay sales tax in same year after allowing some discounting factor. So compnay paid st in same year availing discouting factor. so there was a gain to company which is recognised in same year and accordingly taxation is done. but department is of opinion tht this recgnition of income should be defferd for entier period. please comment