Hello
We are a company based in Pune, Maharashtra

We buy softwares from foreign country and resale it in India.

I like to know on how much turnover it Excise duty applicable and how much is the rate of excise duty

I also like to know, If we design our own software and sell it, what will be the rate of excise and at what amount of turnover.

Thanks and regards
Brijesh

A pvt. ltd construction co. constructs a building in 3 years. In the Ist year it raised a bill and got the payment after deducting TDS by the concerned party. In the IInd year most of the building i.e. 99% is complete. But due to some problems, the concerned party did not make any payment. So the bill was also not raised by us. Now my query is that whether the construction co. is liable to tax audit. Its WIP is Rs. 1.30 crores and some misc income is Rs. 15000/-. No other credit entries are there.
I want to know whether WIP or cost of goods sold is considered for Tax audit or only the turnover is looked into.
Further in one another case, If O/Stock is Rs.15 lacs, purchases Rs.65 lacs, sales Rs.25 lacs and C/Stock Rs.55 lacs, Then the case is liable for tax audit or not.
Plz ans.
Thanx a lot.

We are based in Maharashtra

I like to know what is the VAT and CST structure for the follwoing case

1- I buy a software, and sell it in Maharashta

2- I buy a software, and sell it out side Maharashta against form C

3 -I buy a software, and sell it out side Maharashta without form C.

Thanks
Brijesh

if director holding shares died, can his shares transfer to his wife who is already holding shares in same company & working as director without filing transfer form? is there is need to fill the form 7B for transfer of shares?
Is section109B attracts such transmission of shares, if it is transmission of shares is there need to file form 7B?

Transportation Problem:

From the details provided to you below, you are required to solve the given transportation problem.

Factory
To Market
M1 M2 M3 M4 Supply
P1 1 2 1 4 30
P2 3 3 2 1 50
P3 4 2 5 9 20
Demand 20 40 30 10 100

please mail your answers to psrinivas1@in.com

suppose that 4 kgs of material A are required to make one unit of product TS, each kilogram costing Rs.10. It takes direct labour 5 hours to make one unit of product TS. The labour force is paid Rs.4.50 per hour.

During the period the following results were recorded.
Material A: 8,200 kgs purchased on credit* Rs.95000
Material A: kgs issued to production* 8200 kgs
Units of product TS produced* 1600
Direct labour hours worked* 10000
Cost of direct labour* Rs.32000

Required:
(a) Calculate the following variances for the period.
· Material price variance
· Material usage variance
· Labour rate variance
· Labour efficiency variance
(b) Prepare journal entries for the transactions marked * above, together with the variances calculated in (a).

You should make the following assumptions
· An integrated accounting system is maintained
· There are no opening or closing stocks of work in progress.
Please mail the solution to psrinivas1 @ in.com

1.when a tax audit is necessary for a public and private ltd.co.whether it on turnover basis or what kindly answer this.

2.when a compliance certificate need to file in ROC with an authorised capital of Rs............... and complusory for appointment of permanent CS in office is needed

Kindly explain the difference between director and additional director ?
While filling Form 32, new director will be independant or any others ?

PLEASE GIVE ME THE CASE LAWS ON BAD DEBTS WRITTEN OFF

please help me from where i can get ITR 287 page no.62 please its urgent