Please tell me From which year's Qtr wise C form Recd was started and from which year,s month wise C form recd was Started. I m Waiting for ur reply

Hi,

I wanted know whether a person already registered under service tax, should obtain a separate registration under excise if wants to avail excise duty paid by him on goods purchased (for proving output service) as input credit, to utlize the same towards his service tax liability.

A private company has no business activity during the entire year ending 31-03-2008 and it proposes to file a petition for winding up u/s 560 of the Companies act, 1956. As such, it has no profit & loss account for the year. In balance sheet, liability side is represented by paid up share capital and in the asset side, there is an equal amount of profit & loss account balance (Loss). there are no other liabilities or assets.
As an auditor of the company, how to draft the audit report? Whether reporting is still to be done covering all aspects referred in section 227(2) and 227(3). Is there any guidance available in the literatures published by ICAI. If so, please furnis the same.

My earlier company has been amalgamated with some other company and we have surrendered the Central Excise Registration to the department in the month of Sep-08 and on the 1St Oct’08 we got registered the company in the new name with new ECC number.

Further, there were some material in transit at the time of amalgamation process billed in the name of my earlier company form the suppliers.

My Query is –
1.If we receive the material in the month of Oct-08, can we take the Excise duty credit paid on the said material ?. If we can not take then what is the procedure to handle this issue, how do we satisfy to our suppliers ?.

2.As per the normal practice we take the duty credit on our own invoice (because our dealers and stockiest are not registered with Central Excise department, so they can not raise excise invoice for the sales return) accompanying with the Sales Return material.
3.Now, the company name has been changed with new ECC number, whatever SRN ( Sales return) we receive, it would be in the name of the earlier co (from which already billed). In this condition can we take the duty credit on SRN (Sales return ) or not ?.

Pls clarify

Hi Friends
If propriety firm subject to Tax Audit U/s 44AB makes payment only on account through out the year to contractor & takes a single final bill for throughout the year on 31-3 of the respective year & Deducts tax (TDS 194C) for that single bill.
Whether it would be worthwhile of avoiding monthly payment of TDS.

Hi Friends
If propriety firm subject to Tax Audit U/s 44AB Borrowed Rs.1000000/- in cash from a Doctor X [Showed Advance in his books]. The said borrowing would attract sec 269SS. In order to avoid it can I show the borrowings as an additions to capital A/c ? without showing the balance in Balance sheet and at the time of payment whether by cash/cheque can I show as drawings?

Hi Friends
How a HUF is formed? Whether it requires compulsory ancestral property only? Or by taking Gift
Whether HUF can be formed otherwise than by above two cases suppose if Assessee has only 2 children’s one boy & girl what be the procedure?

Dear All,

I have to make a payment but I don't want to deduct the TDS. Pls tell me in which circumstances TDS is exempted. (Except that Loan and Advance,Capital Transaction, Purchase payment)
He would be NRI consultants, NRI Staff, or Indian staff/consultants

thanks

rahul

We have bought machines from one company in USA, regarding payment they requested that amount should be sent to Parent company on behalf of sister company (seller company) working under parent company.

They have referred to such arrangement as accepted commercial practice in the field.

I wish to know how far such commercial practice is recognized and whether it will also holds good in international arena ?

Plz guide and support

Can u plz tell me wat would b her status (Promoter/Prof/Independent) if she is appointed as a Director in d Company in which his Husband is a Promoter n a Direcor?
How to differenciate between Executive and Non Exe Director?