TCS is applicable on scrap generated through manufacturing activities. If a trader purchases scrap from Manufacturer/ Trader and sales the scrap to another traders or manufacturer, Whether TCS is applicable ? (as he is not the manufacturer of scrap)

One dealer is setting up a new unit at different place and it will only job-work at that unit ( Raw material will be provided by customer and client will use consumable and its machinery for production). Customer is situated in Maharashtra and it is an EOU. Machinery required for unit II is Imported Machinery. Now we have folloing alternatives:-
a) Get Registered as EOU: We will sale the goods to another EOU and that party will do the export. (Benefits - duty free import of machinery)

b) Apply for EPCG : (Benifits - import of machinery at concessional rate of 3%)

c)Just take regular Excise registration and not to avail any benefits [Drawbacks : We have to pay customs duty (basic & CVD) ]

Sir, please guide about the appropriate alternative that the we should take.

1) Dealer is a Pvt.Ltd. Co. engaged in producing automobile parts (both with material & on job-work basis). It sales major part of production to a EOU without levying CENVAT duty. And therefore it has CENVAT Credit balance of around Rs.12lakhs which is untilised since 2 years. And because of this fact now they are not taking credits of new machines purchased as they can at least claim depreciation on the duty for Income Tax purpose.

Whether we can claim this balance credit as refund and what procedure we should follow?

In case where property is aquired by the inheritance then benfit of indexation will be available :

1. From the year in which present assessee aquired the property or
2. From the year when assests was actually purchased.

For e.g.

Year in which actual puchased : 1985
Year in which assets transferred to present owner : 2004

So we will take indexation for the year 1985 or 2004.

Please clarify the same.....

I have done MBA(Finance) from IGNOU (Correspondence) last year. I feel my career is being stagnated and moving no where. I seek expert's valuable advice towards following:
1. How will you rate market value of MBA(finance) through IGNOU ?
2. What other courses can I pursue to improve my career prospect through correspondence only ? I am 30 yrs. old and working as account professional.

Thanks

WHAT IS CONTRACT? (I AM TALKING ABT CONTRACT ON TDS)

WHAT IS FINANCE CHARGES ?

We at our bank levy prepayment charges on our customers for early repayment of loans.
Are the prepayment charges( charge by all banks) are also liable to service tax?
pls confirm it with support of notification if any in this regard by CBEC or any other authorities.
and are we right in charging the customers with service tax as we treat it as service.
Urgent reply pls.

WHAT IS THE SHIPMENT POLICY?

The company has securitied its accounts receivable and it has submitted the invoices raised by it to the Bank. ON that basis the Bank has advanced 85% of the invoice value under securitasation arrangement.

In the financial accounts to be drawn, can we represent only 15% of the debtors as collectable and the 85% be represented in the Notes forming part of balance sheet.

Is there any guidence note on this treatement.

Please help

Regards
Venkat