Respected sir/mam,
In case of warranty of fourwheeler,when amount is recovered from manufacturer instead of customer,then while doing entry in acoounts at the time of service
would vat would be charegeble if manufacturer is situated outside state
& customer is within state

Whether depreciation on motor car is deemed fringe benefit?
If yes, hou can we calculate value of fringe benefit? As per Income Tax Act, depreciation of all fixed assets is to be calulated in block method. And, under block method, we cannot find the depreciation of motor car seperately.
Please, any one, give me an answer for this !

Whether depreciation on motor car is deemed fringe benefit?
If yes, hou can we calculate value of fringe benefit? As per Income Tax Act, depreciation of all fixed assets is to be calulated in block method. And, under block method, we cannot find the depreciation of motor car seperately.
Please, any one, give me an answer for this !

Husband's(H) gross income is much higher than wife's gross income. Wife(W) gives her professionally earned money to Husband (H). H opens FD with bank & invests remaining part of that money in stock markets on his name. Bank deducted TDS with H PAN and all transancation done in stock market are with H PAN.

Does the income from FD and stock market investments belongs to W for income tax purpose? Please note that H's individual gross income is higher than W's individual gross income.

I HAVE A DOUBT ON TREATMENT OF ACCCOUNTS. THIS IS IN VIEW OF THE NEW CONCEPT OF SERVICE TAX COLLECTION (COMPANIES ARE ACTING AS COLLECTING AGENTS). WHEN I COME ACROSS THE ACCOUNTS OF CO. THIR OUTPUT BILL (112360) OF WHICH I LAHK IS TREATED AS THEIR INCOME, BALANCE (12360) AS THEIR LIABILITY TOWARDS ST.HENCE THEIR TURNOVER/INCOME DOEST NOT REFLECT THE GROSS BILLING. AS AND WHEN THEY ARE CLAIMING INPUT TAX CLAIM ( FOR EXAMPLE TEL. BILLS RS.1123) TELEPHONE CHARGES ARE ACCOUNTED FOR RS.1000 ONLY AND RS. 123 ARE ACCOUNTED IN INPUT TAX CLAIM ACCOUNT. IS IT THE RIGHT
APPROACH.

I am an individual and I have a vehicle - Hyundai Santro purchased in 2002. At present there are no liabilities on the car.[ In the sense no loan outstanding ]. I wanted to know whether there will be sales tax implicable on me if i sell my car now and which all kind of tax implications will apply to me.

Q.5) As per Rule 11 of CCR,2004 (inserted in FA,2007) Reversal of credit taken on inputs, which
are still lying in the stock, or in process or in final product lying in the stock, when final product
becomes exempt from duty subsequently.,, The amount remained in cenvat credit a/c. after reversing
the said amount shall lapse? IS this True.??

Whether a Three star Classified Hotel is liable to pay service tax on Rent for property used for Hotel purpose.

Q.1) A 100 % EOU has to mandatory file monthly return even if they donot have DTA Clearances?
and what is the provision for other assesses? Do they need to file mandatory monthly/Qtrly
return if they donot have any clearances?

The IT Act provides for 60% depreciation on computers, but the word computer has not been defined. My question is, whether computer accessaries, like printers/scanner/UPS etc. should be debited to computer A/c to get benefit of 60% Depn. or it should be classified under Office equipments (eligible for 15% Depn.)
Further, will it make any difference if these items are purchased along with computer or bought ubsequently/separately.