The reference to the circular with respect to issue of "C" forms for purchases of materials which are directly used for processing and the purchases which are not directly connected with the processing of the goods in question involved in execution of works contract shall not be entitled for issue of "C" forms.

Are consumable such as bearing, spares, accessories, hardware, paints, chemicals, diesel considered as directly used for processing?

In case of purchase of capital goods such as plant and machinery can "C" form be issued?

Dear All,
I have not received form-16 from my previous employer and currently that employer not in a position to issue me Form-16.
Shall i claim that TDS in my return without attching form-16?


Please suggest me what will my steps to slove this matter.

The ITO issues a notice u/s143(2) of the ITA for AY 2006-07 on 25/07/2007. The ITR was filed by assessee on 15/07/2006. thereafter the file of the assessee was shifted to another ward by dept. due to some internal changes in dept. the ITo of new ward issues a new notice in march 2008 without any reference of previous notice. IS this New notice valid or will it be considered time barred?

We are hiring vehicle for our office from travel agencies on monthly basis. Generally, we deduct Tax from the gross bill u/s 194 I. But, very recently we have got instruction to deduct tax for the same @2.266%, i.e TDS u/s 194C. So, please tell me whether tax for vehicle hiring to be deducted u/s 194I or 194C.

hi

can any one give me details of coaching center in chennai or in hyderabad

thanks

i want to know the FULL answer with AS3 THERE ARE CASH FLOW GENERATED BY SUN LTD AND SURYA LTD BELONGING TO SAME INDUSTRY FOR F.Y 05-06
sun ltd surya ltd
Opening Bal. 27000 10000
cash flow form
operative activeites 7500 30000
cash flow from invest-
ing activites 30000 3000

cash flow form fina-
ancing activites 30000 2000

closing bal. 94500 45000
sun ltd claim that its cash generating ablility is better than that of surya ltd do you agree. comment on cash generating ability of both co.pls send the answer in my id jagdish.sharma22505@gmail.com

dear sir/ madam
i cleared my CA enterance ie CPT in first attempt held in august,2008. After clearing CPT i registered my self for PCC and currently working under a CA as an articled assistant. I am doing my articleship along with bcom. my querry is that is it possible for me to give PCC exam after my graduation ie in 2010 becoz i dont want to give it in May 2009 (actual attempt if i go by procedure) as it will be clashing with TYbcom .......
i m really very confused..wiil it be creating any problem.... please guide...
i shall be highly oblighed

Dear Sir,

Our Company is in Manufacturing of Dies and Punches and as well as do Trading of Machinery and we get commission for the same in Forex and also we get service income on AMC of Machinery in india Our Books of Accounts are maintained Division wise I.E. Manufacturing Div and Trading Div My query is

1) Commission which we receive is totally 100% in forex and we dont levy service tax on commission income but we levy service tax on AMC for the Machinery and total earnings which we receive is in indian rupees so can we get input service credit against the output service tax also if the input service tax is more than the output service tax can we take input service distribution credit and raise bill on our manufacturing division

2) How much percentage of Input credit can we avail against out put service if we provide both export and non export service


Regards

Ravi Konda

Sir,

We have make provision of expenses on 31-03-08 after deducting TDS.

The due date for making payment of TDS is 31-05-08. But we forgot to pay pay TDS can we now make payment today?

After making the TDS payment late whether the expenses can be claimed in the F.Y. 07-08?

Also tell me whether it is necessary to deduct TDS while making provision of Audit fees as on 31-03?

Please guide.

i want to know if a hospital can take credit of vat on items (medicines) purchased assuming it is registered and what is the case with regard to machinery purchased for performing operations