When I search in Query lists for my problem I found one answer of an Expert :

Mr. Sanjeev Kumar Varshney
Posted On : 8/16/2007 1:31:57 AM

"The limit of Rs 1500/- is applicable for full truck load means truck / vehicle carrying only your goods. If each truck carry separate GR below Rs 1500/- then no Service Tax liability on you."

But
as per "Notification No. 34/2004 - Service Tax
1.
(i) the gross amount charged on consignments transported in a goods carriage does not exceed rupees one thousand five hundred; or

(ii) the gross amount charged on an individual consignment transported in a goods carriage does not exceed rupees seven hundred fifty

2. This notification shall come into force on the first day of January, 2005."

can anyone clear my Confusion, especially Mr. Sanjeev Kumar Varshney if possible.

Thankig You
Manoj

Pls help on the below doubt:


As on 31st march Company has spend an huge amount to obtain an contract but there is possibility in getting the contract is 50-50 so as on 31st march where should we book the expenses -- either as expense or asset.
If so which accounting standard we should follow?

Thanks

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The definition of the expression “Management Consultancy and other Services” by ICAI includes "Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc".

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Section 80-C permits the deduction for the payment of the amount (including the repayment of the principal component in the Housing loan from the specified persons) towards the purchase/construction of the House property.
The query is whether this deduction for the repayment towards the principal amount is available even if the possession of the property is not obtained during the Previous year?
Unlike for the deduction of the interest on the housing loan u/s 24 of the Income Tax Act which allows deduction in two parts (pre-construction and post construction) means the date of possession is relevant.

Thanks.

Hemendra

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Please help?