dear sirs,
i want to know whether FBT will applicable to the expenditures which are capitalised during the year. i mean like Staff welfare ,if the head is capitalised weather for the expenses FBT will be applicable.
Sujit

Please provide me with the website link where I can key in the PAN number alloted and confirm the name of the person to whom the PAN card is alloted.

I have a rediffmail account.


I sometimes receive mails in my INBOX . Sometimes it goes to JUNK MAIL BOX.


I would like to know in what circumstance the mail sent to me goes to JUNK MAIL BOX .


I frequently check my mails and I am sure the mails that goes to junk mail box are NOT the mails which have not been opened by me for a long time.


Thanks.

can a huf be formed in the name of minor whereby the gurdian can sign as karta

hello everybody...
i would like to know the impact of deferred tax on the calculation of the net worth.

How to disclose in Financial statment Loan taken form Directors in Private Limited Company?
Whether any Diclaration is to be taken form Director?

I am purchasing something goods from Party A and paying by credit card. And after some time pay the credit card Bill.
The entry will be

Purchases : purchase Ac dr
credit card ac

Payment Credit card ac dr
to bank ac

Is the above entry correct?
If yes then what about the Party A ? whether we have to pass any entry relating to Party A. If yes then what ?

If a House property is available for letting out for 10 months then shall the expected reasonable rent be reduced proportionately to compare with the actual rent received or receivable to arrive at Gross Annual Value?

A large manufacturing company (A) buys nitrogen from a third party (B) and uses that nitrogen for its manufacturing purposes. ‘A’ has a captive power plant and uses Naphtha for generation of power which is used by ‘A’ for its own manufacturing purposes. Now, ‘A’ supplies a portion of this power free of cost to ‘B’ who uses this power for making Nitrogen which is sold by ‘B’ to ‘A’. Now, since A supplies this power to 'B' free of cost , B's selling price of Nitrogen to A also does not include any cost on account of power.

Now, the issue is whether A is at all required to reverse proportionate cenvat credits on Naphtha which is used for generating power that is supplied to B for making nitrogen. If there any precedences (legal decisions) resembling similar situations, please state that also. A & B are independent parties and operate at arm's length basis.

Hi Nilesh Damji,

can be set off VAT paid on centralised purchasing with VAT payable on sales by various sales depot in various state?

We have a head office at DELHI and all purchase i.e. raw material and packing material through head office and transfer to manufacturing unit in other state and thereafter finished good t/fd to sales depot in other states.

Vat paid on such purchases can be set off against vat payable on sales by such sales depot in various states.