Ravi Kumar Rajgaria
14 April 2008 at 14:27

Form 16 / Form 16A

If no TDS is deducted from the salary then can an employee ask from the employer for a "NIL" Form 16?


Hari Venkata Ramana

I doubt whether Central Exicse duty is applicable on Ready Mix Concrete. To my knowledge there is a distinction between "Concrete Mix" and " Ready Mix Concrete. I know that concrete mix is a product manufactured under conventional method of concrete production with ISI standard 456-1978 which is produced and used at the site of construction. It is this concrete Mixture manufactured at the site of construction which is fully exempt according to notification No. 4/97 issued on 1.3.97 vide Sl.No. 51.


While Ready Mix Concrete is a product having separate tariff rate with 3824.20 under ISI's IS. 4926-1976. Ready Mix Concrete is a concrete delivered at site or into the Purchaser's vehicle in a plastic condition (unlike concrete mix which is manufactured at the site of construction and used immediately at site itself) and requiring no further treatment before being placed in the position in which it is to stay and harden. Hence it attracts duty @ 13% up to October 97 and at 8% from October 97 under heading 3824.20.

I believe it is still taxable at 8% unless it is exempted with subsequent notification which I could not get it. My assessing authority is ready to levy tax at 13% under old rate which I opposed and furnished notification no. 65/97-CE, dated 21.10.97 where duty on Ready Mix Concrete is to be taxed at 8% only.

If u could confirm that it is fully exempted kindly provide me notification copy or citation to submit the same to assessing authority.

I believe that Notification No. 4/97 dated 1.3.97 only speaks about exemption to "concrete Mix" but not " Ready Mix Concrete" If this is also exempted Kindly Advise me at the earliest so that I will be very comfortable before assessing authority.

Regards,


Hari Venkata Ramana
14 April 2008 at 14:07

Fringe Benefit Tax

I refer to the information given by sheetal Metha of india budget 2008-09.

I believe Earlier FBT is payable on quarterly basis based on the actual expenditure incurred in that particular quarter. The due date for payment of at this stage is 15th of the subsequent month for which that particular quarter ends.

Now FBT is also payable as Advance Tax based on the estimated expenditure figures where due dates of payment is similar to that of Advance Tax payment of Income Tax.

I hope some body will correct me if I am worng.

Regards,


CA Praveen Chopra
14 April 2008 at 13:31

Preservation of books of account

For how much period,books of accounts are to be preserved under income tax act


CA.DHEERAJ
14 April 2008 at 12:48

mics notes

any recommanded books which is exam oriented for mics final year.
which explain through charts, point wise presentation.
i have considered dinesh madan mics good one.any other book or notes.

and from where i will get it


study material contain very irrelevent portions also.


yogesh bhanushali
14 April 2008 at 12:30

Vat tax in u.p.

My client has started Hotel ( Restaurant along with Lodging facility in the state of U.P.).I want to know that whther,
1) VAT Tax is applicable for such Business in U.P.? and
2) as well as Lodging Charges / Luxury Tax is applicable to my clint or not?


sachin saxena
14 April 2008 at 11:57

Taking transfer from a monster ca

I have been going through an articleship training since jan 2007 under this monster ca and ny office timing is 10 am to 10 pm. how do i get out from this situation? I also get threatens for back date transfers if i ask for one.
If i get a back date transfer from which date max. can he give me transfer?


sachin saxena
14 April 2008 at 11:55

Taking transfer from a monster ca

I have been going through an articleship training since jan 2007 under this monster ca and ny office timing is 10 am to 10 pm. how do i get out from this situation? I also get threatens for back date transfers if i ask for one.


sachin saxena

I am pursuing articleship since jan 2007 and i would like to know how much leaves can i avail durin my articleship from period jan 2007- dec 2008


Krushnal Khiraiya
14 April 2008 at 11:36

FRINGE BENEFIT TAX

Whether there is any change in advance payment of Fringe Benefit Tax?






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