our client is located in a special economic zone, as per changes in mat, sez companies should have to pay tax on entire book profit @ 10% without allowing for deduction for income under section 10A

Whether it is right? please explain about new changes & applicability of mat in special economic zone

If the company going to continue its operation in future,follow going concern concept.if going concern concept not followed ?

Sir,

Kindly tell me about case law refrences where perssonnel summon/show cause notice can not be issued by the excise departement where company is taking full liability and giving proper reply of Show cause notice and summon.

Since I am a Manager in a limited comapny and Some time SCN and Summon is issued by the excise deptt for giving statement u/s 14 and SCN is issued in favour of the company as well as on the employee(in the perssonnel name).In this case I want to know whether perssonnel liabilty is arises under any Law. Pl. also tell me the that when company is giving proper reply of summon and Show Cauuse notice and taking full liabilty than perssonal summon may be dropped by the department or can not be issued in the perssonnle name of the employee .
Kindly tell me case law reference for my knowledge pl.

Thanks and regards.

Manish Jain

mjain@lc.jkmail.com
manish_ambika@yahoo.co.in
manishambika97@gmail.com

Sir,

Kindly tell me about case law refrences where perssonnel summon/show cause notice can not be issued by the excise departement where company is taking full liability and giving proper reply of Show cause notice and summon.

Since I am a Manager in a limited comapny and Some time SCN and Summon is issued by the excise deptt for giving statement u/s 14 and SCN is issued in favour of the company as well as on the employee(in the perssonnel name).In this case I want to know whether perssonnel liabilty is arises under any Law. Pl. also tell me the that when company is giving proper reply of summon and Show Cauuse notice and taking full liabilty than perssonal summon may be dropped by the department or can not be issued in the perssonnle name of the employee .
Kindly tell me case law reference for my knowledge pl.

Thanks and regards.

Manish Jain

mjain@lc.jkmail.com
manish_ambika@yahoo.co.in
manishambika97@gmail.com

there are three stages
1.inventory stage.
2.stores department.
3.billing stage.
in first stage what is the entry they will pass when they are purchasing plant& machinery from a supplier who is in andhra pradesh .i required the second and third entry also.if suppose VAT is applicable to the stages and what the entry will be there.
in a company why they want to make a dummy account ?
what are the reasons to maintain a dummy account ?
Is the VAT which is charged paid by the receiver or by the provider?
please give me a detail reasons for the above which i have specified............

How will u Vouch the Profit & Loss items like salary,rent,electricity,etc.,please help me.it is very urgent

Hi, does the term insurance plan of LIC qualify for 80C deduction

Regards
Subbaiya

Can anybody tell me the name & website of Biggest & the smallest CA firm in India.....

sir

1. Our client had begin to provide service to a Developer of SEZ before getting the approval of Board of Approval. During our service providng period the developer got the approval.

2. Department disallowed the claim of exemption under notification No.4/2004 on the ground that the developer has no approval at the time of rendering the service.

Pls clarify the issue. Is the department view is true?

The assessee is a limited company and incurred huge foreign exchange loss on purchase of raw materials in the year 2002-03.Is it required the above loss to be considered for valuation of the raw material for calculation of proft/loss under income tax act 1961.Kindly give emphasis on Judicial case law under income tax act.