The employee is reimbursed his residential telephone bill by his company. The telephone is a broadband connection.

Whether the company is liable for FBT?

Hello every one.... I am an articled student having cleared PE 2 in November 2006 and got registered to Final Course (OLD) on 22nd january2007. Now I have learnt that I can Switch over to CA final New Course. I would like to know whether its advisable to do so or continue under old course.....

guide me about bank audit what to see???

has anyone heard about tayal classes in goregaon mumbai.

1. We are manufacturer of Ice-Cream with Brand Name “Cream-Bell”.
2. The Business Trade Mark is registered with “UNIVERSAL DAIRY PRODUCTS PVT. LTD.” (UDPPL);
3. UDPPL has a Factory at Agra (Uttar Pradesh) and registered office at Delhi.
4. We have another company namely DEVYANI FOOD INDUSTRIES PVT. LTD. (DFIPL);
5. DFIPL is also doing Ice Cream Business with Brand Name “Cream Bell”.
6. DFIPL has a Factory at Baddi (Himachal Pradesh), Sales Depot in Agra (UP) and registered office at Delhi.
7. We have shut down our Agra Factory of UDPPL;
8. Now our business is running from Baddi Factory;
9. We wish to Sell trade Mark from UDPPL to DFIPL on or before 31.3.07.

So, please give your opinion with example on the followings:

1. If we sale Trade Mark to DFIPL, will it attract Sales Tax / Vat?
2. Should we make sale from UP or Delhi?
3. In case Sales Tax / Vat is payable then UDPPL will like to sale Trade Mark in Delhi to DFIPL Delhi and DFIPL will set off vat input tax (paid on purchase of Trade Mark) with vat output tax against sale of ice cream in Delhi? Can we do this?

Thanks,
Anuj Garg

1. We are manufacturer of Ice-Cream with Brand Name “Cream-Bell”.
2. The Business Trade Mark is registered with “UNIVERSAL DAIRY PRODUCTS PVT. LTD.” (UDPPL);
3. UDPPL has a Factory at Agra (Uttar Pradesh) and registered office at Delhi.
4. We have another company namely DEVYANI FOOD INDUSTRIES PVT. LTD. (DFIPL);
5. DFIPL is also doing Ice Cream Business with Brand Name “Cream Bell”.
6. DFIPL has a Factory at Baddi (Himachal Pradesh), Sales Depot in Agra (UP) and registered office at Delhi.
7. We have shut down our Agra Factory of UDPPL;
8. Now our business is running from Baddi Factory;
9. We wish to Sell trade Mark from UDPPL to DFIPL on or before 31.3.07.

So, please give your opinion with example on the followings:

1. If we sale Trade Mark to DFIPL, will it attract Sales Tax / Vat?
2. Should we make sale from UP or Delhi?
3. In case Sales Tax / Vat is payable then UDPPL will like to sale Trade Mark in Delhi to DFIPL Delhi and DFIPL will set off vat input tax (paid on purchase of Trade Mark) with vat output tax against sale of ice cream in Delhi? Can we do this?

Thanks,
Anuj Garg

Sir
Is Interest on Personal Loan Disallowed under Income Tax Act, If yes give section refrence

A property is sold for which Sub Registrar value adopted for stamp duty is morethan actual sale consideration.. What is the amount need to be considered for computing capital gains... Sub registrar value or actual sale consideration... please reply me this quickly

dear friends,
pls. clarify me concept of part time cop.
What is the implication of having a partner with a part time cop.
regards
ca sanjay chaudhary

A company has received export benefits under Duty Exemption Pass Book Scheme (DEPB) against export made by it .The co. is following the policy of recognising it as and when DEPB credit is received by the company.whether it is right?or it is against the accrual principle,acc.to which export benefits should be recognised as soon as export is made by the company rather than when credit is received by the co.please clarify the same on the basis of relevant AS,guidance note etc.