I have got intimation u/s 143(1)a. There is mismatch. can i file rectification online. What supporting documents is required to attached with.I am a government employee. There is no need of deposit a amount.

Is depreciation a reserve? Can we treat it as cash & cash equivalent for any company or firm? Because it is added in operating activities in cash flow statement.& Ultimate leads to increase in cash inflow? Please couldsomeone guide me regarding this matter?

Revati Industries has a factory at Lonavala and two branches at Vapi and Silvasa. The goods are produced at a cost of 170 per unit. The transport cost to Vapi is 35 per unit and to Silvasa are 30 per unit.
Profit @20% on cost is added.
During March 2015, quantity manufactured was 25000 units. Out of this 7500 units were sent to Vapi and 6500 units were sent to Silvasa.
The sales during month were:-
a) Lonavala 9000 units to Local customer
Lonavala 2000 units to overseas buyer
b) Vapi 6500 units to local customers
c) silvasa 5500 units were captively consumed. Calculate excise duty payable @12.36%.

I am Govt Employee with to complete CWA. But I unable to approve leave for Articleship. (ie. training at Cost Accountant) without articleship How I complete my CWA as a Govt Employee ?

What about Medium and Small Manufacturers i.e MSME who are not under Central Excise now. How will GST effect them.
do they need to sell products at higher taxation.

I am working in a Pvt. Co. of Saudi Arabia as a salaried person.
Which ITR i have to file & what Tax Slabs & exemption will apply while filing ITR

Dear Experts

During Diwali if Samsung company offers a free music system with a 4K television, then will it be considered a composite supply or mixed supply or none.

And how are u going to tax music system as in GST consideration is not required to tax it if it is covered under schedule 1.
will free supply of music system covered under serial no.2 of schedule 1?

another example is that earphones come natural supplied with mobile so it is composite supply but what if the Samsung company offer headphones with mobile which no other mobile manufacturer is supplying?

regards
shivani

Sir,

Please give expert opinion about the effects or applicabality due to amendment ( 2015) in section 269 SS of the I. Tax Act regarding sales consideration of immoveable property. However, it is crystal clear that it prohibts the acceptance of cash advance in property dealings . My question is whether it is applicable for the SALES CONSIDERATION passed at the time of final deal or execution of sale deed of immoveable property.

However , some of the professionals are in the opinion that it is also applicable upon the sales consideration due to the word "otherwise" subsituted alongwith advance in the amended section 269 SS, but in the budget speach of 2015, the F.M Mr Arun Jaitley clearly stated that he is proposing amendment in section 269 SS only to stop advances in cash in property dealings and he didn't mention regarding sales consideration.

What I understand that word " otherwise" was subsituted just for advance amount received in cash by any other name like Security Money, Earnest Money or Biana just for the proper implementation of section 269 SS , not for prohibition of Sales Consideration of immoveable assets recieved in cash at the time of transfer of property .

Expert opinion is required in this query and I think clarification from CBDT is also very much required .

A payment made to an insurance broker by an insurance company in SEZ , without deducting tds. The reason TDS was not deducted under section 195H by the insurance company is that the broker is exempt from paying income tax as it is situated in SEZ. Is it valid or the broker should get the"nil deduction certificate" from department so that tax is not deducted at the source ?

When shall we use average capital employed in valuation of Goodwill by super profit method?
There are some questions in practice manual solved by calculating average capital employed while some are solved using closing capital employed.