Actually One of our vendor submitted the lower TDS certificate with effect from 06-Jun-2014, my question is for May 2014 services Vendor raised the Invoice on 2nd June 2014 in this case whether lower TDS will attract or as actual.

Hi All, I would like to write the exam for Nov 2014. Can anybody suggest which is the best book for Costing from basic steps to high end problem solved kind. Thanks in advance jaafar

I want to know where we can get updated Tariff rates for all excise product.

I tried Using CBEC website, but the same is not updated with notifications, circulars.

For example, I know Excise duty on LED lights is 6%, however it still appears as 12%.

IS there any web site which provides updated Tariff Rates,

And which is the most easy -to-use yet updated ready reckonor for ascertaining Tariff?

If a manufacturer purchases some duty paid raw material during the year and keeps it in stock only without any processing or manufacturing then in the excise return is it required to state any CENVAT (tax paid on raw material purchase)? In such case NIL return is required or any particulars are required to be stated?

VAT amount paid on the purchase bill dated 25.03.2014 unclaimed by us.Can we claim while filing VAT return for the month of July 2014.

as per revised sheduel 6 to whic account meeting expenses must be debited

A manufacturing unit used Furnace oil for the purpose of heat treatment of the material manufactured (Explosive item. It is a mandatory process under Explosive Rule, without which onward process should not be supposed). Here, Furnace oil burnt in a Furnace machine covered (inside) with Fire bricks and material get heat treatment in the machine. I think in this case, Furnace oil should come under consumable item and not under Power & fuel. Where, we should claim CENVAT and VAT credit on the Furnace oil.
Please help.

Dear Sir/Madam,

Please kindly explain the TDS applicability on a cooperative society as per section 194C (the definition of Specified persons).

With Regards,
Ritu Raj

Sir,
I had registered under the Old course for CS Professional for june 2014 exam but could not appear for the same. I wanted to know whether exam to be held in december 2014 would be on new syllabus only or old syllabus too i.e whether I would need to prepare for the new syllabus instead of old one under which I was registered.
Please help.

Hello sir, Greetings from Arun Shanks, Forwarding the mail from HDFC bank. Please help to understand the notice received. I spoke to the Mumbai Treasury office of the HDFC, they suggested to ask C.A to understand better as they would well aware of this. They want this certificate before 30th June. Please help, regards, Arun Shanks. Statutory Auditors Certificate. Dear sir/Madam, we find from our records that you have entered into Foreign exchange derivative contracts with our bank in FY 2013-14 against underlying exposure viz contracted exposure Extract of FEMA regulations: As per RBI guidelines A.P. (DIR Series) Circular No.32 dated December 28, 2010 issued on Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks. in the case of contracted exposure -AD Category I banks must obtain "Quarterly certificates from the statutory auditors of the users, that the contracts outstanding at any point of time with all AD Category I banks during the quarter did not exceed the value of the underlying exposures" Further, as per RBI guidelines vide A.P. (DIR Series) Circular No.2 dated 04 July 2013, while offering hedging products under the contracted exposure route to their customers may obtain an annual certificate from the statutory auditors to the effect that the contracts outstanding with all AD category I banks at any time during the year did not exceed the value of the underlying exposures at that time.