We power generation company, power exempted good, hence not taken excise registration.

we are selling scrap generated during fabrication and erection of power plant.

Is it excisable, liable to pay excise duty?

I know, that we have to pay excise duty on scrap sales in mfg. company. But here...

Please clarify sir...

N & P enters into partnership on 1/1/02 without agreement .N died on 31/9/02
Amt from cash sales deposited into bank after retains sum as follows
business exp:rs 50- pr week
personal exp -N 5000.P-6000

Paid into bank
capital N 25000.P 20000
Collection from credit customer 27734
balance of cash sale 35000.

Payment from bank
to suppler 45540
free hold permis 32000
furniture (1/7/02) 8000
s exp 2000


Additional info:-
GP-20% during year
cash discount allowed 2% and received 1%
goods return to suppler 1000 and by customer 900
bad debt written off 800
on 31/12/02 36000 owing to suppler nd 5500 due from customer

On tht day agreement b/w P nd Ns executive is :
a. Trading result aftr desperation on Furniture 10%pa should be presumed have been earned evenly for whole year
b. No provision for discount
c . Goodwill ignored
d. as from 30.9.02 a interest of 10%pa in lieu of profit is to be allowed t Ns executive on amount due to him ..
Prepare trading nd P&L and balance sheet 31/12/02

Can a foreign person (not an Indian citizen or Indian origin ) invest in an immovable property in India(other than for real estate business ) ,please explain according to FEMA with clear sections?

Dear Experts,
How can we get eTDS returns FVU file for last 2 years.

Thanks,
Nagaraju.

contribution to unrecognized provident fund is disallowed while compuitng business income.


But if the fund gets recognized with retrospective effect, will the previously disallowed contribution be allowed subsequently????????
please answer asap

do anyone have paridhi sinhas last day revision notes for ca final law and audit.
pls provide....
thanks

from where can i get duplicate marksheet? some say i have to send DD to DELHI while some say to NOIDA.Which is the right one?

What is a definition of words "Contract" & "Professional Services" in light of provisions relating to TDS under Income Tax Act,1961.

How to draw difference between "Contract" & "Professional Services" when a services rendered by person can be prima facie covered under "contract" & "professional services" both.

WHETHER THE TRUST IS LIABLE FOR RECEIVING THE SERVICE OF TRANSPORT OF GOODS BY ROAD.

I AM CONFUSED IF TRUST IS PURCHASING THE BUILDING MATERIALS FROM BUILDING MATERIAL SUPPLIER WHICH ISSUE INVOICE SEPARATELY FOR THE VALUE OF GOODS AND ANOTHER IS FOR LABOUR AS WELL AS FOR TRANSPORT OF GOODS SO WHETHER TRUST IS REQUIRED TO PAY SERVICE TAX FOR THE SECOND INVOICE IN WHICH OPPOSITE PARTY TRANSPORTER OF GOODS.

Our Corporate Cient generally Sales tax, Service tax, Duties etc are routed through Balance Sheet. But AO wants to disallow certain Taxes which were beyond the stipulated date. Myself objected to saying that Sec43B has no application as the taxes etc are routed through Balance sheet. But AO wants to have Sec145A workings to find out taxes impact on Profit and Loss. Is it correct.