can any person submit the IT return for individual or other assesee who is not laible for audit. pls advise me

Assuming that a company has purchased products from local market (Ormay be even imports) for its regular trading..
it has also taken the VAT / CENVAT input credit for these goods...

later it utilises such goods in construction / expansion of its premises.... such goods need to be capitalised, and the company has done so....

now in such situation how is it to take or reverse the VAT INPUT CREDIT. as, we can take only 50% input in current year in case of CAPITAL GOODS,, but it has already taken full 100% input...

also, it doesn't have bar coding system to verify what stocks have been capitalised or used for personal use...(Price of commodities keep changing regularly)

so what should such company do to take proper amount of VAT / CENVAT INPUT CREDIT????

can u please tell me that when the next residential programme is going to be held for the CA Final students,as i am not getting any deails about the same on Icai site..

i have seen many CA, who had become members in more than 1 HUFs,open more than 1 company (though those were on paper)
and presently, CA is becoming memeber of more than 1 HUFs, oppening more than 1 company and in future also they will become member in more than 1 hufs,will oppens more than 1 company.

i also know that in the name of Tax planning they are evading the tax, but don't know how they are managing the transactions from transfering income from one company to showing payment to other for some service / job charges by passing just an book entries.

can anybody have moreidea about this, please reply me

Dear all

we are the manufacturer and we export to american party but our material is rejected by the party (american) now what is the procedure about taxation.

1) when party return the material at that time the import invoice is is received
2) can we take credit on this invoice


Please

Tell me what should i do

I M A STUDENT OF PCC AND NOW I WANT TO CONVERSION INTO IPCC,I FAILED IN PCC 4 TIMES BUT SECURE EXEMPTION IN IT SM WHAT HAT ARE THE PROCEDURES FOR IT

if company declares dividend on 7/09/2010 for the year ending 2009-10...agm date is 29/09/2010. and record date is 22/09/2010 but in between the record date and 31/03/2010,the paid up capital of the company is increased,then company pay the dividend on the paid up capital which is on the record date or on the paid up capital which is on 31/03/2010.....what we consider and whats the reason behind dat....

Dear Sirs,
According to Section 10AA of IT Act, a unit in SEZ can avail exemption from 6th year only if it has transferred an amount equal to exemption claimed i.e 50% of profit.Such reserve can be utilised only to acquire machinery or for the purpose of business until such machinery is acquired.

My doubt is what are the entries to be passed in the books when such reserve is utilised to buy the machinery.

Dear All,

We are service provier under construction of residential complex having turnover > 10 L. In addition to the main service of construction of residential complex, we are providing the service for maintenance of residential apartments by charging Rs.2000 per 1000 sft. The maintenance charges of Rs.2000/- inclusive of material like Diesel, Petrol, Common area Electricity, water bills, lift & Genset AMC charges & others services like Security, House keeping, Gardening etc (which costs approx Rs.1500/- per 1000 sft).

What is the value to be considered for payment of service tax under maintenance and repair service?

Dear sir,
Whether Franchisee Fees and Royalty will be liable for Service tax?