If a factory brings in some capital goods but does not take cenvat credit in the year of its procurement, can the factory take 100% credit in the next year?

Illustration :

Procurement of Capital Goods - April 2008-09

No Credit taken in 2008 - 09 0r 2009 - 10

Can the factory take 100% credit in 2010 -11 in one entry in the credit register?
or, what should be the manner of taking credit in this case? Please cite Rules and notifications.

I have 2 home loans – one for the house Im staying in (Bangalore) and another rented out (Chennai). Last year I had classified my Blore house as self occupied and Chennai as rented out. Since the income from property (chennai) was lower than interest outgo I had claimed tax refund while filing return last year. Even after a year I havent got any till date. For this year can I
1)put my Blore house as rented and Chennai as self occupied because I have a higher interest component on my Chennai home which can be deducted from my taxable income (since this will be done by my office accounts – im sure to get this benefit unlike tax refund which I may never get !!

Is this allowed – considering I stay and work in Blore ?

2)How long do these tax refunds take ?

Does conversion of coal to coke by any company owning a coke oven plant liable to service tax if it earns its income through conversion charges received?

Which one is the easiest way to file IT Return Manually or Online ?

in the Purpose of Refund....?


How to track Refund Status online ?

Is refund status track useful for online filers or ITR-1,2 salary not for ITR-4,3,etc....?????

Pls Explain it in simple language

i am working in corporate, one of our branch has collected service tax through their invoicing, how to pass entry in corporate booke (whether we need to pass monthly or annualy)

Regards
Sridhar

Hi,
I work as a freelancer for few US and UK clients. I will get the payment via paypal. I don't have any employers.
Should i register as a company or is there any other option to register as a freelancer in india? If yes,can anyone pls let me know - how to proceed further?
Like,where can i get the applications(online)?
And,what will be the total cost(apprx) to do the registration?
Thanks in advance.....

Dear All,

Please reply to my following query at the earliest:

"A SICK COMPANY AFTER SO MANY YEARS OF STRUGGLE ,COULD SELL S PROPERTY (BUILDING) ONLY TO PAY OFF THE STATUTORY CREDITORS.SO THE CASE OF SHORT TERM CAPITAL GAIN ARISES.HERE I WANT TO KNOW,IS THERE ANY CASE STUDY /CIRCULAR/NOTIFICATION AVAILABLE SPECIFYING THAT CAPITAL GAIN IN SUCH CASES ARE EXEMPTED?"

THANKS



Rupesh

is the any donation is made for the trust for the rehabilitation of physically handicapped person is eligible for the 100% deduction for the donor under the section 80G?

Hi friends plz help me......
I joined a Construction company on 4th feb'2010.
When i joined there i came to know there was so much tds miscalculation ........
we were making payment for security guards Rs.7500/- p.m & tds u/s 194C should be deducted. so i calculated the tds for whole year & deposited it before 31st march 2010. now problem is i forgot to deposit interest on the above tds before 31st march 2010. can any1 plz help me & advice wat should i do now for that interest? is there any remidy or way ......

We passed a entry for Doubtful Debts provision last yr i.e.
Bad & Doubtful debts Dr
To Provison for Bad Dets Cr.
Now we want to write off this prov mean these are complety bad debts.What exact entries i have to pass in accounts.