Expenses incurred on implementing ERP, what treatment is to be given? For this purpose following expenses are incurred.

Computer Hardware (servers etc.)
Computer software (payment of licence fees etc.)
Professional fees (payment to implementing agency)

How these expenses are to be treated in books of accounts, whether to claim as revene expenses or capitalise and claim depreciation.

If to be capitalised, please specify rate of depreciation both under cos act and income tax act.

Thanks,

Hi,
I'd just like to know the documents to be submitted to the sales tax authorities,and the procedure to be followed to claim input tax credit on purchases.

Regards/-

Sir,

We are air conditioning works contractors. My issue befor implimentation of Works contract service we have followed the Errection Commission & Installation Service. After the implimentaion we are following the Works Contract Service. You know that as per ECI service we have to take 67% abatement and on the 33% we have to pay tax. Before service tax rate is 12% and works Contract service rate is 4%. Now Service tax rate has came down for 10%.

May we change to the ECI service. Once I read any where that " if there is any Sales tax element in the receipt against the service of ECI, Service provider has to pay tax in Works Contract service only". Is this correct, if correct please advice me the notification No.

Please clear my doubt.

how much amt of refund we can take in cash in the following situation:

Total credit of S.Tax on input services=6000


Total turnover of output service=30,000


Output Service Exported=20,000



plz reply???????????

how much amt of refund we can take in cash in the following situation:

Total credit of S.Tax on input services=6000


Total turnover of output service=30,000


Output Service Exported=20,000



plz reply???????????

Dear Sir,

Please say me Interest rate for Custom Duty and how should it be calcullated

Regards

WE HAVE PURCHASED FURNACE MACHINE FROM UK AND INSTALLED.AFTER SOME TIME THE SAID FURNACE MACHINE DAMAGED BY FIRE.FOR THIS THE ENGINEERS FROM UK CALLED FOR SERVICING THE FURNACE ON PAID UP SERVICES.THE CONCERN HAS NO PERMANENT ESTABLISHMENT IN ANY PART OF INDIA.WHETHER TDS IS APPLICABLE U/S 195 ON PAYMENT ? OR THE SAID CONCERN IS NOT TAXABLE UNDER BUSINESS INCOME UNDER PARA 1 OF ARTICLE 7 OF DTAA OF UK FOR SERVICES OF MACHINE.

In the case of Buyer's credit, if service tax is paid on that Co- acceptance fees, can the company avail credit on that. Pl. Reply.
Thanks in advance

Hi,


I am Pramodh Vittal. I need a clarification regarding XBRL.

I have cleared CA in nov 08 examination and currently working as Asst Manager Finance in a medium company. Now i have been offered a job in another company which is engaged in XBRL services ie conversion of financial information in XBRL reporting. If i take up this offer i would be doing tagging job ie interfacing the given financial info in XBRL. They have given me same Asst manager designation and this is also same turnover company just 5 years old. Will it be helpful for my career in 5 years down the line. Can i take up this offer.

Many thanks in advance.