Ours is a State Transport Corporation.
We are using Electronic Ticketing Machine for issue of Tickets to the Travelling public. This has an in built system for generation of tickets, invoices and other related documents. It has got an inbuilt program to update the data in the main computer so that other remittance, reconciliation, initialisation for subsequent use.

QUERY: What is the depreciation rate under i) Income Tax Act
ii)Companies Act.

Dear Sir,

I am working with event management co. but to financial crisis, we have not paid any tds amount of vendors, professional,

is it any provision wheather we have to pay this amount in next f.y.

or
what r the effects of non payment of this tds amount

i am going to appear my pcc exam in nov09 please any body tell me which bokks ihave to refer and best & easy for all subject

My name is Amit. I am orthopeadically handicapped having problem in walking. I have cleared final exam in nov.2008 first attempt. My situation is that I can do practice or job in Ahmedabad only. I can't go in other city also (including training for job). Whether I should do Practice or Job as per Present & future prospects and my physical condition. Plz guide me in building my career.

Hello I would like to know if TDS is applicable u/s 194 I for Rent on lease lines provided by BSNL. I have hear that govt. entities are exempt from TDS. Please let me know the section which gives that exemption

Hi,

I am keeping book of A/c, I want to generate an entry systems where i am paying Lic premium. it should effect my Bank, Premium paid. Also keep a track of how much premium is paid for a Policy in total till date.

What are the entries should i do?

Can any one suggest the entries for this.

Thanks, and wiating for a reply.

X Pvt. Ltd. has made the payment of dividend in cash Rs.5,00,000 against the investment of Rs. 10,00,000 equity shares.

Whether the payment of Dividend in cash allowed under the Act and provision under the Income Tax ?

Dear All,
Please find the Screen shot of error pls guide me how to verify the same or valid the signature i import ca challan also



Error in registration of your Digital Certificate
Validation Error
You must correct the following error(s) before proceeding:

Certificate is INVALID :
Can not find trusted parent certificate.

how to calculate TDS on Salary on the basis of new slab rates

Dear Professional Colleagues,

One of my client is having Head Office registraion as Input Service distributor and factory registered with excise.

Now the Head Office issues Cenvat Invoices to Factory for cenvat taken on services bills recevived on all India basis.(Centralised Registration)

Factory is maintaining separate accounts for receipt, consumption and inventory of inputs used in the manufacture of dutiable final products and the quantity of inputs used in the manufacture of exempted goods. Accordingly fatory take CENVAT credit only on that quantity which is used in the manufacture of dutiable goods. It may also be noted that there is no any inputs which is commonly used in the manufacture of dutiable and exempted goods.

As Factory is taking full Cenvat credit in respect of the invoices raised by the Head Office and Head Office is issuing the CENVAT invoice on the basis of rule 7 and Head Office is not having any record of exempted goods with them, now how to not to claim CENVAT on services availed for exempted goods or common services on proportionate basis or Factory can claim the full cenvat.