We are the exporter and we purchased a machinery for 120000/- and Vat amount is 15000/- from delhi dealer can we take the credit in dvat return if "yes" Please tell us the percentage.

Dear Expert,

Company : Developer & Construction

Nature of Transaction : Rent for DG Sets

Party bill provided for Rs. 300,000/- &
architect has certified the same bill
as under

Please note that amount needs to be debited from the final bill of following Contractors in the proposed manner

Vendor Percentage

A-20%, B-30%, C-15% & D-35%

I debited above vendor's account as per architect & TDS deducted & remitted to Govt as per Contract Rate 2.266%(u/s194C)
in June-09

My question is the aforesaid trasaction will attract u/s 194I (TDS-Rent of P&M)

Whether it will attract u/s 194I,What can I do. Because I have already deducted & remitted to Govt as per Cont Rate (u/s 194C)

Pleasedo the needful, it is very urgent

Thanks,

If it is Final Bill, Total Contract Value is Rs. 300,000/- & E-TDS return also done in 15.06.09 as per Section 194C,What can I do

can i return the stock material retun which recived our H.O. Through form F with in six month, acording to Uttaranchal Vat rules.

Hello everyone

I dont have adequate knowledege about eligibility of industrial training and its benefits.Please share your knowledge with me.

My attempt is due in november 2009 and my articleship period will complete on 31 august 2010.will i be eligible to join industrial training in such case.I want to do job after qualifying as CA so what will be more beneficial industrial training or training in CA Firm.

one thing more who imparts industrial traing i mean how would i get info about it where to search a good one so that tomorrow it will enhance my value.

Please reply.

I have a query regarding Ceiling on the Number of Audits..
i know the limit is 20 (excluding pvt ltd companies etc) for a partner but in my firm the partner easily signs more than 20 audits.. the ICAI also has an announcement saying company audits will be max 30... but here too my partner signs more than 30...
also can someone explain that if there are 5 partners in my firm the max number of audits would be 100 but is it restricted to 20 per person?

ABC company is make investment RS 1000 crores in XYZ company and PQR is holding company of ABC
PQR merge it self XYZ so indirectly subsidary company get investment in subsidary company.
PLZ tel what entry required to pass in the book of ABC Ltd.

Hello Sir/Madam,

ARE THE FOLLOWING RELATED PARTY TRANSACTIONS as per AS-18:

Preliminary expenses incurred by the promoters of the new company, who after incorporation become directors and shareholders of the company.

Brokerage earned by a stock broking company due to trading of shares on NSE/BSE by its related parties on their own account.

Thanks & Regards,
Jyoti Baid

whether Intt. on Post Office Savings Bank A/C is exempt From TaxU/S 10(15) (i)

For assessment year 2007-08 I filed return of income u/s 139(4) in Jan.2008 (i.e. belated return) through e-filing.
In this return I claimed Only Rs.20000 as a TDS.( only one TDS certificate of rs.20000).But actualy I have 3 TDS certificates of RS.20000 , Rs.40000 & Rs.25000. This TDS is on Income from Interest recived. This Total Income from Interest received is shown in the books.
Now A.O. taken the case for scrutany. Now I how to claim balance TDS amount Rs.65000 ( i.e. two TDS certificate of rs.40000 & rs.25000 )
Please guide me.
..