PLS GUIDE ME WHAT ARE THE BENEFITS OF JOINING IFRS .

If a company 'X' pays for expenditure of AOP 'Y' and later gets it reimbursed( assuming there is no cost sharing agreement between the two ),then who is liable to pay FBT on the above expenditure ?

Dear Friends,

We had made Inter State sales against C forms, but some parties hadn't given us required C forms. Now at the time of Assessment my Assessing Officer is charging tax difference along with 10% Penelty and Interest. Is Penel provision is valid under CST Act? Please provide me some legal guidance along with court judgement & case references. My Email ID is ashishvishnoi@sify.com

my brother was doing cable opertor business in a certain area/ network, generaly in the cable business, it is tradition right to do business in that area/ network along with the customers( subscribers ) sale to the party.

now the consideration Rs. 50,00,000/- received for sale of right to business in that area / net work . the amount received whethere capital gain or business income and how it will be taxed, 30% as General Business income or tax under capital gain at 10%/ 20%

Whether the web development ( not designing)is
taxable service under service act.
> all the development is made for the overseas
client i.e exported (no office in India)and fees is received in convertible
foreign exchange.
> new business,gross receipt till date are 10,15,000 rs. it include 150000
received on 8 jan 09.
no service tax number is applied yet. and not registered
under STPI etc.

> now whether CO. should apply for service tax no. or not. someone
told me that amendments are made in July 08. so if service tax is applicable receipts will be calculated after that date only. Pls guide

1. This is newly incorporated (in may 08) pvt ltd co. with less then 10 employees.
2. The payment is received on the constuction of a portion i.e the requiered facility in web site.
Only one client is there.
3.The service used by clint outside india. There is no such online support from india it is done by client from their rnd.
4. No amc in the contract.

Hello All,
Can you please help me with your expert advice on the following? :
My company is installing a pipeline and related other plants & machineries for transportation of chemicals. Pipes have been purchased for the purpose and stored. The installation process has just started and operationalisation of the plant including the pieline will take at least one year.
After operationalisation service tax will be applicable transportation charge for "Transportation of goods through Pipelines".
Please advise me -
(1)whether CENVAT Credit for ED paid on pipes and other plants, Srvice Tax paid to Project Consultants and other service providers for implementation of the project will be available for adjustment against Service Tax Chargeable on Transportation Charge?
(2)If so, what records and in what format do I need to maintain to satisfy the central excise/service tax authorities to avail CENVAT credit?
(3)When should I claim the CENVAT credit and what is the procedure for the same?
(4)How should I treat the ED and Ser. Tax paid during construction activities in my books of accounts for claiming and utilisation of CENVAT credit? Can you please suggest me appropriate entries in the books of accounts?
It will be a great help.

Thanks & regards,

Aditya

Comrades,

Pl. clarify...
My client needs to pay some amount to Foreign citizen..(as business commission)

How this amount to be paid, and what are the tax implication.

The amount could be roughtly INR Rs.1 lac

hello friends & seniors
please clear this doubt
whether aas are applicable or new standards on auditing are applicable for may 2009..
many thanks in advance

X ltd having Computer Worth rs. 25000 in balance sheet during the year x ltd paid rs. 6900 for purchase of software, Rs. 2500 for the maintainance of website, Rs. 3690 purchase of ram, so shall X ltd have to capitalise Rs. 6900 if yes then what is the rate of depreciation in companies act and in cometax act.

Hi

What could be the modus Operandi to convert sole proprietorship/partnership firm into a private limited company.