There is cash discount given by the Party in Purchase Invoice after charging Excise Duty @ 16.48%, in Excise invoice.
Then on the remaining amount CST @ 3% is charged.
Is this the Correct Treatment?
Also what should be the treatment in Commercial Invoice?

Please help me on this matter.

i have the following 3 queries on AS11:-

1 Is reinstatement of advances paid necessary under AS11?

2 Can forex gain/loss be adjusted against cost of fixed assets ?

3 To buy an asset a certain amt is paid as full & final payment.Should the cif value of the asset as on bill of entry dt. be considered as its cost or should the amt paid be its cost?also plz suggest the a/cing treatment for your view?

i have the following 3 queries on AS11:-

1 Is reinstatement of advances paid necessary under AS11?

2 Can forex gain/loss be adjusted against cost of fixed assets ?

3 To buy an asset a certain amt is paid as full & final payment.Should the cif value of the asset as on bill of entry dt. be considered as its cost or should the amt paid be its cost?also plz suggest the a/cing treatment for your view?

Hi,

What is the rates of salary TDS?

Can anybody pls provide me list of Accrerated Institute in Mumbai for CA Final

is there any university which provides BACHELOR IN GENERAL LAW(BGL) OR LLB in distance learning WITH ONLY 10+2 QUALIFICATION.AND IS UGC RECOGNISED

In the campus there is rule that no co. shall fill the bond from the selected canditates related to time period.Now there are many co. which are saying that you have to give notice period of three months before resign. Is this practice right or wrong under the ICAI rules.If yes then what is the Max. notice period. plz enlight me on this issue.

Hi... can any one tell me the exact structure to draw sensitivity analysis..

Is any common structure is there to for all types of businesses..

Dear All,

Please let me know whether we can issue form 16A for financial year 2007-2008 of date any of June-08.


Thanks

X Ltd; is in the course of being wound up.The winding up has been put on hold as a petition has been submitted u/s.391 of the companies act by a member. The company has amounts due to secured creditors. The company is a real estate company. So the land held by it is treated as
stock in trade. The question is 1) If the land is sold in auction , will the amount be treated as business income? 2) will the company be liable to pay tax on the amount received on the amt remaining after payment to secured creditors 3) will the expenses met by liquidator be deductible?
4) please suggest relevant case laws.5) Will the IT department waive the income tax in any case?