i doing an audit of a mnc who hv around 1500 cars for rent n lease a car,n they hv all d cars from banking or financial inst. on finance lease basis which duration is 3 to 5 years to repay the entire amount so it is d financial lease as per as -19 ,n we hv claim depreciation on dat cars for income tax purposes bt kalra sir(mafa teacher) told us we cant claim dep on such cars ,but according my pouint of view it is dispute in income tax deptt which not give any solutiopn to us yet ,so plz tell me watt treatment is better to do n if possible plz inform me any circular or notification issued by i.t. deptt on same topic.

WHILE MAKING SALE OF SCRAP ITEMS/OLD USED ITEM WE HAVE BEED COLLECTING VAT AS WELL AS TCS. I HAVE A DOUBT WHETHER WE HAVE TO COLLECT EDUCATION CESS ON THIS BILL

PL LET ME KNOW WHO ARE ELIGIBLE FOR CLAIMING 3% CST ON INTERSTATE TRANSACTIONS BOTH TRADER AND MANUFACTURER. IF MANUFACTURER IS ELEGIBLE WHAT ABOUT THE POSITION IF THEIR OUTPUT IS TAX EXEMPT ITEM.IF IT IS SO IF THEY CAN PURCHASE THE ENTIRE THING FROM OUTSIDE THE STATE SO AS TO AVOID 12.5 % VAT.

Dear member,

I have searched so many site to get excel/word version of the new challan form GAR - 7 through internet but couldn't get the same.
Hence you are requested for the same and oblige me. Thanking you.

how much shares one can purchase in his name in a public ltd. co.

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