Sir please let me clear on this head say if i hav a car which is wholy used for business purpose. What will be the consequences.
If u have any other matter which can give me edge in this topic, plz provide the same.

An SSI unit wants not to avail full exemption upto Rs 150 lakhs under Notification no. 8/2003 and instead pay normal rate of duty with Cenvat credit benefit.

Is it required to excercise its option or is this provision now redundant? Pls advise.Thanks.

Sir since the FBT is liable only if employee is being benifited from the expenditure incured by employer.
In many cases it's very difficult to find out the exact proportion of his personal use ,say my company is paying my cell bill normally 1100/month. but it is being used by me for company business purpose as well as for my own purpose.

help me plz.


Thanks in advance.

Sir It is not clear whether the expenditure incurred under the head of "sales promotion & publicity" or any other head of FBT shall not be considered as FBT in any other head, say, traveling and hotel expenses incurred for "organizing a trade fair press conference or business convention" ( which is not liable to FBT as the same is excluded from "sales promotion & publicity" head) of employees shall be excluded from the other heads say "conveyance, tour & travel" or not.


please gide me.

I would like to know the service tax % to be paid for various services as at today


S.K.

Give me the % of service tax to be paid as a goods transporter for a receipt of Rs.25000/-.

SK

We have imported some raw materials and capital goods in USD.We need to book them in our books in INR.I need to know the day of which conversion rate i can use to book the entry. I am considering on two options:
1)The conversion rate of the day on which we received the material in our factory premises.
2)The conversion rate mentioned in the bill of entry.

Please suggest,which option is right.

I am CS intermediate student. I currently reside in U.K . so any one help as how to study for CS as i only have CS study material . I am planning to give group 1 in DEC 2008. Can anyone help me in providing notes for tAX AND ACCOUNTS and guide me how to study the subjects

Sir,Please let me know if there is any form prescribed for payment of annual associate fee and COP fee.If not let me know the manner in which the fees is paid

sir would like to know in case of consortium arrangement of working capital limits, do banks exchange pari passu letters every year of renewal,as customary or only if there is a change in the security or increase in limits other than change in interest rates, these letters are exchanged between banks

kindly let me know