X co. deals in nonexcisable goods eg. paint booth which requires conveyor belt for working. this conveyor belt is directly dispatched to customer of X co.& bill (inclu of excise duty)is seperately raised in name of that customer by the supplier of conveyor belt (on bill it is mentioned that it is in care of X co). X co. doest not mention exicse duty in its invoice

Whether that customer will get CENVAT credit for such conveyor belt? and as per which rule or section?

from where can I get the material regarding this if i have to give proof to my client

I am at present claiming medical claim for domicillary treatment. whether i can calim the amount received on the above under sec 80 D. At present iam taking the the amount recvd as perquisite for caliculation of itax.

Dear All,
I'm a basic science person working for a pharmaceutical firm. I want to became a part time Personal Financial Consultant for salaried persons. Guide me what I have to do? Any course OR any book OR any registrations? Please advice.
With thanks
Kannan

Can i claim the deduction u/s 80C for the repayament of housing loan if house is taken on lease for 99 years.

IN THE FINANCE BILL 2008 PAYMENTS ARE MADE
IN EXCESS OF RS,20000/- ARE TAXABLE IN THE
HANDS OF ASSESSE
WHETHER I PURCHASE GOODS IN CASH IN A SINGLE DAY LESS THAN 20000/- BUT TOTAL PURCHASE IS RS 75000/-THAT IS FOUR BILLS
WHETER THE ABOVE PURCHASE IS TAXABLE IN THE ABOVE SECTION

We Joint Venture Partners the details as follow
1. Pratap Engineers & constructions – Proprietorship - 49% (investment & Pro/Loss)
2. Raju Constructions – Partnership – 51%(investment & Pro/Loss)

The above organizations formed a Joint Venture Called as “Pratap & Raju JV. And executed the Hydro Mechanical works

How can I file the IT Returns? What rates will I calculate (one part is Proprietor and second part is Partnership)

If service tax applicable, payable by monthly or Quarterly?

And explain the accounting procedure at the time of closing the Joint Venture accounts

A trust who is registered U/S 12AA is running Educational Institution and whose gross receipts is more than One Crore is compulsorily required to apply for exemption U/S 10(23)(vi) or the trust has option to get exemption U/S 11 of the Income-Tax act, 1961.

CA RK Bhardwaj

Hi,

Below is the salary structure.Could you please let me know the best struture to have minimum tax liability assuming employee is ready to bear FBT

All the figures below are per month
Basic:100000/-
HRA:50000/-
Conveyance:800/-
Medical:1250/-
LTA:20000/-
PF(EMPLOYER):780/-

whether sec.139(8) are applicable? if applicable when? please clarify.

Small service provider - annual exemption limit increased from Rs. 8 lacs to Rs. 10 lacs with effect from 1st April 2008

A long-time registered service tax assessee received the following payment during financial year 2007-8 :-
Amount excluding service tax and cess : Rs. 6.50 lacs
Amount of service tax and cess : Rs. 0.80 lacs
Amount including service tax and cess : Rs. 7.30 lacs

Upto what turnover level (excluding service tax and cess) during financial year 2007-8, would it allow the Rs. 10 lacs exemption to be availed in financial year 2008-9?