whether gross collection of the cinema (Playing motion pictures)theatre collections come under turnover for the purpose of 44AB.

Respected sir
my quetion is simple
what is treatment of VAT input Tax paid for purchase of capital assest
Whether can we adjust the out put tax of vat when we sale the above assest

what is treatment of out put tax clooected on sale asset

REGURDS
MUTTU

Transfer Price Clarification

X Ltd, a Manufacturing company, sells products to its Associates, Y Ltd(40% holding) , singapore. It also sells the same products to Thailand company called Z ltd, which is not an associates or subsidiary.

The company sells the same products in domestic market also. If it compare with domestic market, the export price is very less. More over the price charged to the singapore and Thailand also not similar. The mostof the product price is charged based on the quataion and the market price prevailing outside the country to which it is exported. price also varying from time to time.

My question is how to compute transfer price in the above situation.
Which method is suitable.
The cost of the above product is available.
But the comparable uncontrolled price is very difficutty to find out and
Whether the selling price adopted for Thailand can be taken for comparable purpose.

With regards

Mani

Sir, I had cleared one group of my finals in 2001 but went into job post that. I want too appear for the remaining last gropu in may. I wanted to check if I am still eligible for the same. And if so are there any formalities that need to be completed at my end.

Hi every one,
There is a strong rumour that this attempt results would b more worse than the last.
As CA's are more in supply and there was an high level meeting to discuss this subject. they considered the fact that all CA passouts could nt get through CAMPUS, which indicated a decline in QUALITY ,
So is this rumour true .
SHED light on this Subject to dispense wrong beliefs .

Thanku

granite polishing unit has sub contracted the work to an individual .whether this sub contract work comes under service tax net?

Seniors

please explain the process of Termination?

What are the documents involved in this?

Explain claerly?

Dear Sirs,
I am despretly looking for interpretation of defition of salary/wages under The Payment Of Bonus Act which should be supported by legal decisions.Whether definition includes following-
-House Rent Allowance
-Special Allowance
-Conveyance Allowance
-Personal Allowance
If any one can give the interpretation of definition supported by legal decisions of any high court or suprem court by tomorrow i shall be obliged for him.You can mail me on ca_nagendra@yahoo.co.in

CAN A DIRECTOR MAINTAIN A CURRENT ACCOUNT (IN DEBIT BALANCE OR CREDIT BALANCE) IN THE COMPANY WHERE HE IS A DIRECTOR BY PURRING CASH AND WITHDRAWING CASH OR PUTTING CHEQUE AND WITHDRAWING CHEQUE IN HIS CURRENT ACCOUNT

I have perused the Question on the above subject, viz., Interest on Housing Loan raised by Mr Vinod Sharma.

I intended to answer the Query but the website didn't allow me to post my reply. Hence I wish the following reply to be posted to Mr Vinod Sharma.

"Please visit www.apnaloan.com in which a similar point has been answered under caption-Home Loan Tax Tip Tax deduction for a co-borrower who is not a co-owner".

Only Owners and Co-Owners would be entitled to claim any tax benefits in respect of the loan installments repaid on such a loan. You could explore the option of becoming a co-owner by virtue of a gift deed or sale deed both of which will entail payment of stamp duty. Only after you become a co-owner, will you be able to claim the tax benefits.