SUPPOSE " A " COMPANY HAS BORROWED LOAN FROM " B " ( NON RESIDENT ) THEN IN THAT CASE IF INTEREST IS PAID ON THAT LOAN THAN AT WHAT RATE TDS SHOULD BE DEDUCTED ?????????
WHETHER IT IS APPLICABLE @ 30.09% OR WHAT???????

Whether compensation paid under consumer act awarded by consumer court is allowable expenditure under section 37 of ITA ?

Whether penalty paid under consumer act awarded by consumer court is allowable expenditure under section 37 of ITA ?

Hello sir i have got below message from income tax department. what does it mean please help me. ITR V of PAN ARAxxxxx0N for Assessment Year 2013-14 has been received but rejected due to This is only an acknowledgement for receipt of ITR-V.

What is the accounting as well as income tax treatment of long term loss & profit on life insurance policy and mutual fund investment in case of proprietarship business?

Whether SSI exemption of Rs.10.00 Lacs is also available to service provider who is engaged in Franchisees Services i.e. providing UC MAS Services to Students at coaching Centre on behalf of Franchiser.

We are manufacturer of Industrial Machinery and its spare parts and supplying to various domestic comapanies as well as exporting to various countries.

Our unit has practice to remove some input items "as such" by payment of full excise duty from Cenvat Credit/PLA on enhanced value of input.

Whereas as per Excise Rule we should charge an amount equal to the credit availed in respect of such input sold as such.
Now, Excise Deptt is asking that it is illegal to charge full amount of duty while selling input as such. So we should refund the excess amount charged in our invoice along with interest thereon.

Our stand is that whatever amount has been charged in invoice, is utilized from Cenvat credit/PLA, and if we have to refund the excess amount, we should be allowed to avail the credit of this amount because there cannot be double duty on single sale.
But they are denying for availing the credit of this amount.

Pls advise on the matter.

(Anil Arora)
Manager Finance

Working in PVT Ltd Company

I want to know whether Cash Received from Customer utilized for meeting day to day expenses is correct accounting practice.
Suggest for internal control system with link available

Dealer ship Deposit Non Refundable is grouped under sales is correct accounting practice.Please suggest where to be accounted.

What is the cash limit for expenses paid in cash.

Can any partnership firm or proprietorship firm open a bank account of employee for transaction of firm

hi friends, I have wrongly file ITR for ay 2011-12 in form, but it was for ay 2012-13. now what to do kindly suggest thanks

hai friends , goods were purchased by manufacturer and seller levied excise duty on the product . product was received in stores and stores raised miir and send a copy to accounts dept . my doubt is when will the manufacturer take credit on such goods 1. at factory , 2. in accounts dept or if at different place pls specify.