In construction industry .
Thanks.

1.Shall we take cenvat credit for discount purchase.

Say for example we buy the materials with 100% discount, the bill has been made by the seller with material amount with ED 12.36% and deducted in bill as 100% discount of material amount.

In this scenario, how can we take cenvat credit.

2. We purchased the machinery spare and used it as a attachment of machinery. what percentage of cenvat credit we have to take?

Is it to be classified as machinery or machinery spare parts?

with regards
S.SREEDEVI

Respected Sir/ Madam, Kindly clarify me whether contribution made to section 25 company (no profit-no loss company)will be included in CSR activities under schedule VII of Companies Act, 2013?

i m doing accounts of a company which have HO & 3 hotel units. HO do the tour operations. When HO sends tourists to the hotels they have, the concerned hotel do the entry HO ...Dr & Sales of room ....Cr and HO did the entry Expenses .....dr Unit ......Cr. Every transactions took place in sales value also the cost is not ascertainable. Now at the time of consolidation what is the procedure to eliminate the inter unit sales and purchase and profit. pls rply asap. thanking you in advance.

Issue:-
Director of a private limited company wants to resign form his director ship. he has given his resignation to other director of the company long back but the company has not yet filed the form 32. now the director can file the form 32 with out any board approval.
more info: the company has not filed its annual returns and annual return since 3 year i.e form incorporation to till date.
Can any expert suggest to file form 32 formalities in this case.

Hello experts,

I want to know what are the penalties and interest for non-deduction of TDS on salary.

and whether expense of salary can be disallowed u/s 40 (a)(ia)

Thanks

i have taken the loan on ppf . the finance which is received from on account of collateral of ppf is financed in my partnership firm as a cspital introduced in firm business .
Now i calculating the estimate my annual income . i received income from int on capital @12% .This income is taxable in my personal ITR.
my question is that can i claim deduction in my ITR file forhthe int paid on loan on the basis of the amt credit in my PPF account .

pl guide me and seeking clarification with section supporting .

Dear sir,
I have Cleared Executive programme and yesterday made request for Professional Course .My Payment is deducted from bank account through net banking after that a mail send by the ICSI is that your transaction status is success. but today i have received a text message in my mobile phone from ICSI is that your payment is unsuccessful. I have also Check my bank balance again but there is a not any reverse entry in my account.Now i want to know whether my registration is successful or not??? . What is the procedure to know about any registration ???
Because i have already send mail to icsi but there is not any reply from the icsi.

My Company is a Public Unlisted Company.

As per 12-13 Balance Sheet it showing Share Application Money pending for allotment.

And ROC filing work also has been done on time for above Company.

Now we have received notice from ROC For filing of Form 5 INV .

Company has decided to Covert the Share Application Money in to Share Capital by allotment. For which we have to file back dated which should be after AGM as all the reporting related to Company has already done to ROC .

Query is now what information i have to fill in the Form INV as it is not taking nil amount.

Please experts kindly reply me on that issue .

In an organisation rent paid is RS 18150/- per month, annually amounting to Rs 217800/-. As per the agreement rent is payable in advance every month i.e, on or before 10th every month. As per agreement cheque has to be drawn in favor of 2 parties at @ Rs 9075 each.
DOESNT THE COMPANY HAVE TO DEDUCT AND PAY TDS ON RENT U/S 194I EVERY MONTH?