Anonymous
24 April 2013 at 14:11

Capitilisation of fixed asset

A COMPANY IS PURCHASE ON SOFTWARE FOR RS 13500 . SO COMPANY CAPITALIZED ON SOFTWARE AS A FIXED ASSET OR NOT IF COMPANY IS CAPITALIZED THEN THE RATE OF DEPRECIATION OR IF NOT CAPITALIZED THEN WRITTEN OFF IN P & L SO PLEASE ADVICE.



Anonymous
24 April 2013 at 14:05

Related to depreciation

A COMPANY PURCHASE ON MACHINERY ON 6-2-2013
BUT MACHINERY IS INSTALLED ON 15-2-2013. HOWEVER COMPANY IS CHARGED ON DEPRECIATION ON THE DATE OF PURCHASE IRRESPECTIVE OF DATE OF INSTALLATION SO PLEASE ADVICE COMPANY IS CHARGE DEPRECIATION IS RIGHT AR WRONG.


Vinod

Dear Sir,

1. As per Rule 2C of valuation rules, the taxable portion of outdoor catering service is 60%, where as as per Notification 26/2012, it is 70%. Which is the actual rate to apply?

2. This rate has to be applied on gross amount (including services) - is it right ?

3. As per the above, if 70%, the effective rate will be 8.652% (100*70%*12.36%) - am I right ?

4. If the assessee has the right to pay service tax on the whole amount (including material cost) and then to avain cenvat credit on input services ?

Please share your views as early as possible.

Thanks in advance...

vinodaca74@gmail.com




Anonymous

Dear Sir/Madam,

Our manufacturing firm is registered with SSI and Excise(Product:Transformer Lamination).

Our turnover is 25,00,000/00(25 lac approx),which is under SSI exemption Limit.

We are not availing credit of input Excise(i.e.we are paying excise when we purchase), as a result cost of product increases and selling without Excise Invoice(only Vat applicable), so can we make invoice with Excise, if not what is the benefit with Excise and SSI registration.

Thanking You,
With Regards,
Manhar


CA Sanjay Baheti
24 April 2013 at 13:17

Er-3 return

So far imported Goods are concerned only Additional Custom Duty & Countervailing Duty is eligible for cenvat credit.

Now the query is at where column the same is to be shown in Cenvat Credit Details in ER-3 return.

Please reply at soonest.


JAYDEV
24 April 2013 at 13:15

Cancellation of din

How can i cancel the DIN of any Director? I know about the gazette published by MCA but I want to know the process for cancellation. Is it require any special application


G S SHRIDHAR

Kindly send me statement of facts for income tax appeal



Anonymous
24 April 2013 at 13:07

Remuneration u/s 40(b)

Hello friends,

1. There is partnership firm.

2. Loss is Rs.20,00,000 for F.Y.2012-13.

3. salary paid to Two partner amounting to
Rs.185000/-.

4. Now pls tell me whether the Salary is form part of remuneration?

5. And if Yes then how much remuneration allowable to Firm for F.Y.2012-13

6. I have already paid Rs.185000 as salary then what to do for Rs.35000 (185000-150000)...
reply....pls



Anonymous
24 April 2013 at 13:03

Firm registration name

Dear sir,
I have sent form no-2 last month including firm names as mentioned therein as priority wise, is there any requirement to send form no 117, if yes then at which office whether to decentralized office or to Delhi
please clarify the query at earliest


Arihant
24 April 2013 at 12:59

Payments exceeding rs. 20,000/-

Dear Sir,

If a company engages workers on contract basis through a contractor and makes payment to workers themselves exceeding Rs. 20,000 in cash, but the payment to individual worker does not exceed Rs. 20,000. Will disallowance under section 40A(3) will be attracted ?





CCI Pro
Follow us


Answer Query