I would like to know that:
We have taken a loan to construct a building for business. It gets completed in 11 months. Since it is not a qualifying asset, where do we show the interest on loan for the 11 months period?


Thanks

Neeraj Khurana

Dear Sir,

Is professional Tax deduction Compulsory??

If it so, there is a small instance.. A company does not deduct nor remit Professional Tax to the Government since its incorporation.. what will be its duties and What will be its penalty charges and how much will be interest paid to the Government???. the state i'm referring to is Tamil Nadu

Can any Advance be classified as Standard upon restructuring ?

I am asking this because i read
when a standard asset is reconstructed it is classified as sub standard
when a substandard and doubtful assets are reconstructed they would continue to have the same asset classification
Loss assets cannot be restructured then
how can any Advance be classified as Standard upon restructuring ?

i have formed a pvt.ltd co. this year with a paid up capital of rs.500000. i want to know is there any provision regarding amount to be paid to directos. i am willing to pay my two directors rs.20000 each, can i do so

In present budget 2013
MRP based valuation for pharma - Ayurvedic product is applied with 35% abatement.
For eg MRP Rs.100/- now valuation is Rs.100-35= 65/- per pack for excise clearance.

In above case manufacturer " A" mfg at full rate by SSI unit at Rs.10/- (with MRP Rs.100/-) and same is given to "B" at Rs.10/-by manufacture "A", who sold at Rs.100/- by "B".

Now at what rate "A" continue to invoice at Rs.10/- or Rs.65/- to "B" w.e.f 1.3.2013. or at what excise invoice is to be prepared at Rs.65/- or Rs.10/-

Pls advice.

Suhas

Is there any other item which is exempted from service tax in case of goods transported by road:
(a) fruits, vegetables, eggs, milk, food grains or pulses in a goods carriage;
(b) goods where gross amount charged for the transportation of goods on a consignment transported in a single goods carriage does not exceed one thousand five hundred rupees; or
(c) goods, where gross amount charged for transportation of all such goods for a single consignee in the goods carriage does not exceed rupees seven hundred fifty;

An assese creates Huf & he requires 10 lacs capital. how he arrange funds through gift from relatives . defination of RELATIVES for HUF.

how the future contracts(derivative Market) are taxable

could anyone please tell me that whether i will be allowed to have full time certificate of practice if i apply for it ...but currently i m engaged as a lecturer in a college on full time but on contractual basis.

though i have applied form 2 for membership but now how to apply for full time c.o.p and want to know whether the institute will allow me to have engaged as lecturer on full time basis and also provide me C.o.p.

whether i would be able to do attest function as i m engaged as a lecturer on full time basis( exactly 4.30 hours )but on contractual.

would it make any difference if it is part time.. ?

we have purchased inter state fixed asset for cst 2%
which column we have to show in vat 100 in purchases

and fixed assest purchased without c form
which column we have to show in vat 100 in purchases

and local purchases of fixed assets
which column we have to show in vat 100 in purchases