My client sales the furniture & its part thereof consisting metal & wood to College - University.
College has taken exemption under research & development for the payment of any duty.
In this case, can my client issue excisable invoice with 0% of excise duty rate?
If no, then whether he had to bear excise duty at his own?
Give me exemption notification number for the same.

Is vat and any other taxes to be included in turnover of sales for the purpose of Section 44AD and 44AB.Because as such the Act does not provide for its definition.
Plz reply urgently

Sir, i am registered for articles in oct-2011 after completion of IPCC Group-1,my group-2 of IPCC is Still pending ,If i am completed G-2 in may-13 attempt , I will get final attempt in may-14........???

For may-14 final attempt when i will want to register for CA Final.I seen one message in ICAI website (i.e final registration must be before 9-months of attempt)

Dear Sir,
my one Clint (House wife) have taken a loan of Rs 50 Lac from Housing Finance Co.
But The repayment of loan given From her Husband,s Bank account who is a guarantor of Loan. In this case who is claim for rebate u/s 24 & 80C of Income tax act.

I work at Jewellery Industry.
In jewellery Vat rate is 1%.

If I sell outside Maharashtra against C Form, & I dont get C Form, is there any differential tax liability at the time of business audit ???

As per my knowledge, rate charged is even below 2% which is supposed to be charged in case of C Form in other industries.


So there is no need of C Form where Local rate itself is below 2%.


Kindly clear ???

whether Bank Charges amount included in Import Invoice will be shown as separate or will be combined as Material Purchased Charges as per AS-2 (Inventory Valuation) in Books of Account Pls Tell me..............

if dealer buy the FG with payment of duty and he export the same how he can get Cenvat back

When an advance payment is made in excess of Rs.20,000, then does sec.40a(3) will be applicable?

I am final year CWA student and going to Appear for June 2013 exam for both group.My question is wheather it is mandatory for me to complete the 7 days ndustry Oriented Training Programme prescribed by the institute before filing exam form in march 2013.Please Suggest.

Thanks.

Dear Friends,

A Person bought a piece of land on which a small half shade for keeping goods are built. He put the land and the shade on rent for Rs. 175000 a year. He offered the rent as income from house property and claimed 30% deduction for repair.Is correct??

A. Yes
B. No