Company having Solvent Extraction Plant & Refinery is manufacturing some exciseable products.
Company manufacture Acid Oil Sludge which is exciseable. Some Qty of this Acid Oil Sludge is sold and some is self consumed in production of Acid Oil.

Final Product Acid Oil is excisable but in process of Acid Oil Production some qty of acid oil sludge lost.

Ex.:
Acid Oil Sludge consumed : 10 MT
Acid Oil manufactured : 2 MT

What procedure is to be followed by company for self consumption.

I am availing IT exemption benefit under 80 C of full Rs 1.00 lacs on account of paying principal amount and under Sec 24 for Rs 1.50 lacs on account of Interest on home loan taken, kindly confirm whether I can also avail any additional IT exemption if I make any savings in PPF / normal LIC policy premium or similar savings instruments. Thanks.

We have received one bill from transporter for Rs 90000/-,there not mentioned service tax. my question is how to take input credit in above mentioned situation and who will pay the service tax can u explain to me

If once resolution in the General Meeting has been passed under section 293(1)(a) authorizing BOD to mortgage the Compnay's Property, whether in future if Company goes for mortgaging the property it would be required again to pass such resolution?

I have to make a project report for a proprietorship who is having a cement agency.
The person wants to take a loan amounting to Rs.7,00,000 from Govt. under Loan for minorities.
So, just wanted to know what are the information needed in it?
And what are the ratios which are needed to present including the industry ratio.
Any other thing needed to be taken care of.

Please help me....

IS SPECIAL RESOLUTION REQUIRED FOR ALTERING MOA (INCREASE IN AUTHORIZED CAPITAL) IF COMPANY IS FOLLOWING TABLE - A.
GIVE DETAILED REPLY..!

respected,

i have qus regarding TDS

if we a purchasing machine from outside india what would be TDS compliance in following cases (do we need to deduct TDS)

1. directly from co. from out side.

2. co. A Inc. having permanent agent in india

3. co. don't have any permanet agent in india.

4. and what about that when we buy product online from sites by payment via credit/debit card.


thanks regards.

Respected Sir,
we had followed Table-A in AOA. So in order to increase authorised capital of Pvt Ltd company whether ordinary resolution will do or we have to pass special resolution?
As there is alteration in capital clause of MOA so is there any need to pass any special resolution?

Dear Sir, I have registered for my articals on 30th May 2012 after claering both groups of IPCC. will i get NOV 2014 Final attempt??

The company(Gurgaon based) is engaged in business auxiliary services(it does the plating work on the item provided by the client and also uses self purchased raw material on that item.
As this involves both Service Tax and Vat.
So my query is on what amount the company has to charge service Tax ?