For tds to be paid 7th of the following month is the duedate.Is there any exceptional case for which another due date is applicable?

hi all,

i would like to know wheather there is any chance to give result of pe ii and final at a time and is there any idea about the date of result likely to be announced. pleae revert me back on this issue.

regards,
nandish

We are manufacturer as well as job worker regd. with excise. We also undertake jobwork of Fabrication and galvanizing of dutiable & exempted goods. We produces dutiable & exempted goods and do not maintain separate records. We avail cenvat credit on free issued inputs received from customer for job work & own purchased inputs like, steel, zinc, Consumables, Fuels etc. As per Rule 6(3)(b) of cenvat credit rules, 2004, we reverse 10% duty on clearance of exempted goods (now 5% to be reversed).

For non-exempted goods received in our factory for job work, how much credit should be reversed by us.

In case, if customer is regd. with excise, and paying excise duty on goods so processed by us, are we liable to reverse the duty?

If customer is not regd. with excise, and not paying excise duty on goods so processed by us, at which rate duty should be reversed? how the valuation is to be done?

our company producing cotton seeds and which are not excisable

Company willing to construct cold storage and if the company produces exemption certificate the Excise duty on cold storage machinary will not levied by the vendor company

pls. advice the pre -requisites for applying the certificate

A House which is not self occupied, let out since he is doing job outside country, for this let out house he is getting 4.5lacs as annual rent which is received by him after TDS. For that property he has taken loan of 50 lacs and its accrued interest is comes to 4.30 lacs for the financial year 2008-09. My question is, for the interest accrued on loan, how much he will get as deduction u/s.24(b)? whether he will get upto 1.5lacs? please clarify...

pls tell me section 2(22)(e) in easiest form . i will be very tahnk ful to u.

Respected sir,

I want to know about what is the diff. between deductions and exemption in income tax????


thanks in advance.....

Hello Experts, I am about to discuss on my salary part with my new probable employer. Can you please guide me on ideal breakup for CTC between 16-18 Lacs? For which components of salary component should I watch for while negotiating the salary?

My friend has to recieve Refund for the AY 2007-08. He was an expat. He then quit the company in Feb 2007. When he went to the It dept to get the refund in July first week 2009, he was made to come for few days saying we still need some more time as a new Asst Comms has just been posted. Finally he was told that refund cheque is ready . Infact they showed him the cheque which had interest till May 2009. But they said that they will hand over the cheque only after he gets a letter from the company he worked for (Which had deducted the TDS for AY 2007-08)which states declares that he has earned the amount mentioned in the form 16 & TDS deucted is correct.But since it is more than 2 yrs that he has quit the company, it is impossible to get such a letter signed from that company.(One of the big 4 had filed my friend's taxes that yr as they were appointed by the company since my friend was an expat). Now my friend is working for another MNC so getting the letter from the older MNC is not possible . The ACIT is not willing to hear anything. She says that without the letter she will not issue the cheque.It is already 3 months sinve the cheque is prepared. PLEASE ADVICE AS TO HOW THE REFUND CAN BE GOT.REALLY NEED THE ADVICE.THANKS IN ADVANCE.

what is the tax impact of a foreign company on which transaction tax is paid in that country is sold by a resident indian?

would it qualify for claiming exemption u/s 10(38) if securities transaction tax is paid by such assessee in a foreign country?