I am a VAT dealer in Hyderabad. I am purchasing plastic goods from Dadra in that state Sales Tax on Plastic goods is exempted.So there is no CST Charged on the bill.But the dealer is asking me to Issue 'C' Form.Can I give him C Form as there is no CST Charged on the bill.

Thanks

I have offered donation Rs 40000/- during year 2008-2009 & i Got receipt against the donation. This has not been mentioned in my Form 16 due to late submission of documents. May i request you to confirm that this can be claimed as deduction under 80G in my Income tax return? please help me int his regards.

Regards

Jeetendra

how to calculate TDS on Salary on the basis of new slab rates

Dear Freind

Please guide me. I want to efile ITR1 thru Income tax Web Site.

If you can guide the procedures to file, it will be helpful to me.

Tax on total Income = Rs 1377513
TDS deducted=Rs.1366078

what will be the interest to be paid u/s 234b & 234C in case of Individual.Please provide along with necessary calculations

Dear all

What is actuarila loss or gain, when it will arise, will it hit profit and loss account..where we to show that amout..I hope u got.. pls help me on this

Message
1.I am working with an S/W Company 100% EOU, registered under STPI & Service Tax, whether company can claim refund of Service tax paid on input services?
2. If both Local Taxable Services and Export Services are there then what will be the refund criteria.
3. How cenvat credit will be availed against local services?

Provided,
1. we are not making seperate books of accounts.
2. Most of the input services are used both for domestic as well as export of services.

Thanks for immediate & expert advise.

Dear Professional Colleagues,

One of my client is having Head Office registraion as Input Service distributor and factory registered with excise.

Now the Head Office issues Cenvat Invoices to Factory for cenvat taken on services bills recevived on all India basis.(Centralised Registration)

Factory is maintaining separate accounts for receipt, consumption and inventory of inputs used in the manufacture of dutiable final products and the quantity of inputs used in the manufacture of exempted goods. Accordingly fatory take CENVAT credit only on that quantity which is used in the manufacture of dutiable goods. It may also be noted that there is no any inputs which is commonly used in the manufacture of dutiable and exempted goods.

As Factory is taking full Cenvat credit in respect of the invoices raised by the Head Office and Head Office is issuing the CENVAT invoice on the basis of rule 7 and Head Office is not having any record of exempted goods with them, now how to not to claim CENVAT on services availed for exempted goods or common services on proportionate basis or Factory can claim the full cenvat.

Suppose if A company has given a loan to B company wherein shareholder holds 99% of holding and 50% holding in B company

So is deemed dividend applicable??

Its urgent
Regards
Hitesh khona

the assessee has used the shop primises for business purposes for some years and claimed depreciation on the same and later rented out the same shop, now in 2008-09 he sold that shop . what will be the effect of same on capital gain and how will the cost of acquisition be calculated.