WE HAVE INPORTED THE MACHINERY ON EPCG LICENCE
NOW WE WANT TO TRANSFER THIS MACHINERY MOULD TO OUR ANOTHER PLANT WHICH HAVE SEPERATE EXCISE REGISTRATION NO WE ARE USING THIS PLANT FOR ONLY JOB WORK PURPOSE FOR OUR MAIN PLANT

CAN WE TRANSFER THIS MACHINERY
HAVE WE TO TRANSFER IT ON INVOICE OR JOB WORK CHALLAN

PLS ADVICE

any one tell me briefly about Sec.194C-TDS on Payment to resident contractors/ sub-contractors,& Sec.194I-TDS on Rent,plzzzzz

Sir,

I am working in a Kerala based PSU having branches all over the Kerela.It is enagaged in the business of productions and manufacturing of electronics goods as well as software products.The company also have a five subsidiary units,fully incorporated as company under the Indian Companies Act,1956.The Holding Company's productions as well as proudctions of subsidiary units are selling through the marketing offices of Holding Company,w hich have various offices all over India.Holding Company have eneterd in an agreement with the subsidiary company realating to the selling of products of subsidairiy units.Subsidiary company is required to pay a commission of 5% on the net sales effected by the marketing offices.My question is whether the commission received by the Holding company is laible for services Tax?Monthly expenses on behalf of some of the marketing offices is incurred by the said subsidiary unit which will be adjusted with the above commssion at end of the each quarter.Based on the above circumstances what is time limit for charging/paying the service tax liablity?

The company carries on the business of financial services.It has brought forward losses.But is making profit from past 2 years and paying tax under Provisions of 115JB.The company did not have any fixed asset, acquired fixed asset in middle of last financial year.But no provision for DTA or DTL was made last year.
My query is:
1) how should the deferred tax be treated this year?

2)What is the effect of brought forward losses on DTA or DTL?

3)Should the DTA or DTL added or reduced from brought forward losses?

4)The company has a brought forward loss of 10Lacs still ,based on the concept of prudence since the company is making profit from 3 years we can expect it to make profit in the next year also.As the company is paying taxes under MAT provisions on Book profit,can the company set off the MAT credit against the regular tax payable if the company makes huge profits next year?How can this be done?

5)Does MAT provisions have any bearing on Deferred tax? If yes how should the deferred tax be treated?

6)If the Company is not carrying financial services will the answers for above questions be different? What will be the answers?
[..Sir i understand there are too many questions but i really need answers for all of them as i have to complete the finalization.I hope i can get answers for these questions.]

A Client of ours(a US Resident) is concerned about the possibility of collapse in the value of US Dollar, so he wants to convert about $200000 into Indian rupees. for this purpose he contacted SBI Branch there to inquire about the FDs they offer for money converted to Indian Rupees. They are offering an interest rate of 8% for a 8-10 year FD and the client will have to pay 15% tax at source on this. The bank says that once the interest income is repatriated to US, the client will have to pay taxes as per US Code.
The client wants to know that what will be the actual tax at source?? and if he does not repatriate the funds back to the US, how much tax will he be liable for then? will he be taxed again on the maturity of the FD?
What monthly income should he expect in net from this FD??
Please help

can any one give me important sites and links to download ca matter

When the value of intangible assets like goodwill,patent get less then this less amount shown in amortization rather then dep. But when its value increased then what should be the name of head instead of appreciation? Thanks in advance

We have purchased memory stick for laptop and pendrive in what head they are clubbed and if they treated as assets then what would be Dep Rate?

Whether we have to deduct education cess on tds or not for the fy 2009-10

let a person having a money lending business and forfieted the building due to non receiving the lending money

and if such person give this building on lease & receiving rent

then rental income in which head to be shown