The optical fibre cables are dealt with in two chapters viz Chapter 85 and Chapter 90 for HSS classification purpose.

Optical fibre cables are used for telecommunication purposes. There are certain optical fibre cables used for medical purposes also such as instruments like endoscopy etc. Some type of optical fibre cables are used in mining industry for remote lighting.

Can anybody clarify which type of above cable would come under 85 and which under 90 ?

CBDT HAS ISSUED CIRCULAR NO 493 DT 21-08-87 WHERE IN ATTENTION INVITED ON INSTRUCTION NO 1744 DATED 21/01/87 & 1765 DATED 25/06/87 IN WHICH BOARD HAS CLARIFIED THAT RETURNS OF INCOME FOR AY 86-87 & FOR SUBSEQUENT YRS WHICH ARE BELOW TAXABLE LIMIT FILED BY PERSON AT HIS OWN SHOULD NOT BE ACTED UPON UNLESS FILED UNDER EXCEPTIONS COVERD UNDER ANY PROVISIONS OF SEC 139. SIR IT MEANS ABOVEMEINTIONED RETURNS CAN NOT BE UNDER SCRUTINY PL CLARIFY & CONFIRM THAT STILL THIS CIRCULAR IS VALID OR NOT

We want the Clarification on following issues regarding submission of hard copy of Income Tax Acknowledgment (i-e ITR-V).

1) Whether Acknowledgement is to be sent via Courier, Registered Post or any other means.
2) Whether in a single envelop, can we sent acknowledgement of more than one Assessee.
3) Whether Acknowledgement is to be sent in Single or Duplicate.

Hi,

My company has got Service Tax registrations for two different services as mentioned in the Service Tax Certificate issued by the department of Service Tax. So whether I have file two separate Service Tax Returns for two different services or I have to file only one consolidated Service Tax Return for both the registered services.

Thanks,

Gurmeet

The assessee is a NRI. He has deposits in banks TDS is being deducted by the bank. The return is to be filed for the first time. The assessee is a senior citizen. KIndly advise on the following issues:-

1) TDS-when it should be claimed? Whether in the year in which TDS is deducted or in the year in which interest income from bank is offered for taxation on maturity of FDR i.e. on cash basis?

2) Whether the assessee will be entitled to benefit of higher income limit being a senior citizen?

3) Whether benefit of 80C is available?

4) Is the income of NRI assessable at special rate or flat rate?

IF CUSTOMER PAYS ADVERTISEMENT EXP ON BEHALF OF US THEN WHAT SHOULD BE THE TDS TREATMENT FOR THAT ADVERTISEMENT EXP IN OUR BOOKS?

hi friends i m in CA final

can any one tell me the procedure in detail
how we can convert the black money into white money
plz friends
if u know

u can also mail the rply on sumitarora.7777@gmail.com

bye
have a good day

Hi,

1.How to identify an expenditure to be called as Capital or revenue expenditure?

2.I want to know the Accounting Treatment for Capital expenditure (in respect of a Product (Software)which is still not yet completed or other words, which is in Development stage as on March 31, 2009)and revenue expenditure in the books of accounts.

Thanks,

Gurmeet

hi friends can u tell me one thing

query - i know we can avail service tax credit on mobile phones

only if the bill in the name of the company than u r allowed to take the credit

but some times i found that bill is not in the name of the company but it is on the address of the company & on the name of the employee of the company
so whether se can avail service tax credit on that also

if yes
then , whether we r allowed to service tax credit on the address of the registered office of the company or any other address of the company ( in which the company operates )
i.e if we have registered office at one place & there r two other places whether the company provides the services
& if the bill is on the address of any office ( i e registered or any other office ) then we can claim the credit or not

Hi,

I want to know the Tax Rates applicable on the Foreign Transactions.

Thanks,

Gurmeet