Hi,

Plz let me know that can a Leather Manufacturing company having Factory at ground floor & office at first floor take VAT input credit during following purchases:

a)Vat paid on Purchase of steel & iron for consturction of factory.
b) Vat paid on purchase of cement & other building material for construction.
c) Vat paid on purchase of Air Conditioner for Factory/Office.
d) Vat paid on purchase of wood & plywood for construction of Almirah in the office.

Thanks in advance.

sir we have deducted t d s on contractors, professionals and salary but for the period 1.6.8 to 31.3.8 at each month but not paid till the end of march. and if tds paid up to 31.5.8 then expenditure will be allowed or not

We are deducting TDS from payments.
How to file E TDS Return f y 0809
Where to file it.

Respected All,

I earned salary and also provide service other than employer.

then which ITR return is applicable for me?

and is efilling manedory for me?

Sir,

Can u pls tell me , suppose if i purchase an agricultural produce/residue from farmer to use in power plant biomass, is the farmer required to pay vat on such sale.OR If i purchase from a company such agri residue, is that company required to pay vat if so at what rate.

Pls clarify i am an accountant in power plant.

the Fixed Asset purchased by Cash the amount which is more than Rs. 20000 and the depreciation of that asset is allowed or not

My query : TDS is deducted on which amount :
Example : Gross Amount : 25000 + service tax10.30% - 2575 = total amount : 27575/-

So on which TDS is deducted on 25000/- or 27575/-

In last year we r deducted TDS on Gross amount excluding service tax.

Service tax is not considered in case of Rent – is it true?

If TDS is deducted on total amount & we deducted TDS on Gross amount, what is the procedure to rectify the error.

will any body tell me that which book for income tax is better which is advanced and contain every point in detail and which will be useful in practise much.

Hello All,

Sorry to put this query in Income Tax category, as this category is popular.

I have COP issued to me in Apr-09. Also i am engage in employment. My query is

1. Can i take tax audit assignments?
2. Can i be a auditor of company?
3. Can i be a partner of CA firm?

Please reply fast, its urgent for me.

Is there any requirement to deduct tax at source on frieght (which is showed on the invoice)while purchasing the goods.
Please explain all possible situations in which TDS is required.
like:

1.Purchase price include frieght(not shown seperately on invoice
2.seperately shown on invoice

Whether is it required the seller and transporter be the same to deduct tax.
If not same on which amount the TDS is required.(ie is on transporter bill attached to invoice; or on the amount mentioned on invoice as frieght.)