Hi,

A company imports some Raw material say for Rs 1cr and pays 5lk as freight and other incidental expenses. Now, at the year end say 40% percent of this R/M lies unused. Firstly, i would like to ask that how the freight exp be shown in books? Shd it be debited to Purchase a/c or be it debited to Carriage Inward A/c? Now, How the closing stock of Raw Material be valued.? Shd the proportionate freigh cost be also added in actual cost or what?

Dear Sir,
I would like to know wat are the details and scope of Due diligence and what kind of work experience as well as knowledge is required for doing such a work plz sir do help by replying on my e- mail address

If an article works above the limit of 35 hours then how much comensatoris he/she will be given??

and will the notification be in effect from now or from the date of Starting of training i.e. even a year before..
Thanks

in the newsletter of d month there is A line..
The facility of allowing flexible office hours stands withdrawn..

What does it mean..
Plz reply soon Thanks

Hi,

As per service tax rules, in case of goods transport service the service receiver(Consignor or consignee) is required to pay service tax on the transporters bill amt. Now, if a consignor pays transporters bill directly but recovers the amt from consignee, then who will be liable to pay service tax on the service charges?

IF AN INDIVIDUAL IS EXPORTING 100% OF ITS PURCHASES TO OTHER COUNTRY AND IS DEALING IN GENERAL COMMODITY, THEN IS ANY TAX BENEFIT AVIALABLE TO HIM UNDER INCOME TAX ACT. IF YES THEN PLEASE TELL ME ITS URGENT
THE INDIVIDUAL IS A TRADER I.E. HE IS BUYING TO EXPORT .

THANKS & REGARDS
SAURABH AGGARWAL

A company purchases an asset in one financial year say in Dec 07 for Rs 1 lakh but returns it to vendor in next financial yr say July 08 for Rs 95000 due to poor quality. How it should have calculated depriciation in both yrs and how shd it treat the VAT input credit it has taken while purchasing the asset?

Is construction of stadium to host international games liable to service tax? Is it not coming under the definition of infrastructure?

Hello Sir

I want to ask that CA degree is still a prestigious because in your clubindia site i found many CA pass students searching for jobs and they were not been selected in campus interview as well as in big companies .Will these problem will prevail in future also .We are totally demotivated and feeling insecured
Please guide us

Dear Sir
What is the difference between Cash flow statement and cash budget and cash flow statement and fund flow statement?