Hi Friends
I am CA Finalist appearing in June09 exam. I am looking for Account notes specially of Holding company and Capital Employed notes. If you have kindly forward the same at guptarajiv17@yahoo.co.uk

Thanks

our main product is pig iron and skull also we are generating many type of auxelry like chips, goli etc and our by product is granulated slag and ungranulated slag.

mention here with product description for your reference :

Pig iron : Primary form of iron (CI) manufacturing by using iron ore and other fluxes with lam coke
Skull : Subsequent material of iron generating during pouring of liquidmetal in to the pig casing machine
Auxiliary : Generating from stock yard by magnetic separation and screening
Slag : Remaining material after recovered iron contain from raw materials


we would like to get opinion form you that theTCS collection is applicable for sales of above products or not, if it is applicable then please provide us rate of collection as we can charged the same in our invoices.

if a service provider who was not liable for service tax in P.Y. has issued bill for 10 lacs and last bill was made with service tax amount.During the year receipt was below 10 lacs hence not liable for service tax. but now my question is--
1. whether he is liable for service tax for that last bill which was realised in next year.( without crossing limit of Rs 10 lac)in the year of receipt.
2.Whether in next year he has to issue all bill including service tax .

What is Curent Rate of TDS For Corporate

a. Payment Of Contractor

B. Payment Of Professional Charges

c. payment of rent

One of my client purchase Truck & he paid VAT on it his daily business is supply of soil to construction sites he charge 4%vat on it as a output tax his other purchase is URD My Main Question is


1. Whether he claim the input tax credit of VAT paid on Truck Purchase

2. if yes then how ?

3. if not then please provide refrance of act mention in Maharastra VAT


its urgent for me

Please suggest the books for the theoritical subjects
If u have notes please send me at my email id
ca.deepakaggarwal@gmail.com and ca.deepakaggarwal@yahoo.com

1)Auditing
2)Coprate laws
3)MICS

i need them its urgent

Deepak Aggarwal

What if an entity purcahsed Aseets in bulk like 10 mobiles each individually costs Rs 4000 or below 5000 , then total cost of 10mobiles will be capiatalised or asset will individually capitalised


Suggest

WE ARE NOT VAT REGISTERED BUT WE HAVE SALES TAX NO. OUR CREDITOR CHARGES US VAT @ 4% ON ELECTRONIC HARDWARE & COMPUTER ACCESSORIES GOODS.

WE PASS FOLLOWING ENTRY IN BOOK OF ACCOUNTS :

ELECTRONIC HARDWARE ITMS A/C DR. XXX
TO SUNDRY CREDITORS A/C XXX

SUNDRY CREDITORS A/C DR. XXX
TO BANK A/C XXX

IS IT RIGHT PRACTICE??

CAN WE HAVE VAT CREDIT??

PLEASE SUGGEST.

Dear Sir,

Can I claim penalty & fines paid to the Govt.Authorities other than I.T.Dept as an expenses if yes upto what extent and also we had paid huge amount of penalty on behalf of our customer which will be reimbursed by oure customer later on pls tell me the accounting entries for the same.

WHAT ARE THE PROCEDURE TO APPOINTMENT A NEW DIRECTOR IN A COMPANY. AND WHATS NEEDS TO BE DONE IN ROC.