I am Currently engaged in the Audit of a Public limited Company. After Inspection of purchase vouchers, i have seen that old excise Rates @10%/14% are charged by A dealer even if invoice are Raised after Excise Rates are Reduced(24.02.2009) to 8%.
Dealer says that he has purchased these goods before 24th February 2009 therefore he has charged Excise @14%/10%.
In these Scenario Company are Paying excess Excise Duty.
Company can Claim Excess Excise Duty paid as CENVAT CREDIT but Working Capital Requirement of the Company is Increased.

Does the dealer response regarding Excess Ex. Duty is Correct. Please tell me Reasons in this Case.

Dear all I wanted detail imformation regarding income from House property

1. How its calculate
2. expmption
3. Muncipel tax application

etc

its very urgent for me please give reply

with 1 day


Regards

Amit Lipare

If an assessee has suffered loss under PGBP in the previous year 2006-07 and furnished the return with time u/s 139(1). But in the A/y 2008-09 he has filed the return after time limit u/s 139(1).
I. Income in the A/y 2008-09
II.Loss in the A/y 2008-09

Whether under each of the above cases he will have the benefit of carry forward and set off of loss sustained in the P/y 2006-07.

as per maharashtra sales tax for a businessman how long (upto which year) one should keep books of accounts say as on 31/3/09
1) Purchase bills
2) sales invoice
3) pur.,sale register and ledger
4) expense ledger, bills, vouchers
5) cheq,slip books, bank statements

as per income tax for a businessman how long (upto which year) one should keep books of accounts say as on 31/3/09
1) Purchase bills
2) sales invoice
3) pur.,sale register and ledger
4) expense ledger, bills, vouchers
5) cheq,slip books, bank statements

HELLO,
CAN ANY ONE TELL ME THE KEY POINTS THAT I KEEP UNDER CONSIDERATION WHILE PERFORMING EXPORT SALE VOUCHING.

i m in my second year of articleship.I have signed the 109 form by my principal he has put the date as 31.03.2009.I m going to another city for articleship as my brother with whom i was staying in delhi is being transferred out of delhi.so i m shifting to my home town because my mother is keeping ill.so will it create any problem for me.please advice me

A limited company has taken employer-employee insurance policy, they have not appointed any nominee for the policy, hence on maturity company will receive the maturity amount. what is the implication for the same in Income Tax and also for FBT?

If in the following years employer assign the policy to the employee than what will be the effect for the same in IT?

Thanks

Which AS deals with preoperative expenses?can anyone provide the guidance note on preoperative expenses issued by ICAI?

at which rate i am supposed to pay service tax on this 31st at 10% or 12%