Dear Madam/Sir

An individual owning a property enters into a joint venture with a company to demolish the existing property and construct the residential flats on it for sale to the common public.

Is AS-7 applicable to the company.

Regards,
Jyoti

managing director has purchased a vehicle on his name . while company is paying insurance on it and also taking depriciation. Vehicle is used for the purpose of companys business.
Is is a allowable expense of company.

A company has appointed C&F agent for the custom formalities. An CF agent is incurring certain expenses on the behalf of the company which are reimbursed by the Company. Vouchers of all these expenses on the name of Company itself. Whether company can take service tax included in such vouchers, if origingal payment is made by CF agent and reimbursed by Company.

What is the difference between manufacturer and a excise dealer. How the excise dealer operates.

Thanks in advance.

Suppose if a land held as stock in trade was subsequently sold as capital asset. Then please let me know the tax implication of the same. Thank you...

our client gets his vouchers, visting cards, registers for specific purpose, etc printed from a printing press.The printing press owner uses its own papers and other material in addition to the printing work. Now my ques is wheather we deduct TDS on such type of work under sec 194(c)of income tax act or not. Also some body had told me that when the person (refer to printing press above) delivers the goods as per our specification than the work done as per our specification is not leads to deduction of TDS.

If Cenvet CRedit is taken on an Item under Capital goods head..Is it necessary that the said item should also be treated as Capital goods in Accounts despite the fact that the said is an Stock item & not a Fixed Assets.
Plse clarify...

respected sir,
x ltd purchased good from y ltd ex-mill freight was to be paid by the x ltd ie purchasing party freight bill amt rs 30000 out of which x ltd got rs 6000 as discount so on which amount tds is to be deducted whether it is deducted on the gross amt ie rs 30000 or on net amt ie rs 24000 plese explain

What are the pre requisits to comply with AS 9 in case of sale of goods?

I mean what are the things we should have, to book sale in books to comply with as 9?

A company paid a bill of Rs. 5 lacs + service tax and book the 5 lac as expenses and service tax amount as input credit. During the FY company couldn't utilise the input credit. Is the debit balance of Input credit ledger allowable expenses in Income tax act?