purchases of f.yr.08-09 is exceeding rs.40 lakh then vat audit is applicable .
please tell me who will do vat audit and what are the legal provisions that are attached to it and what points must be kept in mind now.

Please tell me the excise duty rate as on 1.04.08 and in interim budget exicise duty rate was changed and what is the Revised Rate and revised rate is applicable to Manufacturing Org from which Date?

hello i want to know that is it compulsory to learn thoery with written practise????
pls help me.

HI,

I AM HAVING A HOME LOAN SINCE 2003 FOR A FLAT WHERE I CURRENTLY RESIDE. THE LOAN IS IN MY NAME AND I CLAIM TAX REBATE OF INTEREST FOR THE SAME.

IN 2008 I HAVE STARTED BUILDING A HOUSE AND AGAIN A FRESH HOME LOAN WAS TAKEN IN MY NAME. CURRENTLY I AM PAYING TWO HOME LOAN EMIS BUT MY EMPLOYER IS NOT GIVING ME CLEAR IDEA HOW I CAN CLAIM TAX BENIFIT ON BOTH THE LOANS.

SOMEBODY PLS. ADVISE.

A residential house property consisting of 4 floors is to be transferred. The building is to demolished and reconstructed consisting of 5 floors. the basement,ground and1st floor(60%) will remain with the transferror and 2nd and 3rd floor(40%) will be with the transferree. The construction is being done by the transferree on the behalf of transferror. Out of the total consideration, 85 lacs has been given as advance in the asstt. year 2009-10 and balance 17 lacs will be received in asstt. year 2010-11 and the value of 60% of the property being constructed is estimated to be 45 lacs which will be spent by transferree in asstt. year 2010-11. The property has not yet been tranferred in the name of transferree. In which asstt. year is the capital gain taxable?

We are a company in Aviation field.
Q. First we hire private chartered planes and further give them on hiring.

Will service tax is applicable on this service?
I am waiting for your reply.

Thanks & regards

Mukesh Kumar
Accountant
Delhi

whether an individual can claim deduction of tution fees paid to institution for his own education

Hi all
I want to know that if i avail the professional service or any contract in outside india then will we have to deduct TDS ?
I think that no one know about TDS and they demand for full payment.
What should i do ?
I am waiting for your reply.

Thanks in advance
Mukesh Kumar
Accountant
Delhi

Dear Sir,

we have booked the Purchase bill of vendor and after two months we have come to known that we dont need to pay the amount to the vendor because of defect in the material my question is that at the time of booking the bill we taken the input vat credit and accordingly we have taken the set off now we want to write off the balance amount of vendor The input vat credit taken is also need to be reversed on account of balance written off

Regards

Ravi Konda

IF ASSESSEE HAS RECEIVED BONUS SHARE FROM COMPANY WHICH A/C HE SHOULD CREDIT.