respected sir i have a case that i am doing audit of public ltd com whose business is of export of rice juar etc and i found some query that on purchased of rice freight is paid by that consignor but on the builty is is wriiten that service tax is paod by the consignee but company is not paying such type of tax whether it is right or not

Sir,
We are procuring some Excisable goods from manufacturer without paying the excise duty under Form CT1 for Export as a merchant exporter,Kindly clairify the ARE1 pink copy where to submitte in our(Exporter) Excise range office or manufacturer range office, as material directly despaching to port not in our premisses.

Thanks/Regards
Anil Gupta

Sir,
We are procuring some Excisable goods from manufacturer without paying the excise duty under Form CT1 for Export as a merchant exporter,Kindly clairify the ARE1 pink copy where to submitte in our(Exporter) Excise range office or manufacturer range office, as material directly despaching to port not in our premisses.

Thanks/Regards
Anil Gupta

sir

our firm is a partner ship firm.the partners of the firm had paid chq for medicine required to them. should the transtion is tobe posted as expenses or to their capital ac

please say
capital partner dr
bank cr

We have raised a works contract invoice of Rs 10,00,000 included 50% material & 50%service. in this regards I would like to know the following?
1. Is service tax applicable on above transaction & what %?
2. If we paid Excise on full value of invoice i.e. Rs.10,00,000/- and not paid service tax will do?
3.We are subcontractor in this works contract and if main contractor pays the service tax on our behalf will do?

dear ,sir, madam,
can u please let me know the tax liability of a non resident who is of indian origin , working for an indian shipping company. the services are rendered outside india, he has not stayed in india for more than 125 days,but the salary is credited to his bank account in india in indian rupees
thank you

dear ,sir, madam,
can u please let me know the tax liability of a non resident who is of indian origin , working for an indian shipping company. the services are rendered outside india, he has not stayed in india for more than 125 days,but the salary is credited to his bank account in india in indian rupees
thank you

The Company is paying directly to organizers of seminar, for attending seminar by its employyes.
Whether the Company is liable to deduct TDS? If yes, under which head?

Condition : - The Industrial Undertaking must begin to manufacture or produce article or thing within the time limit January 7 ,2003 to March 31,2012.

In The Case of an EXISTING UNIT , SUBSTANTIAL EXPANSION SHOUD TAKE PLACE DURING THE TIME LIMIT January 7 ,2003 to March 31,2012

I am not clear regarding Existing Unit.

Is it unit which establish after January 7, 2003 is called existing unit or only establish before January 7, 2003 is called existing unit.

PLEASE GIVE ME REPLY AS EARLY AS POSSIBLE.

THANKS.

How to fill up ITR 5 - column 52 ( P/L A/c )...for firm opting for section 44AF....and having
gross turnover = Rs. 38,00,000 /=

net profit = 1,90,000 ( 5 % of 38,00,000/-)

remuneration - Rs.1,18,800
interest to partners - Rs.25,000
If we fill
gross receipts - 38,00,000
gross profit- @ 5% 1,90,000
Expenses:-(Remuneration+Int.) 1,43,800
Net Profit would come as 46,200...which is not 5 % of G.T.

How to fill up ...so as to reflect that the profit declared complies with the provisions of section 44AF and also the computational provisions of the I.T. Act?

Where to show remuneration & Interest which are deductible from N.P to get firms taxable Income....