Dear Frnds,My client had some goods in stock.while they purchased them VAT credit availed.but after some month in same year they converted them into Assets for company use.so plz do give me what entry to be passed with what amount and also treatment of VAT credit already availed.thanx in advance

Dear Frnds,
I do like to ask that a director of a company owns a car on his personal name he uses that car for purpose of company.he like to reimburse the expences of car.what formalities he has to do with company..and also is he eligible to do so
thanx

The assesee is a salaried employee. Changed address due to job transfer.
Bought car under a loan scheme. AO called for info under AIR. Notice couldn't be delivered & served . AO passes order u/s 144.

What should be primr ground of Appeal? & What kind of order is expected from CIT(A) ? In case remanded to AO can he open the complete assessment proceeding or will be restriced to AIR info on basis of which order has been passed.

PVT LTD COMPANY SOLD DEPRECIABLE ASSET-RESIDENTIAL BUILDING

NOW PURCHASING RESIDENTIAL BUILDING WITH LAND AT COMPOSITE VALUE.

BUILDING IS GROUND FLOOR+1ST FLOOR PLUS SOME LAND APPURTENANT.

WILL FULL VALUE OF PURCHASE BE ADMISSABLE AS DEDUCTION UNDER SECTION 50 OR ITO OFFICER CAN DEMAND THAT VALUE SHOULD BE BIFURCATED BETWEEN LAND AND BUILDING.

ANY CASE LAWS ON THIS

THANKING YOU
BST REGDS
MAHESH

Hellow... friends..

1. what is the limit for excise registration?

2. is there any saparate limit for SSI?

3. if i take registration on 1/4/09 can i take input on before 1/4/09 purchases? (only 1 type of product is manufacturing)

4. if iam having registration but not raising excise invoice up to my turnover is not reaching 1.5 creore. is it right?

regards.

venkatesh. b

A building contractor take a contract with material then he is liable to pay service tax and VAT.
Now my query is can he claim input credit of VAT in work contract tax and Excise paid on material in Service tax.
Coz, when he purchase bills are charged with excise and vat. so my query is whether he can take set off vat against vat and excise duty against service tax.

Tanmay & Ritesh

can a single challan be paid for interest part only, at the end of the financial year, for a party in respect of whom no interest has been deducted for belated payment for more than one month during a financial year. If it can be paid so how to show in etds return can someone clarify?



thank u in advance

Hi

Can anyone send me format of internal audit report for processes review audit.

Whether TDS is applicable, if assessee is supplying a cartons (raw material)i.e. material supply, as per my view it is not cover u/s Sec 194C.

Is their is any notification on the same or any Case Law that TDS on Material Supply is not applicable?

hello,
i have a query, pls help me with it.
I have LTCG of Rs.2 lakhs (after indexation)from sale of shares of an unlisted company. I have also meanwhile sold physical shares of a listed company through direct sale to my cousin, i the process acuiring a loss (due to indexation) of Rs1.5 lakhs; this transaction has obviously not suffered STT but is of a stock that is listed but not compulsorily demated. I want to know:
1. If this loss is adjustable against the first gain, if so any sections that confirm this,
2. LTCG is exempt for all transactions of shares that are listed in a stock exchange or only on those transactions of such shares which have been undertaken through the stock exchange and suffered STT.

Please advice.
Regards