Dear Sir,

We have paid transportation on purchase of raw material.

Tell me what is the exemption limit for payment of service tax.

My current freight payment is Rs. 975000

for service tax exemption limit 25% i.e.243750 count or full 975000/-

When do we need to make provision for gratuity in the books of accounts ?
- when the employee completes 5 yrs of service, then we need to provide in books of accounts OR
- when the employee joins the co & we start paying him mthly salary

Pl provide clarity on same ASAP
thanks in anticipation

hi
i have cleared PCC nov,2008.
In the Students news letter of Feb,09 Vice Presidents message states as " Some of the decisions helpful to the students taken during this year are year are: extension of PE-II examinations upto May 2009, removing the discrimination for final students to appear in the examination by enabling all the final students to appear during the last 6 months of their practical training."...

I started my articles in Feb07 and due for completion in Aug,2010 therby am i elegible to write final exams in May,2010..?? as per the earlier provisions I was elegible for final exams only after completion of Articles.

CAN ANYBODY PROVIDE ME THE CASE LAW OF CIT V ROBERTS MCLEAN & CO LTD (1978) 111 ITR 489 (CAL).

A contractee gives a contract to the Principal contractor. The Principal contractor delegates some part of the contract to the sub-contractor. The contractee deducts TDS on the payment made to the principal contractor. The principal contractor deducts TDS on the payment made to the sub-contractor. Here the Sub contractor pays VAT @ 5% under composition scheme. Whether he can claim refund of TDS from the main Contractor.
If yes, please provide the procedure for the same.

Dear Experts,
our copany has contract with a consultant for providing professional service to company. contract amount is Rs.10lacs now he is claiming reimbursment of travelling exp for site visit and as per contract company will be reimburment such exp.
travelling exp bill amount is Rs 15000/- should we deduct tax on its or not.

thanks
Ravinder

hi friends i am working in iron & steel co.i have one doubt that cenvat credt for jcb proclainer it taken or not . it is mainly used in our plant. pls clarify this matter.

thanking you.
mahender.
my email.id. manilalitha25@yahoo.co.in

Hello
I have qualified ca final exam and my article training will be completed on 20.03.2009.

is better to join residential programme or GMCS for me.

hi.

I want to know which are rbi norms to be followed in order to avail foreign loans (ECBs) by an indian company.Please also provide the RBI circular stating it..do reply fast , as its urgent...//


regards,
Tarin Shah

Hello, Please let me know what is the means of Manager under the companies Act? is this term include the Whole time Director also?