whatis deffered tax liability? how it is calculated practically?

Hi,
Webought few Machines with opening balance of 500,000/- (50% of 10,00,000/-) in cenvet credit in first year. Have adjusted only 40,000/-by changing service tax on income generated from service rendered to different parties by these machine. In second years we added balance 50% i.e; 500,000/- with avalable total balance of (500,000-40,000)+500,000=9,60,000/-.In second year have total service tax liablity is 10,00,000/-.My query as below
1.Can we adjust total of 9,60,000/- in second year from 10,00,000/- from service tax which is earned from using these machine.
2. If we want to sale those maching what will hapen to avalable balance amount of PLA.
3. What will be the saling value of those machine if we want to sale those in start of second year.

sir,
my surname is wrongly misspelt in register of members i.e, in the letter sent to me . To correct this mistake , what i have to do , please guide me in this regard.

Thanking You.

hii i m ashima. i m going to appear 4 my pcc exams in may 2010 and dont know where to keep tutions and of what subjects. i m stayin in chandigarh. i m in a great dilemma. plssssssssssssss help

are sharma sir's vedio conference batches as good as his face2face batch. . .
How are Praveen Jindal classes. . .as compared to sharma sir's

Hello,
The query is in relation to tax treatment of keyman policy,as we have taken a keyman insurance policy (where the keyman is our Director of company), we have already paid all the premiums of the policy and the policy is due to maturity in the financial year 2012-13, I want to know as to wheather we can now assign the policy on surrender value in the name of our director and if we can do so the tax treatment in the hands of director and company.

Dear All,

Kindly solve this query.
Stipend which we get during our Articleship period is taxable under the Income Tax Act or not?

Regards,
Pramod.

Hi all,

Cany any one please provide me last minute revision notes for the PCE Grp 1 exam. I am giving my attempt in June 2009

Thanks
Vivek

Can any one suggest me how to prepare for Indirect Tax and Direct Tax (Final Old) Course...for Jun 2009 If there is notes, Kindly share such files.

I have a lot a confusion regarding the Dupont Chart. A detailed explaination as regards our PCC syllabus will be really helpful. . .waiting 4 an earliest rply. . .