Hello.There is an example one person earns net taxable salary of 1025810, which is liable for 10 % surcharge. I have calulated his total tax liability as :
tax on 1025810 212743
+10% sur 21274
+edu cess 3% 7021

Totaltaxliability will be 241038.

I want to know whether it is right or not & is there some relief in surcharge or there is some term called as marginal surcharge.

Hello. one of my frnd earns net taxable salary of 1025810, which is liable for 10 % surcharge. I have calulated his total tax liability as :
tax on 1025810 212743
+10% sur 21274
+edu cess 3% 7021

Totaltaxliability will be 241038.

I want to know whether it is right or not & is there some relief in surcharge or marginal surcharge.

What is share application money. I am seeing share application money remaining on company's balance sheets for years. Why?

dear all,
piz tell me whether software should be cpitalize or not

Dear Sir,
I have purcased New BMW model 320D LCI of Rs.3684298/- on 14.2.2009 please advoice us to What is The depreciation amt for Financial Year 2008-09

Thanking your an anticipation
Basavaraj
Email Id -B.nalwar@amplifymind.com

Whether the november exams will be postponed to december? kindly let us know

Assessee has invested money in one of the schemes of Mutual Fund which was not eligible Investment U/s.80C. He invested such money in year 2007-2008. Now, in current year i.e.2008-2009, he switched over his invested money in other scheme which is eligible for deduction U/s.80C. Can he claim the deduction for the year 2008-09?

Dear Sir,
I am working in M/s.SOUTHERN BATTERIES PVT.LTD, as an Excise Exedutive since seven years. Last week (14.02.09) our I.A.P.Audit was conducted and was over on 18.02.09. I have taken CREDIT of Service Tax against Effluent Treatment.But audit party objected against the credit and also send us a SHOW CAUSE NOTICE.
Now I would like to know wheather cenvat credit credit of effluent treatment is elegible or not.
Now I would like to inform you what is effluent treatment.We product Tubular Batteries. After making negative plates we formated the plates other wise it will not work. While formation process is going on that time we do electrolysis with water and Acid.After formation completed we make treatement the acid mixed water so that the water become normal water and again we can not use the water but throw out side. All this process is done by other Co. This work we call effluent Treatment.
Hence I request you kindly let me know wheather this credit can we take or not.
Thanking you,
Yours faithfully,
Ramgopal Dutta,
for SOUTHERN BATTERIES PVT.LTD
BANGALORE.

Dear Sir,
I am working in M/s.SOUTHERN BATTERIES PVT.LTD, as an Excise Exedutive since seven years. Last week (14.02.09) our I.A.P.Audit was conducted and was over on 18.02.09. I have taken CREDIT of Service Tax against Effluent Treatment.But aidot party objected against the credit and also send us a SHOW CAUSE NOTICE.
Now I would like to know wheather cenvat credit credit of effluent treatment is elegible or not.
Now I would like to inform you what is effluent treatment.We product Tubular Batteries. After making negative plates we formated the plates other wise it will not work. While formation process is going on that time we do electrolysis with water and Acid.After formation completed we make treatement the acid mixed water so that the water become normal water and again we can not use the water but throw out side. All this process is done by other Co. This work we call effluent Treatment.
Hence I request you kindly let me know wheather this credit can we take or not.
Thanking you,
Yours faithfully,
Ramgopal Dutta,
for SOUTHERN BATTERIES PVT.LTD
BANGALORE.

Dear Sir,
I am working in M/s.SOUTHERN BATTERIES PVT.LTD, as an Excise Exedutive since seven years. Last week (14.02.09) our I.A.P.Audit was conducted and was over on 18.02.09. I have taken CREDIT of Service Tax against Effluent Treatment.But aidot party objected against the credit and also send us a SHOW CAUSE NOTICE.
Now I would like to know wheather cenvat credit credit of effluent treatment is elegible or not.
Now I would like to inform you what is effluent treatment.We product Tubular Batteries. After making negative plates we formated the plates other wise it will not work. While formation process is going on that time we do electrolysis with water and Acid.After formation completed we make treatement the acid mixed water so that the water become normal water and again we can not use the water but throw out side. All this process is done by other Co. This work we call effluent Treatment.
Hence I request you kindly let me know wheather this credit can we take or not.
Thanking you,
Yours faithfully,
Ramgopal Dutta,
for SOUTHERN BATTERIES PVT.LTD
BANGALORE.