sir my client is IOCL mathura refinery, they are not capitalising RO plant as a single plant & machinery. they are capitalising it in sub parts saying that all its components are seperately identifiable. Is it a right accounting treatment?

Dear Sirs

What is the correct status on trade rebate, turnover discounts received from a distributor by a dealer is treated? Will it attract service tax payable by the dealer?
Also the dealer gets performance bonuses like free foreign trips based on his purchase targets - how this incentive/gift etc is treated under tax laws ? will it also attract a value as income and service tax and income tax payable on them, pl clarify

I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?

Please replay me as soon as possible

I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?

Please replay me as soon as possible

Hello sir,
I am a C.A finalist who has cleared the 1st group and am to appear for the second in the upcoming June exams,
(1) I would like to know that if i had to per sue any other course along with C.A which one should it be MBA or CS, and should I get registered right now so as to avoid the time span for the first exams of such course.

(2)If not from the above 2 courses,than which course according to u should I per sue and where can i get the details of such course.

I would be completing my articleship in Oct.2009.Pls do reply keeping the above factor in view.
Hoping for a reply.

Thanking u
regards

Dear Sir,

I want to ask a question that we pay GTA (Good Transport Service) @ 3.09%.

I am confuse that what will be entry in this matter for example :

We redeive a bill of 1,00,000/- of Goods Transport Service by Road and We pay Service Tax on this 3.09% AFter abatement. Please tell me where I put this expense ( which ledger )

Thanking You

Sunil Kumar Bindal
E-Mail : sunil_kumar10520@yahoo.com

I WANT TO KNOW THAT IN A PVT COMPANY THERE IS REQUIREMENT TWO DIRECTORS ARE NRI OR THERE IS COMPLUSION ONE INDIAN DIRECTOR IS INDIAN

how much maximum PF can be deducted from a salary or how much maximum basic salary could be given to a person to deduct the maximum PF?

Dear Sir,

How works Form 403 ?
What is the Purpose behind using this form ?


Thanks

Vijay

I am Indian citizen living in delhi. I am working for a company based in United states of
America. They don’t have any office in India. I am receiving salary through wire transfer in my HDFC account my salary is around $950/-, which is automatically converted to rupees when it comes to my bank account .as the company not based in India they have not giving me any salary breakup I have just one employment agreement from them which states I am working for them.
Am I eligible to file tax as per Indian income tax rules if yes then how ?

thankyou
Ravinder