We want to import parts and components of computer motherboard and assemble in India. Please tell whether in this case assembling amounts to manufacture under excise law. if yes how much is the excise duty is leviable and the procedure for this. Also tell how much custom duty is payable for importing the motherboard parts and components.if we sell the finished product, i.e. motherboard to clients in bangalore how much vat will be charged.

The concern i work is into trading of goods which are partly sent on consignment to different cities in india & partly local sales.

We are using tally 9. I want to learn journal entries of consignment sales using tally.

I request the members of this club to provide me with journal entries using tally along with ledger creation ( groups under which accounts like consignmen a/cs to be taken).

I also want the sales tax treatment of consignment sales.

I referred to b.s.raman & shukla & grewal text books but couldn't do the entries in Tally.

please kindly provide me a solution.

Q1] If an assessee files a return after due date (Belated u/s 139(4))and forgets to include:

1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund

in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?

Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?

Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?

Please help me....

wil General knowledge questions wil be asked in interview.....
if so can any anyone please say me on what questions will be asked....

What is tax liability?
How it is known?

Hello plz help me out In my office seniors have responsibility to teach us about different works but our senior office 1st doesnt gives full knowledge & then blames us saying we have done wrong & also says that its sirs fault that he didnt gave u full knowledge . Even she always speaks about " i m that i m that" here i means she herself.What to do. She even says wrong complains abiut juniors to sir. I m fedd up now .i cant get transfer also from articleship. Also i m alone junior in our office so cant make up to go to sir to complain.
What shld i do.

Plz. answer the following:-

1)What is the full form of GIR which is replaced by PAN these days?
2)What is ECO-RETURN?

I hve to prepare 4 my PCC exams (Nov. 2009)attempt . As my Articleship is continued 10.00 - 6.00 , i am not able give appropriate time to my studies.Kindly plz suggest me some tips for my studies. And when should i take leave from office.

1) Please throw some light on Works Contract in Sales Tax .
2) A Sub-contractor is in the Composition Scheme and pays VAT @ 5%. The Main contractor deducts 2% TDS from the payment to be made to the Sub-contractor. Is there any form in Sales tax for non deduction of TDS?

Plz. tell me the treatment of unrealised rent u/s 25AA.

when we receive any amount from recovery of unrealised rent which was allowed deduction in P/Y 2004-2005.

then what will be his treatment for the assessment year 2009-2010.

wheather we allowed standard deduction from it.