These days internet services are also provided through Data Cards which contains a mobile sim number inside. It is considered a perfect substitute of normal dial up modems as its speed is equivalent to it and can be taken to anywhere.

My query is whether expenditure incurred for accessing internet through data cards is chargeable to FBT or not. And if not then why??

we are a dealer in Delhi. We have accumulated input vat credit and the same is adjusted against cst liability as more than 99% of our sales are inter-state. My query is whether the input tax credit can be utilized to discharge the liability arising out of non submission of Form c by our customers? The liability includes additional CST,INTEREST AND PENALTY THEREOF

I have purchased a plot of land in the year 1996 for an amount of Rs. 5,00,000/- and spent Rs. 1,00,000/- on stamp duty. Now I intend to sell the same plot of land for Rs. 40,00,000/-.
My query is that how much I have to pay as capital gain tax.
what will the exact capital gain on which i have to pay tax or how much i have to invest in any type of bond to save capital gain tax.

the client showingthe the cash discount on the face of invoice nad book the sales with gross amount ,


whether it is subject to cst





















and can be regarded as trade discount

Dear All,

Wish you a very Happy Makarsankranti!!!

I have a small query-

How many accounting standards are there presently? Has Environmental accounting Standard got introduced? Is it 31 or 32?

How many IFRS are there- is it 34?

Can you provide some link for IFRS and Accounting Standards go through?

Regards,

Amit Deokule

We are a lessee are having the following Clause in our lease agreement, the agreement was entered before service tax became applicable on rent;

"That the payment of rent as provide herein shall be subject to tax deducted at source as per the Income Tax Act, 1961 and rules framed there under and any other applicable laws as amended from time to time. Any Fresh taxes/additional levies imposed in respect to the rent payable shall be deducted as and when they become applicable."

Given the above clause, we as a Lessee are liable for service tax payment. Please advice.

A DEALER HAS IMPORT THE CEMENT FROM OUT OF INDIA AND MADE DOCUMENT SALE ( HIGH-SEAS SALE ) TO ANOTHER DEALER, CUSTOME ALSO CLEAR ON 2ND PARTY NAME. WILL THE DEALER LIABLE TO GET REGISTRATION OF SERVICE TAX OR SHOULD DEDUCT THE SERVICE TAX AND WHICH RATE IF APPLICABLE ? ?

Can Bonus Equity Shares be Issued to
the Preference Shareholders??

If Y is in jobwork contract with X convertion of product.
As per contract Y convert product & direct dispatch to X customer from his location as per intimation from X.
Then Wht document Y need to prepare to dispatch along with material???
Can Y prepare bill/Delivery Challan on his name & Address???
or
Can Y prepare bill/Delivery Challan on X name & Address???

Dear All,
Can any body tell me what is the procedure to become an IAS officer.

Also tell me is it possible to pass the exam by a Average Student.

Regards