Hi, what's the difference between depreciation and amortization? Please give me a detailed reply..

Thanks

anthony

Can anybody provide any article or important points on Cenvat Credit Rules

How can a party be penalized u/s 269SS.for ex if i borrow rs 100000 during 2003-04 F.Y and deposit it in my bank a/c and i utilize it only during the F.Y 2004-05.will the amount be attached u/s sec 269SS during the F.Y 2003-04 or F.Y 2004-05

Is it legally valid for a private limited company to accept the share application where the sum of such share application money and the paid up capital exceeds the authorised capital.
I think it is not legally valid. However I have seen many companies which have accepted share application money in excess of authorised capital of the company

Is Vat applies to Contract services?if applies what is procedure for calculation of vat when payment made to the contractor?

In salary tds we are accounting tds in last day of the month in provison but payment made in next month i.e 10th in this case tds payment date is whether the same month 7th or next month 7th?

I want to know the PRACTICAL procedure of voluntary liquidation of a pvt ltd co.as to what steps need to be taken. It would be better if anyone can provide me with a 'list of things to do' or a 'checklist' with comments.
Note : Please do not give theoretical views.

Respected Sir,
I have a query that if someone Gross Salary=300000

& That Person have a FD (5Year) of Rupees 100000, Mediclaim Policy 15000 & He also Submitting there education Loan and that Interest Amt is 40000.

So Can I Deduct
U/S 80 C = 100000
U/S 80 D = 15000
U/S 80 E = 40000
So Can i deduct Whole Deduction Amt 155000
Or Only 115000/-

HOW I MANAGE VAT, SALES PURCHASE IN TALLY 7.2

Hello All,
Can you please help me with your expert advice on the following? :
My company is installing a pipeline and related other plants & machineries for transportation of chemicals. Pipes have been purchased for the purpose and stored. The installation process has just started and operationalisation of the plant including the pieline will take at least one year.
After operationalisation service tax will be applicable transportation charge for "Transportation of goods through Pipelines".
Please advise me -
(1)whether CENVAT Credit for ED paid on pipes and other plants, Srvice Tax paid to Project Consultants and other service providers for implementation of the project will be available for adjustment against Service Tax Chargeable on Transportation Charge?
(2)If so, what records and in what format do I need to maintain to satisfy the central excise/service tax authorities to avail CENVAT credit?
(3)When should I claim the CENVAT credit and what is the procedure for the same?
(4)How should I treat the ED and Ser. Tax paid during construction activities in my books of accounts for claiming and utilisation of CENVAT credit? Can you please suggest me appropriate entries in the books of accounts?
It will be a great help.

Thanks & regards,

Aditya