I have SSi where i manufacture marble slabs.this year turnover cross the limit of 1.5 crores,so liable to pay excise duty.Jobwork is also done in the marble unit i.e. marble blocks of others SSI's are converted into marble slabs.Whether I am liable to pay excise duty or liable tio pay service tax on this jobwork done in the unit?

If we purchase the car what the expenses should be capitalized what are to be treated as allowable expenses from Income Tax point of view?

1. Car Basic Cost
2. Taxes on Basic cost of Car
3. RTO Exp
4. Insurance
5. AMC
6. Road Tax
7. Registration charges
8. File charges for loan sanction
9. interest on car loan
10. Octroi & taxes
11. VIP Number Charges
12. Accessories

Mr.A Exported Goods to US at 1500$ as invoice value. He made Forward Contract for 1500$ @ Rs.40 Per Dollar. Mr.A Discout that Bill with bank. But the Bill Realised only for 1400$. In this case bank recover loss of 100$ short realisation from Mr.A in what Exchange rate ?

We are giving our employees Medical Reimbrsement up to Rs. 15000/-, which is exempt in the hands of our employees.
But we have to pay FBT on the same. If we pay Rs. 15001/-, then we dont have to pay FBT on the same & Re. 1/- will be taxable in the hands of employees as salary.
Am i right?

Sir I want to Know Whether Gift in cash given by son in law to mother in law and Brother in law will be taxable or not?

One NRI working in our company on salary. Our comapny is an Indian comapny. Are we liable to deduct tax from his salary? he is working on Permanent & full time basis.

Dear Sir
I am working As accountant in company i have dought in the 7th oct month our company had issued a ch for amt of 100000 in the name of x , but in this 50000 gone to y A/c on 10th Oct after clearfiying again y had deposited 50000 on 15th and payment made to x in the month of nov How to take this entry in tally shall i put jurnol in bank account plz help me urgent

Dear sir,
i am working in a non profit organisation as a accountant actually we receive grant from govt and we have to relese to talukas . i am maintaining in tally so i have taken in as direct income which grant recive and what i relese to taluk taken in current assets as advance is it correct when i get utlization certificate from talukas i will pass the jouranl entry to indirect exp ... i have to preapre only Receipt & Payment thats all so plz help

I AM RUNNING A COUNTRY LIQUOR SHOP SINCE DEC 2007.

IN CURRENT FINANCIAL YEAR I CROSSED RS. 500000 LIMIT SO I TAKE REGISTRATION IN CURRENT YEAR.

BUT IN LAST YEAR I DID NOT TAKE REG. AS I AM BELOW LIMIT.

SO NOW QUESTION IS WHETHER I HAVE TO AUDIT UNDER MVAT FOR THE LAST YEAR ALSO EVEN THOUGH I AM NOT DEALER.

in case employer not chargeable under fbt,is he required to require to collect the same from his employee