If a person, unregistered dealer, makes a sale by raising taxable invoice bearing wrong TIN saying that he is registered dealer. Can a purchaser avail set-off where purchaser does not know that seller is unregistered dealer?

Dear experts,

we have purchased a notice board amount Rs.600/- for office now i am feeling some confusion about its cost category nature its part of Printing & Stationery or Office Exp or anything else ???


Thanks

CAN ANY ONE GIVE ME THE FORMAT REQUIRED FOR NBFC COMPANIES FOR NOT ACCEPTING DEPOSITS

DO I HAVE TO PASS THE RESOLUTION EACH YEAR FOR NOT ACCEPTING DEPOSIT ON ONLY ONE TIME

sumit

Sir, I want to know the detail accounting entries which we will made for bill discounting made on sales with bank at each stage such as 1) sales made, 2)Bill discounted with bank 3) then Receipt of money from party in bank . Also tell me any internal control procedure which company will adopt for bill discounting , their interest etc. or any web site available for detail information

I want to know where is deemed dividend is considered. & what points covered under section 2(22)

WHEATHER INTEREST ON I T REFUND IS TAXABLE ? PLEASE REPLY

I want a complete Cost Benefit Analysis (including compliances required in their respective laws applicable on it) for decision making whether i should register our non-profit making organisation (foundation) as Society or as trust or incorporate as sec 25 company..

(Please, also tell me about tax implication in all these three options)

mail me at : aadarshg@rediffmail.com

Hello Sir,
We are the newly established Construction
Private Limited.

Do we require to register for Service Tax?
In which cases, service tax will be applicable to us?

thank
Bhargav

Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.

Point No. 78

Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :

such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.

Point No. 87

Salary paid to driver of a motor car :
is a vehicle running & maint exp.
------------------------------------------
CLARIFICATION Received
___________________________________________

When there is reimbursement of conveyance expenses then it is clear that the vehicle is not owned by the employer. So here is salary paid to driver by the employee.

On the other hand "Salary paid to the driver of a motor car - is a vehicle running & maintt. expenses" means that vehicle is owned by the employer and driver is also his employee.
===========================================
Supplementary question ?
===========================================

In our case, the vehicle is owned by the employer & employee is using it for office purposes.

Employee is using his personal driver for this & claiming reimbursement from the employer for the driver's salary.

Now tell me how should i take it.

Thanks & Regards,

Subhash Jha

If an assessee has sold two residential flats (adjacent - used as one unit) and invested the sale proceeds towards purchase of two new residential flats (not adjacent), can the assessee claim expemtion u/s 54, in respect of investment in both the new flats?

Thanks & Regards,
NIki