what are the documents should be audited in case of import purchase.
when should the purchase be booked?

also if there is an agent for clearing good?

can capital reserves be utilised for the purpose of issue of bonus shares, given that the capital reserves are insufficient to meet the need of the entire issue.
Thus should the capital reserves be first exhausted and then the accumulated profits be used.

sir iam having a construction company in karnataka . i have an own land and i have started construction on my own with out giving any contracts.we have constructed more than 12 units.weather any service tax is applicable.and also i heard that builders have different categories to pay the service tax can you give me brief about the following im waiting for your valuable suggestion

Dear Members,


Payment made to TNT India Pvt Ltd Rs. 84592/- . The Bill shows the following details i.e. Rs.83092/- towards duty amount and bal towards handling charges.

whether TDS should be deducted on the above amount of Rs.83092/-

Thanks in advance

Tejashwini

Referring to the previous query....Can the Tds deducted and remitted for the same party in April and May 08 be adjusted with the Tds to be remitted for the month Of March08???

Hey guys i have a problem, A client has not files his annual return since 1999, his is a pvt ltd company in maharashtra.

The problem we now face is that some of the audit report dates are of october which does not fulfill the criteria of having AGM withing 6 months ie september and its mandatory to approve the report in AGM..

Can come one help me with a solution? i need some help ASAP

I am manufacturing company. I make various import purchase during the year. and for that I have availed service of C & F Agent who provides me various service like pmt of dock charges , custom duty , CHA charges , transportation etc on my behalf and than he raised the 2 bills
1 ] 1st bill for his agency charges
2 ] 2nd bill for expenses incurred by him on our behalf

my question is can I take Service Tax Credit for the amount of service tax charges by various agency , payment of which is made by my C & f agent on our behalf.

Pl give me checklist & procedure & documents required for getting Service Tax credit as third party ledger is not in my books and service tax credit is available on payment basis.

A company was supposed to remit the TDS deducted on Rent(March Month) for the A.Y.2008-09.But the same was not Paid upto the date of IT return and was not disallowed in the tax audit report by the auditor by mistake.Can the same be adjusted with the Tds on rent remitted for the month of May 08 and the Difference amount payable can be paid now????

Question-1
Actual Consideration received Rs 100 lakhs,stamp duty paid for Rs 110 lakhs,full consideration deposited in CG A/c scheme. whether i have to pay tax on difference between RS 100 Lakhs and 110 lakhs.

Question-2

Nearest to the above land for same area stamp duty paid for Rs 150 lakhs.

Whether i have to considre the rs 150 if the answer to the above is yes.

please answer me

with regards
murugesan

We are in business of CAB OPERATOR. We pay parking and toll tax charges whcih altimately recovered from the client.

We incorporate the same charges in bill but not CHARGED SERVICE TAX on these charges

Please advise whether we are correct or not. Whether service tax would be chargeble on parking and toll tax

Regards

Yogesh gupta