Dear Members

Dealer enter into CST sales in two months before. But the same bill is returned for quality variation. But dealer paid CST tax in local sales tax office. How to claim the CST tax amount? Its adjusted or Refunded?

We are running a rice mill we joined in a chit and got auctioned the chit and the auction amount received through chit was invested for rice mill machinery how to account these transactions

Chit Value - 20,00,000
Amount Received - 14,00,000

How to account chit dividend and bid loss

bid loss to deferred to Chit instalments or whole bid loss shown as loss in which the year the chit auctioned please clarify

whether car is eligible capital goods to claim input tax credit if no what is the accounting treatment for input tax & output tax on Purchase & sale of car

what is the rate of depreciation on JCB and excavetor equipment aas per incometax act. whether it is different rate of depreciation in order to arrivae in WDV in respect of ENTRY TAX CHARGES which is to be paid on current market vale/WDV .

THANKS

Dear Colleagues,

an assessee is paying rent to his wife since the flat belong to her.the whole family stays there.

can assessee get H.R.A.exemption?

paresh zatakia

Can A Pvt. Ltd. Co. earning few profits give intt free loan to its directors?
Is it necessary to charge interest on loan given to directors?
Please answer
Thanks

Hello IT Experts

Can anyone give me a format or guidance for how to reply to the notice received from the income tax department? What type of content shall be there in the reply letter? What type of words to be used?

Thanks
Rohit

Dear all,

One of the professional serivce renders to us does not want us to deduct TDS on payments. Is there a form through which she can ask us not to deduct TDS.

Dear Sir/Madam,

I have a query in respect of reimbursement of expenses.

Currently as i understand any invoice raised in respect of reimbursement of expenses goes as credit to expenses instead of revenue.

If the contract is inclusive of expenses, it takes the shape of revenue.

Hence, wanted to know whether there is any possibility of recognition of revenue on reimbursement of expenses if the contract is not inclusive but exclusive.

I am given to understand that as per US Gaap, the same can be taken as revenue...

Would Indian Gaap also allow me to do so...

if yes/ no.. can you substantiate with any guidelines or write-up...

Thx in advance...

Dear Sir we have booked bill in sept-08 and oct-08 without deduction of tds now we are making payment after deducting tds. So please suggest us that will we defaulter or not for tds deduction