P.Saravanan
15 June 2008 at 18:10

Cenvat Credit on Capital Goods

Dear Friends,

Please clarify the following .

1. For availing Cenvat Credit on capital goods is it to be started from the date of invoice/ date on which asset put it into use?

2 For the capital goods act says the credit can be set two years. If I purchase a capital item in the month of March can I eligible to get a credit 50 % in the March and remaining in the April


P.Saravanan
15 June 2008 at 18:09

Cenvat Credit on Capital Goods

Dear Friends,

Please clarify the following .

1. For availing Cenvat Credit on capital goods is it to be started from the date of invoice/ date on which asset put it into use?

2 For the capital goods act says the credit can be set two years. If I purchase a capital item in the month of March can I eligible to get a credit 50 % in the March and remaining in the April


Jiwan singh
15 June 2008 at 16:29

TDS for Income tax exemption zone

Dear All

I am a employe in UTRAKHAND & here there is a income tax exemption for 10 Year. My Problem is :-

1- Will i deduct TDS on Labour jobs bills

A- Labour job bill received from Trader Uttrakhand (Income tax exempted unit)


sheetal
15 June 2008 at 16:00

About Indian Revenue Services

Dear All,
Please guide me about Indian Revenue Services.Where to apply, about exams, syllabus,etc...means everything..


SHIKHA AGRAWAL
15 June 2008 at 14:29

Deduction of interest on house loan

Hi,
If an assessee has two houses, one is self occupied and other is rented. Assessee has taken house loans for both the houses seperately and the interest payment in aggreggage exceds Rs 150,000.00
Please advise
Is
(i) Assessee can claim interest for more than 150,000.00


Anil
15 June 2008 at 13:26

Karnataka VAT - Audit

1) Is VAT audit mandatory in Karnataka for private companies who get their books audited under Companies Act as well as income Tax Act?

2)When is the last date for filing of Form 240 under Karnataka VAT?

3)Once an establishment is registered under Karnataka VAT should it be renewal every year like it was being done earlier under the Karnataka sales Tax Act? If yes, please let me know the Form to be used, the last date for filing such form as well as the fees to be paid for renewal and the cheque in whoes favour renewal fees is to be paid


4) Can one submit monthly KARNATAKA VAT form 100 online?


Kindly answer the questions pointwise in the order they are asked

Thank you


Jiwan singh

Dear ALL

Please define me

What is the deffered tax liability/assets,How is accounting of that


inder jain

There was a contoversy whether Associations working for the promotion of trade, commerce & industry are liable to service tax under service by clubs & associations. Whether it has been resolved?




CA Anand Sarda
14 June 2008 at 20:59

Multiple Questions

Q.1) How does a FSD & SSD pass on the Excise Duty Credit?
A FSD recieved a bill fo Rs 5000+700(ED) & when he sells, how much excise duty he
should pass to further buyer( Sale Price of FSD is Rs.6000) ?


Q.2) Applicability of CCR,2004 to various parts of India in relation to Input, Capital Goods,
& Input Service? Example?

Q.3) After GUjrat Ambuja Cements Ltd Case, Can we take the cenvat credit of service tax paid on
transportation services from place of removal to the buyers premises? and If no, then Why??

Q.4) Khandelwal Case in relation to Cenvat Credit?

Q.5) As per Rule 11 of CCR,2004 (inserted in FA,2007) Reversal of credit taken on inputs, which
are still lying in the stock, or in process or in final product lying in the stock, when final product
becomes exempt from duty subsequently.,, The amount remained in cenvat credit a/c. after reversing
the said amount shall lapse? IS this True.??



ambar singh
14 June 2008 at 18:54

how to join IGNOU

i was doing B.COM and i have given 2'nd year exams. but as my college is of morning and it is conciding with articleship timing as per new norms i want to leave B.COM but i am not getting any information as how to join IGNOU.PLZ help me






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