Mr. A follows cash basis of accouting.
He issued 2 cheques on 31.03.2008. One is cleared on 02.04.2008 and another on 26.04.2008...(after 26 days from year end).

Whether these cheques issued can be treated as expenses?
Is it necessary that payment should be reflected in bank statements to claim it as expense in case of cash basis?

hi sir r.v rao g.e sir i have passed my cpt in aug 2007 n failed my 10+2 in may 2007 now i had passed my 10+2 in march 2008 can i register for pcc or i should write cpt again pls tell accurately sir or tell from where i should enquir phone no plsssssssssssssssssss. sir.

ECGC Rate Applicable for PE-II May'08 Exam

Bank rates.

I wish to invest in LIC Fortune Plus Unit Linked Endowment Plan. Can I claim the premium paid as deduction u/s 80C.

Is there any restriction from tax point of view on I opting out of the scheme any time after three years

can A company also pay Service tax on line.Is it compulsory?Can company also file the Service tax return online?

Sir,

We have paid service tax on input services & claim cenvat credit against renting of immovable property.

But Service tax dept. has taken objection and told us to pay service tax in cash.

So we have paid service tax of the amount of cenvat credit through cheque.

Now my question is that

The cenvat credit which we have earlier claim in the month of July, Aug, Sept, Oct, Nov, Dec, Jan, Feb, Mar can adjust against the payment of excise duty on manufacturing of excisable goods , on 1st april 2008.

Service tax provider shouldnot collect and pay service tax if his gross billing is less than 8 Lacs for the year.Now Till February our billing is less than 8 Lacs and in march Bill from a special client was rs. 2 Lacs. Now we have to pay tax on different or whole billing?
Please guide...

What is repo rate, reverse repo rate and bank rate? How these are linked with each other?

What is the Rule of "Vat Exempted Vide Schedule A, Serial No. 45 "

Suppose A purchase material from X party of Rs, 20,000 Vat Rate Nil under above rule .

Than

If Mr. A is sale the above material @ Rs. 22000 than what amount Mr. A will charge VAT in his Sales Invoice . or wheather he is also charge Nil Vate Rate .

would any one explain the concept of deffered tax and accounting treatment of it with help of some short examples