hi Friends wshing you a very very happy holi in advance and could u please tell me what is the new in recent budget for tax minor income.
thanks with regard

i got offer for articleship in SNB,NEHRU PLACE.they are placing me only in taxation and no audit.plz advice me should i join to learn all work in medium firm or should i go for only taxation.
will in future problem arise in placements.
tell me big name matters or not.
thanks,
soni

How Many Articles Can A CA Register Under Himself If He is a FCA but has withdrawn his COP and After few time has taken it Again.(In Sept.,2006)

My wife has recieved ornaments as gift from my father , will the ornament be clubbed to my fathers wealth?

IF I have alnd on which I have built a commercial complex & rented add to my wealth?
Will a motor car registered in the name of my partnership firm add to my wealth?

hello
WISH ALL OF U A VERY VERY
HAPPY HOLI

A Public ltd company is putting up a plant to manufacturing News print and writing printing paper.
The company has started the construction of building & installation of machinery for the purpose from may 2007.
The building has been constructed and the installation of the Machinery is likely to be completed by June/July 2008 only.
The company has availed Cenvat on the stenth of the Invoices of the Machinery purchased.

Query
can we avail 100% cenvat on machinery installing during 2007-08 for clearence of our production during 2008-09 or we can take benfit of 50% in 2008-09 and balance in the remaining period

We would also request to clarify of our entiltlment to avail cenvat credit during 2008-09 to the extent 50% or 100%

THANKS

Recently, a CA(who is ca since 1991 and in service) and an article of pcc told me that:

The study modules and the study materials given by icai are:

a)have too complicated and confusing language (the pcc student said)

b)the books covers more topics than that in syllabus (both said)

c)the study technique of most pcc students is that to refer books of other authors;guide books; OR materials by coaching.


To what extent is this true and what are its (side) effects....

sir,
we r apvt.ltd.co, working as a builder, we gave the works cotract ( excluding cement & steel),
my querry is that when works contractor raised the running bill, then at what amount he will charge service tax,
bcoz in notification no. 29/2007, mention the value of work contract service determined shall be equivelent to the gross amount charged for the works contract LESS the value of TRANSFER OF PROPERTY IN GOODS INVOLVED IN EXECUTION OF WORKS CONTRACT, and LESS VAT TAX,

then in the case of works contract we will deduct all material used in execution of work contract is it right ?

HELLO

FACTS OF THE CASE-
A Public Ltd.co is putting up a plant to manfucaturing news paper & writing printing paper. COMPANY. has purchased a Boiler, the boiler supplier has raised bills for different components of the boiler. The co. on the advice of the boiler supplier has written a letter to the asst.Commissioner of Central Excise of his division informing him that an order has been placed for Disgn,engineering ,manufacture , supply erecation of boiler and aurcallaries at the above site
It is also informed to the Dept. that same manufacturing activity will be carried out by the Boiler Supplier at our Project site with regard to the Fabrication of the boiler componentsparts for installation of boiler . It was also informed to the Dept. that all Centeral excise formalaties and liability for the duty, if any shall rest out by boiler supplier.

The Dept. replied above letter by informing us that we shall be responsible to discharge total liability in regard to duty payable if any on on any Excisable Goods bieng manufactured in our prremises as the registration has been out by us of our premises.

subsuquently the errication of the boiler was done by the co. by its own engaged worker.

QUERY- wheather is there any Central Excise liability for Company in respect of the fabrication of the Boiler.

we would requested to provide ans with any case law / notification /circulars
on the subject.

Thanks

sir,
we r builder, we buy land and give the works contract to contractor but in contract we provide them CEMENT & STEEL, and in contract agreement we mention that builder provide u steel & cement at no profit no loss,so contact amount is otherthan cement & steel cost.

my querry is how the accounting will done for Cement & Steel, and whether we liable to pay any M.P.VAT, AND WE R PVT. LTD. CO., whether we r liable to deduct WCT under M.P.VAT.