Prem Prakash Arun

Is Service tax paid on Terminal Handling Charges (THC) & Documentation Charges (DOC)in case of Export Freight is cenvatable? Can we avail the Cedit of the same?

Pls Suggest with appropriate sections /rules.

Regards,

Prem


R. Swetha
07 December 2007 at 11:40

Articleship training period

hi,

I am a final student in chennai undergoing articles... i had to take a lot of leave in my second year due to sickness, abount 120 days without exam leave.. can anyone tell me how my extension will be computed


brijesh Kumar Gujrati
07 December 2007 at 09:56

code of conduct

According to Circular issued by CBDT if any person dealing in shares and activity reflects the nature of activity is not a investment income arises such activity will be treated business income not a capital gain. my query is can a practising member of ICAI can carryout sale or purchase of shares. whether code of conduct attract on member that member cannot engaged in business activity other than profession activity please clarified


Dharmesh Udeshi
07 December 2007 at 08:33

Circular Trading

What is circular trading? pls give an example if possible

What is price rigging???


Gaurav
06 December 2007 at 23:36

Capital Gains

Suppose , a man takes takes a loan from the outsider for the trading of shares, they agreed on the following terms....

monthly installment as a repayment of the principal amount i.e., fixed.
And he agreed that he will share only 10% of the only profit and not the loss made by the other as a commission not the interest.
Is this commission will be allowable expense under the capital gains or not....??????


Laxmi Narayana Sahu
06 December 2007 at 21:54

Stock Transfer to /from Branches

Back ground:
1.A pvt ltd Company having its Head office in Mumbai with MVAT & CST Registration.
2.It has Branches at New Delhi & Kolkata having the respective VAT & CST Registration.
Query:
1.Goods purchased by the local branch at delhi send to head office under F Form .
- when goods purchased locally it is eligible for VAT input for sales made at delhi branch,but will it eligible for input tax credit on goods purchased locally in delhi & the same stock has been tranfered under form F to the Head Office,even if no sale has been made at delhi branch
- The goods transferred from the branch is to be sold lyving the local VAT where output tax is to be generated & paid to maharastra government.
- Is there any taxation impact on the above transactions.


Laxmi Narayana Sahu

An amount of 5 % has been deducted from the Tax Invoice issued under the Maharastra Value added Tax Act by the customer .
Please Explain :
1.Whether any amount is deductible from the invoice as ESI.
2.If Yes ,what will be the accounting treatment for the same.
3.Please specify the relavant provisons under any Act for the same.
4.If deduction is sustained than whether any certificate is to be obtained in this respect.

The act of answering will behighly appreciated.


CA Tejas Andharia
06 December 2007 at 18:23

Transfer Pricing

What is the meaning of term "Intermediary" used in section 92A of Income Tax Act, 1961? Actually It has not been defined in the Act itself, but what meaning should we take having due regard to judgements of various courts ?
For Example, if One person is importing goods from foregn concrn and his NRI brother is the partner in that foregn concern, then both these concrns are "Associated Enterprise" as defined under section 92A ? Please explain with logic and reference of case law etc.


CA Dipak
06 December 2007 at 17:10

Non receipt of Registration Letter

I am CA final student. I have sent final registration and articleship registration form on 21st August,2007 but I have not received any Registration letter from Institute stating my Final registration number. What should I do about this matter.


Krishna Murthy
06 December 2007 at 15:58

Applicability of ESI Act

Dear sir,

The applicability section of ESI Act says

1.10 employees in case where the factory runs with the aid of power

2.20 employees in case where the factory runs without the aid of power

3.such other estabilshment as notfied by Central Government

Can you please let me know what are the establishments notified by central govt.

Also,please let me know what is the minimum wage adopted for calulation of ESI liability?

Please let me know this






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