An Indian company sends a certain part of an imported machinery to the original machine manufacturer(outside India) for repair/reconditioning.The original manufacturer,after repairs,will send the same part along with the invoice for the repair charges alone.
Please let me know of the tax liabilities(service tax,witholding tax, etc.)
on this transaction.

Suppose a firm lease out its machinery to another firm. Whether the lease rent paid attracts VAT or sales tax ? Please clarify.

What are all the areas a part time practioner is prohibited to certify? Whether a part time practioner can conduct internal audit for a conern other than the concern in which he is employed .

In short, what are all the areas an employed CA is prohibited to certify as part time practioner ?

If a student secures 60% marks in one paper of a group but scores only 0% in all the other papers of that group, whether he will be eligible for exemption in that paper ?

hi...
while consolidating the P&L of one out of many subsidiaries,i am in problem how to calculate gain/loss on disposal of investment in subsidaries as per AS-21.
This subsidiary has brought forward loss from previous years and aslo have loss for current F.Y. upto the cncerned period. if there would be a practical example or working procedure for calculating gain/loss on diposal of investment, pls help its urgent since last date for submition of result is coming to near...

Thanks

A Co. having mfg units in India, is also into trading activity for the very same item which it manufactures. The co has entered into JV with those co's.

The outward freight from that JV co. to the depot of mfg co. is paid by the mfg co. The JV co. is not having any depot of its own.

Under such a situation, can this mfg unit avail CENVAT credit of service tax paid on outward freight (considered as inward freight for it) and distribute the credit to its mfg units (service tax distributor).

pl solve my confusion
whether DEDUCTION u/s 24(b) can b claimed if an employee is being given HRA and he has rented a flat
but his own property is self occupied or v can say not let out used by himself occationally
the property which is self occupied by him or his family is situated in another town and he has let out in another town

pl reply soon

Sec. 54 F permits investment in new Resi Property within a period of 2 yrs/construction of new house within 3 yrs. If the same is not done by the due dt of filing the return, then the Capital Gain amt has to be deposited to seperate C. G. Scheme A/c.

Can we withdraw this amt for some other temperory investment before utilizing it for the ultimate purpose of acquisition of new House property.

please tell me in detail about DEPB and EPCG scheme for export.

can any one post the cheklist for internal audit?