tax question

Page no : 2

Dattatray (Account Executive) (51 Points)
Replied 23 March 2010

Hiii..

Can anyone please tell me Grouping of advance tax

i showed it under Current Assets...

awaiting for response...

thanks in advance

Dhawal Mohnot (Practicing) (449 Points)
Replied 23 March 2010

advance tax is shown under the head loans and advances under the statutory advances.

indu (Finance Manager) (25 Points)
Replied 06 April 2010

Our company is into Trading . Basically, we import material from our parent company in Italy and sell these finished goods in India. We pay customs duty for the imports. If we want to return this material or export the same to another country, what would be the custom duty implication. Would we need to pay duties again on Exports. Can this be clarified, please. Thanks!