Dear All

We are manufacture of Rubber Gasket and we are registered in excise dept.
My query is we paying the cartage outward to transporter. If we are paying the Amt. Rs.100000 and as per the Abatement Rule we paying service tax on 25% of Rs.100000 of Rs. 3090. Can we take Cenevat Credit of that Amount of Rs.3090 and pay the Excised duty lesser of that Amount?

Or Kindly provide me Accounting entry also.

thanks
Ranjeet

some of my friends told me that a gap of 12 months compulsory between passing group 2 of ipcc and final.

is the gap of 12 months is compulsory???

plzzzzz any one tell me

Respected Experts,
My queries is related to section 44AD.
firstly I want to invite your humble attention on the provision of sec44AD(5)that "Notwithstanding anything contained in the foregoing provisions of this section ,an eligible assesse who claims that his profit and gains from the eligible business are lower than the profit and gains specified in sub-section (1)and whose total income exceeds the maximum amount which is not chargeable to tax shall be required to keep and maintain such books of account and other document as required under sub-section(2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB."
To my knowledge it means if a assesse wants to show his income less than income comes u/s 44AD and his total income is exceeding the amount not chargeable to tax than he is required to keep and maintain books of account u/s44AA and to get his account audited.

My queries is regarding this audit provision that everyone try to make it bypass of tax evasioning by showing his total income less than the amount not chargeable to tax which In my view point it is not the intention of the law makers.

Therefore I humble request to tell me that may it be a way of tax planning through showing of total income less than the amount not chargeable to tax because in this case books of account are not required to be maintained and not to be audited.

Dear sir,
I have Following doubt .
1. duty paid in connection with import of product .
whether it is added to cost of purchase or traded as expense.
2.If imported product are export
In this case whether we have get any exemption on customs duty which we are already paid .If any such exemption is available kindly advise formalities for claim that benefit
Thanking you in the mean while
binu

hiii...plz sugest me books for cwa inter group 2..for costing,idt n oparational management n info tech.which book is best for practice n in easy lenguage?????thanx in advance

Can we take input of outward transportation service taken for sale of goods?
expenses incurred are:
1.freight
2.clearing & forwarding charges
3.air freight
4.courier charges

Can any one sned form no 16B in word of excel format

Respected,

When, rent received from give property for tower of network to any communication company..........
confusion is that these income taxable in which head house property or Income from other source.

After passing IPCC both groups, is it compulsory to register for final alongwith article ship or final registration can be done separately later Only article ship is register

Dear Sir,

I to surrender COP of ICAI let me know procedure for the same, also state when I restore the same, Membership and firm regi. no. will be same or not ? Experience for bank audit will be counted or not ?

my e mail id is cajkjk@gmail.com


Thanks : J K Shah