Dear Sir,

We are excise registered automotive parts & bearing manufacturer.To meet our customer requirement one testing equipment is develop by us.Cenvat credit against this equipment purchase can treat as a input or capital goods ? Please advice.

Second thing this equipment we have to remove to testing agency and it will be permanently lying with them than which removal process of excise we should have to follow ?

If possible,an answer with notification no.is highly appreciated.

Thanks,
R.J.Dave.

Dear Experts,

Assessee is providing a consultancy services. He was liable for Audit u/s. 44AB for FY 2011-12 (AY 2012-13). However he is not liable for Audit in FY 2012-13 (AY 2013-14)

Assessee has paid salaries to 3 employees without deducting TDS because

1. Either it did not cross the minimum threshhold limit of Rs.2,00,000/- or

2. After considering the other income of employee and TDS thereon and deductions u/s. 80C, there was no tax liability.



In such cirrcumstances, whether assessee is required to file TDS returns for FY 2012-13?

Dear Sir,
I am a salaried person and had taken a bank loan of 19 lacs in Aug 12 for construction of house.Construction is underway and is likely to be completed by Dec 2013.

I want to know,
(i) can i apply for rebate (under section 24 for the interest paid) while filing the return for 2012-13 or i have to wait for completion of home.
(ii) If i claim rebate for the same in 2013-14 ,can i include interest paid in 2012-13 also.
Thanks
Regards
Nitesh

Salient Features are :
I am salaried employee & it is my first ever House Property,
(1)Date of Purchase 23.06.13
(2)Value of Property (before registry & Service Tax)Rs 40 lacs
(3)Financed for Rs 25 lacs from LICHFL at an EMI of Rs 24542/- for 20 years
(4)Under construction at present & registry is proposed before 31.03.14

Please provide quantum of deduction under different sections viz. 24, 80(c),80 EE etc.

A company imported capital assets from a company abroad 3 yrs back. The company is now not in a position to pay back the amount. Is it possible to issue shares to the Company instead of paying cash. What are FEMA compliance.

WHAT IS THE 8 DIGIT UNIC TDS NO.

Sir,
Mera boss ab mujhe transfer dena chahta hai.
Because 2 months se me medical leave per tha.
Jub maine fir se office join kerna chaha to unhone kaha tum transfer le lo because i have no work for you.

Now what i should do in this case. please help me

Dear Sir,

We are the contractors and registered under societies act and handling only government projects around 35 crores annual turnover and at present we are in COT. Now we are planning to convert cot into vat. so please guide us which most appropriate and safe in terms of taxation.

can an importer of computer hardware who repackages and resells in indian market take set off of SAD paid on import against domestic service tax liability being computer advisory services ?

It registered under central excise after 6 months of importing these goods. (It does not have any excise liability as its turnover is less than 1.5 crores.)

regards, ca kunjan shah, 9820750784, www.nsc.in

I bought one used mobile phone from Norway .it has reached India about one month back. at first I received a letter from office of customs asking remittance and invoice copies. I have submitted the copies through Indian post. again I received another letter after 20 days asking NOC from Ministry of Environment and forest(DGFT) regarding electronic waste. and also they have requested to arrange a customs approved charted engineer for valuation of used goods.

first of all it won't come under e waste. I'm importing that one for personal use not for dumping.

how can I proceed further? How to get NOC from ministry ?