Sir,
How can a manufacturing Co.Calcualte closing stock of Raw material,Stores & Spares & Packing material?
Is it calcualted with Basic price or Basic Price + Taxes + Expences ?

we are supplier of Agricultural shade net hdpe direct to farmer, we dont know that it is tax free or not, so we want to know is this taxable item if yes then how much percent tax is applicable for retail invoce and tax invoice?

I am Final(new) course student Please any one tell me the hand book on Direct & Indirect taxes papers my attempt was at nov 2010?

I am Final(new) course student Please any one tell me the hand book on corporate law & Secretarial practise?

plzzzzzzzz can any1 mail me the notes related to issue & redemption of shares by 31/05/2009 i.e.within 2 days.

ashanadar@gmail.com

really very urgent.

Is Income tax required to be deducted on payment made to a management trainee?

Hi everyone,

Could anyone give me some material (any case law or notification) to prove that stipend received during tenure of articleship is exempt u/s 10 of the Income Tax Act.

Take Care.

We had launched the scheme with our franchisees that if franchisee achieves the target then he will be alloted a new Car.
Now 2 of our franchisees have achieved their targets and are eligible for the Car.
So what will be the accounting treatment. Is it to be called as commission,an incentive or discount or any thing else.

My next question is about the applicability of TDS. Whether TDS will be attracted and if yes under what head.
Further we have not yet given the cars but while finalizing our books we need to take provision on the same so if TDS is applicable do we need to pay immediately.
Similarly we will have to recover TDS from the party since he is paid in kind. So is it a correct to recover the same from him


Thanks in advance

can any one explain me a comparison between bin card and stores control card?

is it mandatory to write UTN in IT returns for AY 09-10??

Notification No.
858(E), dated 25th March, 2009 :

The return of income in Form No. ITR-1 to Form No.ITR-8 for Assessment Year 2009-10 have
been notified which requires, amongst other, the quoting of the relevant UTN for every TDS or TCS claim
made by the assessee. Therefore, the credit for any TDS or TCS claim will be allowed, amongst others, if
the assessee quotes the relevant UTN for every TDS and TCS claim and the said UTN matches with the
UTN in the database of the Income Tax Department.