whether the cost of gunny bags used to store & sell the manufactured sugar can be included in the cost for the valuation of finished goods.

and secondly, whether the excise duty paid on the gunny bags can be availed as cenvat credit. a case supporting the availment of cenvat will help me, as at present excise authorities has denied the cenvat on the same

whether the cost of gunny bags used to store & sell the manufactured sugar can be included in the cost for the valuation of finished goods.

and secondly, whether the excise duty paid on the gunny bags can be availed as cenvat credit. a case supporting the availment of cenvat will help me, as at present excise authorities has denied the cenvat on the same

Can Any one explain me the provisions of Section 79 of the Income TAX Act.

Kindly xplain in own words as i know the language of section in the Bare act.(but could not understand the same)

THANKS

My client has outsourced the collection work & pay a commission of 5% on the collection amount. We are going to deduct @10.3%. But they are asking us to deduct @ 2.06% contending it has a contract payment. Whether they are justified or not.

There is cash discount given by the Party in Purchase Invoice after charging Excise Duty @ 16.48%, in Excise invoice.
Then on the remaining amount CST @ 3% is charged.
Is this the Correct Treatment?
Also what should be the treatment in Commercial Invoice?

Please help me on this matter.

Can we cliam any exemption for non deduction for TDS on Lorry hire charges for sec.194C if exceeding Rs.50000.P.a

In case of buy back of shares.....the debt-equity ratio not to exceed 2:1. What comprises of a debt? is it only long term ?

i have the following 3 queries on AS11:-

1 Is reinstatement of advances paid necessary under AS11?

2 Can forex gain/loss be adjusted against cost of fixed assets ?

3 To buy an asset a certain amt is paid as full & final payment.Should the cif value of the asset as on bill of entry dt. be considered as its cost or should the amt paid be its cost?also plz suggest the a/cing treatment for your view?

i have the following 3 queries on AS11:-

1 Is reinstatement of advances paid necessary under AS11?

2 Can forex gain/loss be adjusted against cost of fixed assets ?

3 To buy an asset a certain amt is paid as full & final payment.Should the cif value of the asset as on bill of entry dt. be considered as its cost or should the amt paid be its cost?also plz suggest the a/cing treatment for your view?

my name is srikanth
plz can any one tell abut PROVIDENT FUND
and how is it to treated to the soceities.