INCASE WE ARE EXCISE MANUFACTURER AND PURCHASED A CHEMICALS 100KG, OUTOF WHICH WE REJECT THE 20KG CHEMICALS AND SENT BACK TO SUPPLIER (IT IS ALSO EXCISE MANUFACTURER)NOW I KNOW THAT WE HAVE TO FOLLOW EXCISE RULES 11 FOR INVOICE FOR PURCHASE GOODS RETURN

BUT MY QUESTION IS AS FOLLOWS
INSTEAD OF RAISING INVOIE CAN WE ISSUE DEBIT NOTE TO THE SUPPLIER FOR PURCHASE RETURN AND IN DEBIT NOTE CAN WE MENTIONED OUR SERIALLY NUMBERED DEBIT NOTE NO. INSTEAD OF OUR SALES INVOICE NO FOR PURCHASE RETURN ?

PLEASE EXPLAIN ME PURCHASE RETURN PROCEDURE UNDER EXCISE RULES AND WHICH OTHER DONCUMENT SHOULD WE MAINTAIN FOR IT

I have a query, need your help.

1.) I already have a PPF account in my name, can I open another PPF account in my child's name?
2.) Can I deposit 1+1 = 2 lacs in a year in both the accounts?
3.) The interest earn by child's PPF will be tax free?
4.) Is there any entry age for minors? My baby is only 2 months old now.

Many thanks.

Exemption under section 54 is available whether sale deed is not register.

I like to know the tax implication regarding interest charged by the bank against overdraft to be taken by me against 3yrs fixed deposit jointly in the name of my father & mother ( senior citizen ) & me also. The interest from the Bank is receivable in the name of the 1st holder that is my father. Now I want to take an overdraft from the Bank and deposit the same as further capital introduction in my Partnership business which will yield an interest of 12% per yr.on the fresh capital. The interest accrued from the fresh capital introduced will be under the taxable income of my individual I T file but will the taxable income be reduced by the interest charged by the bank against the Overdraft in my I. T. File ? Further more my Father & Mother are not the partners of our Partnership firm. Please Advise.

can any have ICWAI foundaion postal apllicable for december 2013 exams.plz mail me at skedia77@rediffmail.com

I want to register one of my client as legal heir of his deceased wife to file her return of Income . One of the requirement of the portal for registration is to submit Legal Heir certificate

Can any one tell me what type of certificate is required ? Is it probate ? If there is no probate is there any other certificate that we can submit ?

I have a doubt regarding Depreciation calcuation under Straight line basis..
Asset cost as on 1.4.12 - rs 5000
Accumalated Dep as on 1.4.12 - rs 4500
Rate of dep 16% SLM. What will be the dep for the year 12-13 under co's act??

Thank you

For the assessment year 2009-10 the client has not deducted TDS for some payments. The department sent a notice disallowing the total expenditure u/s 40ia of IT Act.
Is there a way for countering the situation?
Any views or suggestion...

Dear sir

i want to know what documents are to be taken to assessing officer when he has given notice u/s 142.

The assessee is non resident and own a shop (long term asset) which he intents to sell. The long term gains are Rs 30 lacs. He intends to take benefit of section 54 F or 54 EC. What is the procedure of Certificate for low deduction of TDS.
Thanks