Dear sir,

We are the contractor and one of the vendor installed the RMC Plant at our site premises and RMC (Ready mix concrete) is manufacturing and utilising the same site, is it attract excise duty? and sr.No.74 of the NTF.NO.04/2006 DT.01.03.2006 is applicable for this site? But here the vendor is putting excise duty at 2.06% how far it true?

kindly quote with judgment or any case laws...

Thanks with regards

sharanagouda s

if service tax is applicable in construction field, they why are we paying the VAT Compound 2% for construction field. we are a service provider, we will not raise the sale invoice. I have so many confusion in this matter. pls kindly reply.

Currently the company is a Investment company and intends to go in the business of import/export and trading of security equipment, which are not there in the main or other objects of the company. Can the company continue under the same name suppose the name is XYZ INVESTMENT PRIVATE LIMITED or they need to change the name also alongwith the main objects? Suggest the full procedure for the same.
Also how many main objects can a company insert if it intends to do multiple business?

Sir,
Please i Want to know that can we maintaint excise Records in Excel format as per excise rules.

Hello Everyone. When Entire Stock of goods is lost by fire then under what section can one get claim from the insurance company ? thanks alot in advance..!

PERSON EARN FROM INCOME FROM COMMISSION WHAT TYPE OF ITR IS APPROPRIATE FOR SUBMIT OF RETURN

Dear Experts,

We are the first auditor of a Public Ltd unlisted Company. We were appointed within 30 days of Incorporation of company, but we have not yet filed Form 23B to ROC.

1. Is it necessary because it is not mandatory for the first auditor to intimate ROC about his appointment? Please clarify?

2. If filing is necessary then if we file Form 23B now, there is a late fine charged by ROC, how can we avoid it?

if DPM DOA are not entered but depreciation is claimed in P&L & B/S will rise to increase in tax in ITR utility

and accordingly due to negligence ITR was filed & a demand notice equalling to tax amount on the dep was served to the assessee.

moreover, return waas filed on the last date of A/y (belated return)

So return cannot be revised or rectified either because dep has given rise to change in GTI

Now what is the possible solution??

Moreover, Depreciation is mandatory to claim, i think deptt cannot merely disallow it by non filing of DPM DOA

Dear Experts,

During the FY 12-13 year closure we have created provision for expenses for Rs 10 Lacs and TDS of Rs 1 Lacs has been deducted by passing the entry
Dr Expenses 10 Lcs
Cr Provision for exp 9 Lacs
Cr TDS us 194 J 1 Lacs.

In the month of Apr'13 also we have not received the invoice copy's.

Now how to make the TDS payment of rs 1 lacs.Can i pay TDS against provisions directly?
Should i wait till i get the bill? what about the Interest and penalties i.e 1.5 % PM etc..
Is there any way out to avoid the interest costs?

Best regards

Respected expert panel
I am doing my articleship from Delhi and this is my first year, i am thinking of getting transfer ,and thinking of doing my articleship from Kerala.
please can you suggest me the necessary steps to follow, what documents are to be filled and submitted and also please can you tell me the time limit within which i should join the next ca firm after getting the signature from principle
thanx in advance .