We manufacture urea, an exempted good under notif 12/2012 (taxable @ 1% provided cenvat is not taken on input and input services).

Ammonia (taxable good) is also manufactured by us which is used as a raw material for manufacturing urea. Ours is a 'continuous process plant'. Will we have to pay excise duty on ammonia (intermediate product) since urea is an 'exempted good'?

I had invested some amount under the capital gains account scheme in the FY 11-12.Noe i want to withdraw the amount to buy a house property.Is a CA certificate required to be submitted in the bank to withdraw the money.

Sir,
I am terminated my articleship on April 1st week, but i could not file form 109 till now.In between these gap the date of compleetion of 1st year articleship is over. Now i am going to join in another firm, what should i do?

please reply fast.

Please solve my query regarding capital gain & exemption:
Q. In F.Y 2011-12, Long term capital gain is calculated as follows:
Long term capital gain on Gold : 10,00,000
Long term capital gain on House A : 20,00,000
Total 30,00,000
House B is purchased for Rs. 30 lacs
Less : Exemption u/s 54 (For House A) : 20,00,000
Less : Exemption u/s 54F (For Gold) : 10,00,000
Net Long term capital gain Nil
Now in F.Y 2012-13 House B is sold for Rs. 54,00,000 and House C is purchased for Rs. 90,00,000/-
Please tell me the tax treatment and whether exemption u/s 54/54F can be claimed for House C

from when would be exam form of cpt december 2013 would be made available by ICAI

Friends

when advance receipt of rent is liable to deduct TDS

please tel me

Please guide me whether excise duty is to be levied on transportation cost charged from client more than the actual paid by us. For Example:- We are selling goods to client for Rs.100000/- transportation cost charged by us from client was Rs.20000 & amount actually paid by us was Rs.15000. Whether excise duty levieable on such cases. This case is of Rule-5 of CEVR,2000.

we made payment towards electricity exp exceeding 20000/- in cash to electricity company whehter such payment will be allowable exp or not

If an employee is getting a salary of Rs 13,00,000/- per annum ,what are the non taxable perquisites that can be included in the salary structure as per the Income Tax Act/Rules.
Is telephone perquisite fully exempt or are there limits?
If the employer is providing reimbursement of motor car petrol and maintenance bills of Rs 1800/- per month is that amount exempt in the employees hands?
Is there a specific exemption for journals/helper allowance in the IT Act?
Please clarify .

Dear sir,

We need a clarification with respect levy of service tax on the security services which were are rendereing under the name of Akash Security Services Private Limited.(ASB).

ASB is a company which provide security guards to other companies and ASB will raise a bill on cost to cost basis, i,e IF a Company (X Ltd) wants 70 Guards then ASB will raise bill Only the Salary of that 70 guards.

The salary sturcture of ASB(Guard) is as follows :
1. Basic = 4500
2. DA = 2599
3. PF = 885
4. ESI = 295
5. Earned leave = 295
6. Weekly off = 1183
7. Uniform allow = 300
8. Supervisory allow =474
Total =10574

Till now ASB is paying Serive tax on Rs. 10574 @ 12.36 %

Now we are planning to minimise payment of service tax, so what we thought is let us raise bill only on the following components such as :
1. Basic = 4500
2. DA = 2599
3. PF = 885
4. ESI = 295

Total : = 8279

and for the balance amount 10574-8279 = 2295 , The X(Ltd) will pay directly to guard as a voucher payment(as staff welfare expenses ) with out reflecting in the books of ASB.

If we show in this way then we can minimise Service tax @ 12.36 % on 2295/- per guard.

So i request you to please give me your valuable feed back whether the treatment which we have planned is correct or wrong. Here we are paying total amount to guard but our intention is only to minimise payment of serive tax to the government.

If there will be any problem with respect to any law kindly give your valuable suggestion from both companies perspective, i,e from X Ltd and ASB.