The Company has purchased Naptha on duty free basis to use in manufacture of fertilizer.

But Now the Company cannot use Naptha since Government is not allowing subsidy on Naptha based Fertilizer.

My query is whether now if company removes input naptha as such, whether Excise duty is payable, whether Company can raise Excise Invoice and whether the Buyer can avail cenvat credit of duty paid on purchase of such naptha ?

If Mr. X gifts Rs. 5,00,000/- to his major son, what will be the tax implications of gift as well as income derived from it in the A.Y. 2014-15.

Sir/madam,

An unsecured car loan of Rs 20 lac was obtained on 31.12.2012 on which interest payable was Rs. 296800. The installments were payable in 36 monthly installments of Rs 63800 each. My query is how the entries will be made in the books and how the loan and interest shall be presented in financial statements for the year ended 31.3.2013?

Thanks in advance

i have purchase one flat at nalasopara during the purchasing the flat the builder told us that they have o c and you are not suppose to pay service tax and vat amount.and now he say it compulsory to pay tax of vat and service tax ,i have purchase on ready possion and blsg have the o c copy .pls help me i am not able to manage fund .

i joined in one firm bt im nt satisfied vth that ..nd i taken termination .
i worked for only 2months i.e articleship starting period...nd im joined in another firm after 3months frm d date of taking termination from 1st firm . in that 3mnths i prepared
for 2nd grp exams nd written..then what are the consquances i have like ca final attempt postbond ...etc..
please suggest me ...thank you

Sir,
I am Sarathchandra working as an article assistant. My ca-final attempt is in May 2015,but i will get a chance to attend the coaching just before one year as per rules of our firm.please anybody guide me those subjects which i can finish on my own with out coaching and kindly suggest books for those subjects

Regards,
Pemma.sarathchandra

Dear members for arrangaing an event under which section we need to deduct TDS u/s 194C or 194J.

Can we take TDS credit based on 26 AS information.
Is is it requied to get TDS certifcate from Deductor.
( With reference to IT Act/Section )

revaluation(fixed assets) surplus can distributed as dividend ?

A Private Limited Company want to bring money from Promotor Company (Promotors Loan) which is situated outside India. Now is it legally viable? Alos if yes, can money utilised for Working Capital Management?

Kinldy reply as soon as oossible.

Thanks in anticipation of Reply.