Hi,

An unlisted public Company is mainly engaged in seed, agriculture and nursery business. It also produces fertilizers which contributes to the total turnover of the Company to the extent of 22 lac only. But the aggregate value of the net worth of the Company exceeds 5 Crores and total turnover of the Company including other SEGMENTS (agriculture, seed and nursery business) exceeds 20 Crores.

As per my understanding of Rule 3 of the Cost Accounting Records (Fertilizer Industry) Rules, 2011; the said rule is applicable to Company. Am I right?

If yes, then whether the company should maintain cost records for other segments also apart from fertilizers? Is there any provision under which the Company can get an exemption from cost compliance? Please help before it becomes urgent from important.

Thanks.

in one of the suggested answers it has been given that the scope of taxable services shall include any service provided in relation to advice,consultancy e.t.c including appearance before any court EXCEPT SERVICE BY AN ADVOCATE

why is service provided by advocate not included..it does not form part of negative list and also satisfies the definition of service..plz explain

is it because it forms one of the exceptions of the definition of service--fees taken in court or tribunal under any law for the time being in force

What is ejusdem generis?

Is CENVAT credit taken on Input & Input Service used in manufacture and sale of goods to government companies at NIL rate of excise duty needs to be reversed?

If service provider collect 100% service tax than Service Recipient discharge from his liability under Full or Partial Reverse Charge Mechanism ?

does anyone know the way to convert pdf files into word .I am trying it online but its not getting converted.

please help

Dear Experts,

If loan is repaid by cash exceeding Rs 20000/- will it attract dis allowance u/s 40A(3)?

Likewise if an advance against expenditure is made exceeding Rs 20000/- by cash will it attract the dis allowance u/s 40A(3)?

Mr. A is having a property worth 1cr in Bangalore. MR. B is having a property worth 1cr in chennai. A AND B are friends and they transfer their property to each other. I e A's property to B andB's property to A through a transfer deed only. No consideration was paid since both property worth the same.
Does any of these need to pay capital gain.?

Thank you.

Sir,

If I am giving cash to SBI bank and take DD for Rs:30000/- and give to my Supplier.

Section 40A(3) disallow my Expenses.

Please reply me As soon as possible.

Thanks in advance.
Jobimon

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