A Ltd. Co. makes sales of excisable goods to another company. Freight on dispatch is paid by selling
company. In consideration, another company reimburse selling company towards freight on
fixed rate basis as decided in agreement for example Rs. 4 per kg.

Query is whether excise duty would also be levied on aforesaid Rs. 4 per kg in addition to sale value.

Please send me vat rate on Plastic electric kettal And also on Paint purchase.

i have two busineses under one company.in tally ERP 9, i create seperate company accounts for each business.but some parties give single cheque for two business. so i cant entry it in one accounts because part payment is related to another business. also the reconcialation is a problem for me..what i can do in these cases.

please help me.

Hello ! Experts

After Scrutiny Assessment, Our assessee has received demand notice of penalty u/s 271 (1)(C) for Rs.143980.00, ITO dissallowed the Expense Interest on Loan (Unsecured Loan) due to non deduction of TDS u/s 194(A),

If any help or any reply can shorten the Penalty value, then please provide with reference.

Many Many Thanks in advance

Deepak Sharma
deepak_8583 @ yahoo.com

Read more at: https://www.caclubindia.com/forum/help-income-tax-scrutiny-295652.asp#.U6kpdpSSwZM

I have a query. While filing an Income Tax Return I found that a property was purchased in joint holder name A and B but while taking Home Loan for the same it was only taken in the name of A. Now my question is, Interest paid on Home Loan shall be fully taken into Income Tax return of A (since he fully paid the Home Loan) or shall it be divided into both the coowners of Property.B does not have any other income. An urgent reply is needed.

Dear Sir
My client Earns Fees for Professional and technical services from a private co.he is a intern there please guide me which ITR form will be required for filling of return with reason.
Thanks in Advance
Ashish Kesarwani
Ca Finals

Dear All,

I am a merchant exporter and purchasing material from local dealer for Export purpose.

Can I export the goods on A.R.E1 and claim the rebate after export?

Dear Sir,

I Had received bonus of 19500 from max life insurance. is it taxable or not

what does 'unrealised other income for AD' and ' unrealised income for CC and OD' means? and how should an auditor treat any mismatch in these accounts? please help

please, tell me, rate of depriciation as per company act 2013