in which amount i will attach to revenue stam on voucher ..........

I want to know under sec 80C are Kissan Vikas Patra eligible for deduction or not.


Thanks

Vivek Goel

Wether vat and service tax both are applicable on sale of Software?

Wether vat and service tax both are applicable on sale of Software?

hii..
i chkd my admit card on WWW.icai.nic.in
its first page shows that m provisionally admittd...n asked to contact office if m eligible...
so plz tell me wat does it mean...?;
wat i hav to do..?

I have a moulding machine and i sell a moulded electrical product with a turnover of abt 40 lacs. Recently, i have been approached by a company to do moulding job work for them - raw material being provided by them. i expect a job work billing of abt Rs. 30-40,000 per month.i.e. less than 5 lacs per annum. i know the exemption for service tax is 10 lacs.
What i mould is a part of an electrical product which is not a product which can be sold independantly. The company would use this moulding alongwith 30 other components and makes a final product which is excisable and they would inform excise deptt. also, though they are not availing CENVAT.

And i dont want to touch excise deptt. at all.

Do I need to register and charge any service tax on my billing???

Do I need to register or inform or charge any other tax like work contract tax etc.....

A company made Provision for Audit Fee on 31st March,2009 but didn't credited auditor since bill is not received so far.Also there is no payment made against this head.Please tell me when the liability for TDS arise.
No TDS deducted/deposited so far.What will be the consequenses?

Thanks
Sameer

Please tell me in which group we post following expenses as per accounting standerds
gift purchase for employee & other

As per Section 372A (8)(c) of Companies act, holding companies can lend to wholly owned subsidiaries with out any restrictions contained in Section 372A. When an Indian Holding company lends to its wholly owned foreign susbsidiary without charging any interest, transfer pricing regulations under IT Act would be applicable. In such case, what interest rate could be be considered as Arms Length Price for such transaction ?
Normally this test has to be done considering this question --- would the borrower be eligible to avail similar credit lines from an unrelated lender on identical terms and conditions ? The answer to this question would be NO, in respect of case of holding company loan to subsidiary.
In such case what could be the benchmark rate to be treated as ALP. Can one take an argument that considering Comparable Uncontrolled Price (CUP) Method , the interest rate charged by any other holding company to its wholly owned subsidiary as the benchmark ALP. Considering the fact that there could be many holding companies lending to foreign subsidiaries at ZERO interest rate, can such ZERO rate be considered as benchmark ALP for lending between holding and subsidiary company ?
Any answers from colleagues in CA fraternity ?

In excel
(1) Format Cells - Number- Text
is there any shortcut key for the same ?

(2) what is the shortcut key of "Format Painter" ?

please revert