In case of further capacity expansion whether depreciation benefit under Income tax Act can be availed

1.Only after the start of commercial production from the expanded capacity ?

2. Once the plant is ready for use even though the commercial production is not started?

B K Biswal

If an asset is procured with payment of Cenvat. For E.g. Cost of Asset 10 Lakh, Cenvat 1 Lakh.
1. Can the asset to be capitalised for 11 Lakh.
a). What is the treatment when Cenvat Credit not availed.

b). What is the treatment when Cenvat Credit availed for Full value of Cenvat Paid.

C). What is the treatment when Cenvat Credit availed Partial in current financial year and remaining in the next financial year.

Iam thanking you all in advance to help me to find solution.

Kindly clear the following...

Basic salary . 35000
EPF . 4000
ESI . 2000

Sub Total . 41000.00

Service Charges @ 10% 4100.00

Sub Total . 45100.00

Service Tax (45100 @ 10.30%) 4645

Payable amount by us: 49745.00

Kindly clear whether ESI & PF (notional figures taken) are liable to service tax as calculated above..

This case is of contractor (labor service provider)to a Ltd Company.


Manik (maanik.anand@gmail.com

Please send me the proposal GST rate in AY year 2011-2012

i have will on 28th september 2009

what will be the consequenses regarding gift by way of WILL recent changes in income tax act

new rules are applicable or not

Hi Frendz,

I am confronting difficulty in fillin the 9th clause of Form 5 required to be filed in case of increase in authorised share capital. Can nyone help me out...

Thanks in advance!!!!

In the case of existing auditor, who has been appointed in the last AGM ( held in the year 2008), has submitted his resignation or he has notified in writing his unwillingness to be re-appointed before the next AGM ( to be held in the year 2009.

Was a special notice under section 225 of the Companies Act,1956 is necessary to appoint the new auditor ?

What IS The Difference Between Circular & Notifications As Per All the Acts Which Are active in India ?

Please Send Me the Section in which it has been mentioned the difference ?

Thanking You All The Experts

Hi,

I need a clarification regarding Service Tax

Our entitty is a department under Local Self Govermnent.

We posses a building which was let by a 100 % Govt Owned company and we are paying Service tax on Rent.

We have sub let a portion of it to another 100% Govt owned Company. We have issued invoice claiming the rent & service tax from the company.

But the company has denied to pay service tax by claiming that they are paying rent to Goverment[ Local Self Government department] also the building is possed not for commercial purpose.

Please advise whether we can collect tax on Sublet Property.

Is E-filing of service tax return mandatory for all? If yes please mention the notification no.