Hiee...
let me please know about partly repayment of loan more than 20000.for examp. one has taken a loan of rs. 25000/- can he repay this in two instalment of rs. 15000/- and 10000/- during the current year. if ans. is no than let me know will he be liable for any penalty. one more Q. can he repay his loan in cash partly in upcoming 3 or 4 financial year.i.e 10000 in current year 5000 in next year and rest in upcoming year.

Hi, Dear all
can any one share his knowladgein respect of following matter

My clints is a private ltd co Ho at Nagpur and open a new branch at nasik during 2005-06 and trasfer plant & achinery on excise Invoice without vat as branch trasfer and also sale certain raw material and final product on tax invoices imposing vat, Vat is imposed because branch again sold that material to to HO'S Pre determined buyer AT NASIK
( new branch has taken separate excise ,service tax and vat no ) because there is judgement of SC that if buyer is pre determined then trasfer to branch is treated as sale.

Now Sales tax Officer audit has dis allowed that Vat saying that trasfer to branch is not sale and therefor there is no question of imposing vat on such trasfer
is ther is any case law similar to this Case in VAT (there are no of case laws in cst) but the officer demanding Vat or BSt case law

Dear Friends,

Please guide me:

1.whether minimum CPE hours are compulsory?
2.what are the consequences of non compliance of minimum CPE hours requirement?
3. I have not heared of any action taken against any member for non complaince of CPE hours & many of practising & CA in inductries are not compling with this CPE hour requirement?

Please guide.

Dear all/Res.

In Budget,2009 following explanation is inserted in Cenvat Credit Rule, but no credit on cement, steel, angle etc. for construction of factory building, foundation of Plant and machinery and supporting structure of Capital Goods.

But before budget, 2009 we all was taking credit on supporting structure of Capital Goods.

In my opinion, we can avail Cenvat Credit on Supporting Structure of Capital Goods which were purchased before budget,2009.

Am i right
I am looking forward for your valuable advice.

With Regards

Pankaj Naidu
pankaj.naidu@adityabirla.com

ON WHICH COMPANIES ACCOUNTING STANDARD 15 (GRATUITY)APPLY.THANKS IN ADVANCE

when and on what value the service tax is chargeable under work contract. suppose there is service provided under work contrat of which gross bill on date 20/06/2009 is Rs. 5,00,000/- with vat as 12,000 and amount received against the bill is Rs. 2,00,000 on 25/06/2009 and Rs. 3,00,000/- on 7/7/2009. then how tax is calculated.

A party providing the service of Demolition. whether it is covered under service tax. if yes under which head.?

Hello Frnds
Pl clarify the gn below doubt

What is the difference between the notices issued u/s 142 and 143...Pl clarify...

What is the limitation period of both the above sections???

Thanks in anticipation

Regards
Sangita

Can we manually file our Income Tax Return for the FY 2008-09???Even if we file manually, can we get it stamped in our respective jurisdiction???
If the return is electronically filed, we have the acknowledgement to Bangalore (CPC Department)..
So to avoid the procedure, can we do it manually???

Kindly solve the above query as soon as possible
Thanks
Sangita

Hi,

I have recently applied for COP and planning to join a 15 year old existing firm as partner. I am also planning to do my own practice in my individual capacity.
In this regard, need clarificaiton w.r.to:
1.Can practice simultaneously in individual capacity when I am a pertner in another firm.
2.If yes, shall I intimate the same to instittue ? (I hold COP)
3. Is it better to practice in individual capacity or to float a proprietorship firm.
4. Please also clarify any advantages/disadvantages with the above mentioned arrangements.

Thanks in advance for the help.
V. Srinivas.