Can any one provide the press release or any other document specifying that the form will be applicable only from 01st july 2009.

i know that cst is charged on the freight but i got the a sales invoice where they have not charged cst on freight but freight has been included in bill
so what would be the reason behind not charging cst on freight????????????

under sec74 of income tax act of 1961, long term capital loss can be set off against long term capital gain
Long term capital gain from shares is fully exempt
suppose :- an INDIVIDUAL has earn a long term capital gain from building and has incurred a long term loss from the shares so now will that long term loss from shares can be set off against long term gain from building???????
plz do reply it's imp

let me know the tax implication in following case.

my client is providing clearing & forwarding services in india and also getting cleared & forwarded by clearing & forwarding companies outside india.

Situation :
My client got a consignment cleared from custom by an american clearing & forwarding company.
the american company raised a bill for providing service in america but my client credited his account for the bill amount but did not pay in monetary form because there was mutual agreement that my client will provide ticket whenever american company's employee comes in india.
the american company employee came and my client provided ticket and debited his account for the cost of ticket.

Please suggest me tax implication keeping in view DTAA with America.

ABC pvt. ltd having paid up capital more than 1 crore enters into contract with director relative for purchase of goods and not obtained the permission of central government.Further, company sold the goods to third party.

Now my question is whether this contract is void ? If so, then wht will happens as you know goods are already sold.

If a pvt. company (having paid up capital of Rs. 1 crore )enters into contract with its director's relative for purchase of shares of and not obtained the central govt. approval. Further, company sold shares (acquird frm director relative ) to third party.

Now my question is :-
1. Whether contract is void and if contract is void then wht will be the impact with sale of shares by the company ?

Please let me know which is better Company pvt ltd. or limited liability partnership .

Thanks in advance ..................

I am providing both Taxable as well non taxable services. Till now I was not maintaining separate books of accounts due to which I was able to avail cenvat credit of service tax paid of only 20% of what was available to me. Is there any change in this budget relating to the availment of credit of service tax paid?

Hi,
I cleared CA Final in Nov '08 and applied for membership in March. Also I got to know my M.No. over phone.
Can I get the membership certificate in the convocation to be held on 21st June? Or, can I get only the pass certificate over the counter?
Pls. clarify.

Sir,
I am working with construction company where initially VAT was opted in normal scheme as there was no existense of WCT.For the financial year 2006 - 07 and 2007-08 , we had filled return in the normal scheme (means taking the input credit) but now we had calcullated that if we switch over to WCT Composition scme then there is lot of savings.

Please guide us can we switch over to composition scheme in the mid of contract??