company pay for petrol(which used for company tour purpose).can company that petrol expenses treat as eapense for ticket fare.(if company treat as ticket fare then only 5% part will be subject to FBT otherwise 20% part will be subject to FBT)
pls reply what will be treat as per income tax act.

Our Company has a factory in Ambala (Haryana) and our head office is in Gurgaon. Our product is excisable but we do not have any output taxable service. So we take credit to service tax in our factory in excise payment.

My query is that whether we can take service tax credit in excise on following services taken at Head Office:-

1. Services tax paid on catering services received at Head office.

2. Service tax paid on monthly billing of manpower consultant for some marketing guys who sell goods to dealers.

3. Service tax paid to Housekeeping contractors.

4. Service tax paid to Banks.

5. Services tax paid for contractor for road show activity for our retail business.

chopracagurgaon@gmail.com

Is VAT paid on Plant & Machinery eligible for claming Input Credit?

If co. purchase goods and invoice is in such manner:

Particular Qty. Rate Value
Item 7000 100 700000
Add: Vat @ 4% 28000
Less: Freight 3000
_______
725000
_______
And Purchasing co. pays freight of Rs. 3000/- to transport agency on behalf of Selling Co(Consignor).
Now please tell me who is liable to pay service tax on freight.

DEAR FRIENDS,

IF SOMEONE PURCHASES FIXED ASSETS AND CLAIM SETOFF IS THERE ANY REDUCTION IS TO BE MADE? WHAT WILL BE ENTRY TO BE PASSED IN ACCOUNTING.

PLEASE REPLY

my q. is if following expenses fall in fbt
1.expenses on auditor(fooding) during the audit included in entertainment exp.?
2. expenses of broadband included in telephone exp.?
3. expenses of reimburshment to consultants
for conference ?
4. cash in lieu of lunch coupan not to employee forming part of fee?
5. incidental allowance should included in travel?

Hi
Now there has been a change in the numbers of Auditing & assurance standards. So now for the june 09 exams should we refer the new AAS no's or the old no's??

Can anyone provide the due dates for tax deposite and return of TDS, FBT, WCT, Service Tax, VAT and corporate IT return.

In case of non companies,the owner of the firm give his PAN no. for TDS deduction. But the Payment is made or booked in name of the firm, which doesn't match with the name in PAN. Is it ok and acceptable to TDS department, as in new TDS deposit process PAN will be verifed?

Hello,
My exams is due in June 2009. Can anyone send me latest case laws in indirect tax of previous 1 year. Kindly send it on kjsingh2011@yahoo.co.in