If a person has income u/s 44AF of Rs.78950 (ie.sale and purchase of gold ornaments)and also having income of repair and making of gold ornaments on job work in which he earned Rs.88960. The aggregate income is Rs.167910. Whether penalty can be levied for not maintaining books or not.

I was a bit confused about legality & validity of notification issued by ICAI on 27.03.09 in regard to students. Whether Institute has these many powers under any law that it can even bound an article (a major person i.e. above 18 yrs. – As per constitution) to undergo article in a city in which his parents are working & whether institute has power to decide even the place of livelihood of an article. I am a bit confused that if an article’s parents are living in a distant village & there is no CA firm within a diameter of 50 km or even if there is any firm it doesn’t have vacancy, what will happen in such cases.

HELLO SIR IM SHASHI
ASPER SECTIONS 198,309,387,349,350 OF CO ACT RELATING MD REM, MY QUERY UNDER WHICH HEAD SUCH REMMUNARATION IS TAXABLE, I BELEIVE IT SHOULD TAXED UNDER SALARY
FOR REMMUNARATION CALCULATION PERK SHOLD NOT ADDED ASPER CO LAW BT WATS THISA IMPLICATION ON MD TAX RETURNS

Dear Experts,

We are hiring a goods carriage to transport our despatches to our customers and we pay freight on the basis of KM ran.We transit in a single carriage for multiple customers at a time. My query is what will be the abatement amount can be claimed (1) Rs.750/- or (2) Rs.1500.00

Thanks in advance

Praveeri

Hello Sir/Madam
Clear me that when a people hire a vehicle for travelling outside the city/state or use his own vehicle for visit outside the city/state then the Fuel expenses come under which head whether it come under travelling and pay FBT @5% or it should come under vehicle running & Maintainace and Pay FBT@20%.

Hello Sir/Madam
Clear me that when a people hire a vehicle for travelling outside the city/state or use his own vehicle for visit outside the city/state then the Fuel expenses come under which head whether it come under travelling and pay FBT @5% or it should come under vehicle running & Maintainace and Pay FBT@20%.

HI, IS THERE ANY CHANGES IN " STATEMENT OF AFFAIRS (LIQUIDATION)"


ATTEMPT-MAY 2009

Sir,

My company annual return is still pending for the assessement year 2008-09 due to digital signature. I want to know late fees charges/interest on late filing of annual return.

Thanks,

Vijay

Our company are in the business of printing our own advertising directory and magazines,manufacturers of diares for corporates,printing of annual reports etc.we also taking job work of printing others magazones etc.

we are registor under service tax as we have to charge service tax on Advtisement services to our customer who wish to give advertisemnet in our directory.our directory are distibuted on demand to anybody without any cost.
this directory is printed in our own factory only.we have to pay excise duty on paper,inks,and various consumable,disel and stores and spares etc.for printing this directory.We are treating the excise duty as a part of our total material and consumable cost.
We are not registered under Central Excise Act.

Query:

1) Can we take credit of Excise duty and utilise the same against service tax liability for our directory (under the category of sale of Space or time for Advertisement)

If we can take these credit please provide us the procedure and format of records to be maintained.

2) Can we correct our past records and intimate the department to avail the excise duty credit which we have not taken till date.



3)Please also confirm whether "printing of directory, Magazines, Catalogue etc. is not a manufacturing activity as per Excise and therefore exempt. Or it is excisable activity but subject to 0% excise duty.



Regards,

Please Suggest me the site from where I can take a print out of Service Tax certificate of a company which was registered with Service tax Department