my client has cash withdrawls in his account. he constructed a house for sec. 54f. but he did not take bills of material because of vat. and other local taxes. And some expenses like labour, sand etc. dont backed by bills or invoices. but actually there is a proper constructed house.

Can we take exemption u/s 54f without bills just on the basis of architects report of construction.

I am a C.A. Final student & B.com Complited, I would like to know is there any MOU of ICAI to do MBA & C.A. Final together?

Hello Friends,
I have a doubt. Plz help me.
I have sold 10000 kgs goods @RS.50 per kg. I have to incur transport cost for sending the goods to the Buyer. And the buyer will pay the transport cost of Rs.5000 on my behalf.
Tell me on which amount VAT is calculated
(1)on RS.500000 or
(2)on Rs.495000 i.e. after deducting transportation cost.
Also tell me which exps. are to be deducted
while calculating VAT...

I am a C.A. Final student & B.com Complited, I would like to know is there any MOU of ICAI to do MBA & C.A. Final together?

Standard hour for manufacturing two products M & N are 15hrs/unit & 20 hrs/unit respectively.Both products require identical kind of labour and standard wage rate per hour is Rs.5.In the year 2006, 10000 units or M & 15000 units of N were manufactured. The totals of labour hour actually worked were 450500 and actual wages bill cameto Rs.2300000.This include 12000 hours paid for @ rs.7/hrs and 9400 hours paid for rs.7.50/hrs, the balance had been paid at rs.5/hrs.Calculate labour rate variance,labour efficiency variance, labour cost variance.

i wrongly quote the PANumber while e-payment of Adv.Tax(i asked with drawers bank they said there is no Possible to change that).... wt is the produture for change that....

IF COMPANY HAS DECLARED A DIVIDEND IN THE GENERAL MEETING WHICH WAS HELD IN 29 TH SEP-08 FOR THE P.Y 2007-08.SO UPTO ON WHICH DATE HE DEPOSITED TAX TO GOVERNMENT AND ALSO WHAT IS INTEREST RATE ON THAT

WHAT IS ROI ANALYSIS HOW IT IS USEFUL FOR THE BUSINESS

I Would lIke to have your clarification on the below issue.

We are in teh process of registering our firm with the Service tax department for rendering service under category " Bussiness Support Services ".

May be i would have my registration done by 20.03.2009.

Our First Invocie will be raised on 25.03.2009 towards the service being provided by us.

My Point is that can we avail the cenvat credit of the service tax paid on some of the Input services.......Input services Invocie dated before the date of registration......consider the date of the invoice of the input service will be around 15.02.2009. ( Before the date of registration .

Kindly clarify.

Regards
Karthik

what is accountanting standards