dayanand mittal


{ City } gurgaon
< Country > india
* Profession * a m accounts
User No # 48964
Total Questions Posted # 1
Total Answers Posted # 5

Total Answers Posted for My Questions # 3
Total Views for My Questions # 4766

Users Marked my Answers as Correct # 194
Users Marked my Answers as Wrong # 27
Questions / { dayanand mittal }
Questions Answers Category Views Company eMail

We are purchaseing one machine on duty of payment ( Capital Goods) in the staring of the month financial year 2009-10 at the time of purchase of machine we are not registered with the excise department. But my company registred with the excise department end of the same financial year What can we are taken cenvat credit on capital goods in the year 100% of 50% pls. given the comments or explain me all excise exparts.

 3 Taxation 4766



Answers / { dayanand mittal }

Question { Bank of Baroda, 117074 }

what is the difference between cheque and draft


Answer

draft is hard cash but cheque is not hard cash becouse
chance for cheque dishoners , But draft is not dishnored.

Is This Answer Correct ?    1 Yes 3 No

Question { 21439 }

How prepare the accounting MIS report?


Answer

MIS REPORT PREPARED ON SALES & UTILIZATION OF RAW MATERIAL
& OTHERS CONSUMABLE ITEMS USED IN THE FINAL
PRODUCTS.BASCILY THIS REPORT GENERATE FOR COMPARE WITH LAST
MONTH & CURRENT MONTH.OVERALL FINANCIAL /COMMERCIAL
ACTIVITIES SHOW IN THIS REPORT LIKE ALL TYPE DIRECT OR
INDIRECT EXP.,DEBTORS/CREDITORS,FUND INFLOW/OUTFLOW
UTILIZATION OF DUTIES & TAXATION & DEP. VALUE,PAT/NP/ALL
TYPE OF RATIO CONTROLBY THIS REPORT.LIKE MATERIAL
CONSUMPTION UTILIZATION OF PLANT,RECOVERY TURNOVER ETC.

M.I.S.IS MUST REQUIRED FOR THE MANAGEMENT.

Is This Answer Correct ?    66 Yes 4 No


Question { 21439 }

How prepare the accounting MIS report?


Answer

MIS REPORT PREPARE FOR ALL TYPES OF COMMISSIORAL ACTIVITIES
IN THE PLANT WITHIN THE MONTH LIKE SALES & PURCHAse ,
material consuptions, depricate , cash inflow and out
flow,interest recd.or paid over all what is the net groth
in the months

Is This Answer Correct ?    15 Yes 1 No

Question { ABB, 10000 }

This is related to stock transfer to branches ( Delhi &
Bangalore ) for which my branches are not able to produce
form 'F' agaisnt such branch transfer, than what is my tax
liablity. This issue is pertaining to 2006-07, 2007-08 &
2008-09.


Answer

As per Central sales tax rule 1956 if any company or
assessee not provied Form "F" or "c" at the time of sales
tax assessment the assessing tax officer rigites the full
rate of tax will we charges as per schedule "c" covered in
central sales tax" mens 12.5% or as applicable +Interst @
13% p.a. on tax amount.

Is This Answer Correct ?    4 Yes 1 No

Question { Universal Engineering, 59580 }

how to calculate tds on labour charge


Answer

in case of company @ 2%
in case of subcontractor 1%

Is This Answer Correct ?    108 Yes 18 No