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Anonymous asked On 19 May 2013 at 01:47 Answer now	Is it double benefit of interest is it double benefit (red colour) Q.. Mr .X - salary income-530000 , interest income from post office-15000. calculate total income of Mr. X Ans.-income under the head salary salary income= 530000 income under the head other source interest income= 15000 exempt u/s 10(15)=15000 = nil gross total income= 530000 deduction under chapter- 6(80c-80u) 80TTA-interest income from post office= 10000 total income = 520000
Anonymous asked On 19 May 2013 at 01:28 Answer now	Can 100% vat amt tranf from hesd office in delhi 2 branch mp Hi..dear Good morning My question is can head office transfer VAT amount 100% to another branch established in another state. For exam- Head office in new Delhi purchased in Delhi, stored in Delhi central stores office,After requisition from Branch in MP state issue goods and total VAT amount paid already at time purchase. Can do this type practice plz suggest as soon as possible.
shinam asked On 18 May 2013 at 23:53 Answer now	Transfer related query Sir/Mam I have just completed my 2 Years and 1 month articleship. My parents are shifting from 1 place to another due to some domestic reasons. I just want to know what type of proof are required to be submitted to my CA for taking transfer and is it complusory that i cant register myself as article within 50 km of earlier city. Please reply me as soon as possible as it is very urgent.
Prajot P. Volvoikar asked On 18 May 2013 at 21:59 Answer now	Tcs on scrap sale Dear sir I am doing audit of a shipyard situated in goa. It also manufactures the propellors of ships. For this it has a separate machinig shop. All the required material is purchased in india. During the manufacture of these propellors, ‘Powder like iron’ emerges along with the main product. This along with waste steel sheets (used for ship construction) is sold as scrap to local ‘bhangarwallas’. As per the Income Tax Act, TCS has to be collected at source in case of scrap sale but, in this case it is not possible as these local bhangarwallas are not big parties and no sale invoice is issued to them. Further when I took this query to the proprietor of the yard he told me that these local bhangarwallas do not have PAN therefore it is not possible to collect the tax at source. The total amount realised from such sale during the year is Rs. 19,33,004. I am giving amounts as appearing in the the ledger of scrap sale below.All these entries are on different dates. Please have a look on the ledger and let me know wether this is violating the Income Tax Act. If yes, please suggest me a solution for this problem Regards Prajot 11200.00 10800.00 19200.00 17800.00 12700.00 13200.00 18350.00 14500.00 15500.00 16750.00 28200.00 40700.00 14500.00 12800.00 18300.00 32900.00 19100.00 24100.00 15400.00 24800.00 12800.00 15600.00 19300.00 23400.00 32500.00 28600.00 18800.00 25700.00 30100.00 41800.00 28800.00 15100.00 29900.00 39900.00 21900.00 22800.00 40100.00 14900.00 15500.00 15700.00 23600.00 35400.00 47986.00 44991.00 42987.00 34993.00 40983.00 35790.00 37988.00 46996.00 38978.00 33979.00 20769.00 31999.00 45692.00 27990.00 45644.00 25985.00 43977.00 30984.00 27990.00 12558.00 27000.00 40524.00 28908.00 45909.00 23909.00 27700.00 38592.00 28400.00 19803.00
Anonymous asked On 18 May 2013 at 21:33 Answer now	Vedio can anybody provide me the vedios of cs executive law portion.
Prajot P. Volvoikar asked On 18 May 2013 at 21:28 Answer now	Applicability of excise on scrap sale Dear sir I am doing audit of a shipyard situated in goa. they also manufacture the propellors of ships. For this they have a seperate machining shop. All the required material is purchased in india. During the manufacture of these propellors 'powder like iron'emerges as a result of manufacture along with the main product. This along with waste steel sheet(used for ship construction) is sold as scrap. I want to know whether the sale of such scrap attracts Excise duty Regards Prajot
Anonymous asked On 18 May 2013 at 20:53 Answer now	Reference book for ama Hi CCI members, Can anyone please let me know whether PC Tulsian's AMA contains all past exam questions & RTP questions
Jigar Shah asked On 18 May 2013 at 20:53 Answer now	Profession tax in maharahtra Is an employer who has completed 65 years of age required to obtain PTRC?
abhinav asked On 18 May 2013 at 20:35 Answer now	Revenue stamp whether revenue stamp is to be affixed on voucher for payment of Rs 38000 in cash to Indian post for postage And mailing Charges.
Anonymous asked On 18 May 2013 at 20:34 Answer now	D1 forms issuing rules Dear Experts We are purchasing Material from Haryana and co is registered with haryana value added tax question is: if we purchase against vat 4% then we have to given D1 form to party or not question 2 is if we purchases against vat 5% or above then we have to given D1 form to party?