Thank U Mr. Singh for replying. I am sorry my question was not clear. I mean to say that - what are the taxes are applicable for Civil Contractor (like - WCT, Vat or Service Tax.) which he should charged in the bill. and suppose he has not charged any taxes in the bill and we pay that bill and in futur if any querry comes from IT department in that case who will be liable to pay these taxes.

Thanks
Raphael

The total cost of a hotel room for one evening was Rs.112.86. This amount represents the cost of the room, a 6% sales tax, and an 8% tourism tax.

The cost of the room without the taxes was....

Answer is Rs.99/-
how we can find this amount

thank u

is it mandatory for all the companies whether big or small to prepare CFS as per the revised schedule vi of the companies act 1956

dear sir,
i want to ask whether , Employer's contribution to ESI or EPF form part of Salary which is debited in Profit & loss a/c.

employee's contribution to esi and epf form part of salary

Is cash basis of accounting by a private company permitted ?
A.S 1 applicable for all enterprises.It also says about fundamental accounting assumptions.

A PRIVATE LIMITED COMPANY HAS PURCHASED A FIXED ASSET FROM A PERSON, WHICH WAS HIS PERSONAL ASSET. CAN THE COMPANY SHOW IT AS FIXED ASSET.
IS THERE ANY CIRCULAR OR NOTIFICATION, WHICH STATES THAT IF VAT OR CST IS NOT PAID ON PURCHASE OF FIXED ASSET, THE PURCHASER OF FIXED ASSET CANNOT SHOW IT AS FIXED ASSET.
PLEASE GIVE ME AN EXPERT OPINION

We have purchased 100 Eq. Shares of A Ltd. from B Ltd.'B' Ltd. raised the bill on date 24-11-2011 and share transfer date is 29-11-2011. In which date we can do the entry in our books of a/cs.

Dear sir
if i received basic salay -22000/- and hra 6500/- and conveyance allowance 1500/-
than what entry pass in tally. and whats ledger need to open for it.
and what is the group of HRA and C.A

wat is d treatment of preliminary expenses according to revised schedule VI in Balance Sheet????

direct meterial purchased from outside India.Exchange loss or gain relating to those purchases directly reduced or added to purchases .Above treatment done by one company the treatment correct or not as per companies act?please tell me treatment of exchange loss or gain as per companies act? what affect of incometax?