HI, I AM ANKIT, DELHI.
MY QUERY IS HOW CAN WE DO THE ACCOUNTING OF SERVICE TAX IN OUR BOOK. PLZ. ADVICE ME.

THANKS
ANKIT

Dear Madam or Sir,

Pls help and give me your precious opinion about sample items purchased on non FOC basis, pls tell me whether I can take it as a Purchase in the trading account or not. And
on these items shall I claim VAT Input or not

Kindly oblige and do the needful.

Thanking You.

Yours faithfully,
Ranganath.

i am on audit in previous year they w/back sundry credit balance but they paid them same in current year & transfer in missclleneus expenses. is it right or wrong . & what r the versus problem may arise ?

We are a a proft making Company for the past several years, without any accumulated losses. Our core business is HR Consultancy from which TDS is deducted at the rate of 11.33 % and comes to around Rs.150 lakhs for the year 2007-08. However our tax liability is around Rs. 40 lakhs only . This situation is likely to continue for next couple of years, with the prospect of huge amounts likely to be locked up wit IT department while the Company starves for Working capital.

Is there any way that we can avoid this situation and get permission from IT department for a lower rate of TDS to be recovered. Can anyone suggest a way out.

Can a Company adopt Depreciation rate as per Income Tax Act to book Depreciation in books of accounts ?

Hi,

i want to know the details regrding the cost cutting.ie how can a company reduce its cost.
eg
Monthly TO Rs.5L
others expenses, salary
25% profit on Monthly TO.

In this case how much percentage will treated as salary. Anybody having any working sheet or method for calculating...
please suggest........

thanks
Reeji

Hi,

i want to know the details regrding the cost cutting.ie how can a company reduce its cost.
if eg
Monthly TO Rs.5L
others expenses, salary
25% profit on Monthly TO.

In this case how much percentage will treated as salary. Anybody having any working sheet or method for calculating...
please suggest........

thanks
Reeji

There two companies one is controlled by one brother as whole time director ,the second one by second brother as whole time director, all the shares in both the companies are held by them selves and their family members.

My question if during the year any transaction has taken place, whether they are required reporting under AS-18 or not.

how to prepare variance analysis report?


pl provide one problem with solution

with details in words

comparison budgets with actuals and give some reasons for that in table format and word format. provide formulas computations also

Can anybody provide me the calculator sheet for Deferred Tax Liabilities/Assets, or can anyone explain me the method of adjusting the opening DTL/DTA taking into effect the difference in opening tax rates and closing tax rate