what is current rate of service tax in West Bengal?

1. Om Ltd had issues 34000 15% convertible debentures of Rs. 100 each on 1 April 2011. The debentures are due for redemption on 1st march 2014. The terms of issue of debentures provided that they were redeemable at premium of 5% and also conferred option to the debenture holders to convert 20% of their holding in to equity shares (nominal value of Rs. 10 each) at a price of Rs. 15 per share. Debenture holders holding 2700 debentures did not exercise their option. Calculate No. of equity shares to be allotted to the debentures holders exercising the option to the maximum.

Case 1: New company started its business in Year 1991 & purchased first machinery of Rs.50 lacs in year 1991 (production started in 1991). Loan of Rs.50 lacs taken & tenure of loan is 10 years & total Interest of 10 yrs will be Rs.30 lacs (approx) i.e. say 3.50 lacs per year.

In such case Machinery capitalized in 1991 = Rs.50 lacs & how much pre-operative expesnses (Int on loan ) can capitalize? 3.50 lacs or 30 lacs.

Pl explain.

Case 2: Existing company & purchased machinery of Rs.50 lacs in year 1991 (production started in 1991). Loan of Rs.50 lacs taken & tenure of loan is 10 years & total Interest of 10 yrs will be Rs.30 lacs (approx) i.e. say 3.50 lacs per year.

In such case Machinery capitalized in 1991 = Rs.50 lacs & how much pre-operative expesnses (Int on loan ) can capitalize? 3.50 lacs or 30 lacs.

Pl explain.

calculation of managerial remuneration.

Dear expect

Our company get year end balance conformation through soft copy and hard copy .
what doubt is soft copy accept by IT officer

please clearfy and share with any notification of company act 2013

Dear All,

Should i deduct tds 194c on contract include service tax or exclude service tax?

Please confirm & send me links related

Regards
Chandrashekar

what will be the effect of schedule iii in advanced accounting of ipcc.... whether all the chapters in connection with preparation of balance sheet and profit and loss account need to prepare accordingly or shall i continue with the old format as in revised schedule vi.. somebody guide me... for may 2015.......

Dear Sir/madam Pls explain one properiatery concern can have one service tax registeration for two or more companies ? Example : One person's service tax registered as individual for Security services and he has two companies viz XYZ security services and ABC security services, he can use the same S.T -2 for both companies Pls explain Regards Srinivas Employee

if we are paying wages to shop floor worker then it charges under head direct expenses or indirect expenses

We have one transporter and we have an agreement to pay fixed amount 85000/month for supplying 11 vehicles/month. He submits bill along with LR copies. even if he didn't supply of 11 vehicles we have to pay full amount. my question is in this case we have to deduct tds > contract or pay GTA > LR copies else both? Please clarify