SIR,
WE RUN FURNITURE SHOP MORE THAN 20 YEARS..
WE ARE ''1st FURNITURE MAKE'' THAN ''SOLD IT'' TO CUSTOMER

WE REGISTER UNDER KMC
WE ALSO ONLY 2 ITR FILE AY 2012-13 - 16 LAC (INCOME SHOW )
AY 2013-14 - 21 LAC (INCOME SHOW)


AND REGISTER UNDER PROFESSIONAL TAX.
I HAVE SAVING BANK ACCOUNTS..

PLEASE ADVICE ''WHAT IS NEED FULL ACTION FOR OUR FUTURE BUSINESS''

(NOTE; IN OUR FIELD NOBODY ARE REG. UNDER SALE TAX & SERVICE TAX)

Dear sir,
I want know about how many types allowance we gave to our workers, in the case of ESIC , If we opened a salary account to my workers so how will we manage to salary because the esic limit is Rs-10000/- but my worker salary made one month approximate every month Rs-12500/-,So what we do in that case , please suggest me .


Thanks
Vinod kumar
Mob no-+918750515880

I have a single truck on loan , i operate it through a broker ,and my driver drives it .as for the freight i recieve cash or cheque from the transport agency . And out of it i make expenses like purchasing diesel , toll taxes , labour charges , driver meal expenses.
I recieve near about 2.5 lakhs in a month and expenses are 1.8 lakhs , and 50000 is my truck loan installment , 10000 is driver's salary . I only get 10000 per month as final income .
But these transactions are held in my bank account so how to file income tax ?? And do i need service tax registrations ?? I need to open a current account so how can i get myself register for a firm ??

Respected Expert, This might sound wierd....but i am asking this query on purpose...as a Chartered Accountant in my town said so.. My deceased grand father has a land(non agricultural land). He is having 3 sons... My father and 2 brothers.... Last month they divided the land into 3 parts and registered the same in their names respectively paying the appropriate registration fee. Does this attract any Capital Gains...?? or any other taxes.. A chartered Accountant in my town said that tax is payable..I felt wierd....but for a second doubted myself that he might be right... Can u please guide me in this regards as to whether any tax is payable.. Thank You.

Is this extension period includ in completion of articleship ....my articleship completed at 8th feb 2015. My principal will give me 10 month extension. So my attempt given in nov 2015 will become invalid????? This extension have any effect on my future attempt....????

Hi,
For salary, ICWA materials suggest that an accrual type entry is to be passed.

Salary Dr(P&L)
Outstanding Salary Cr(BS)

Outstanding Salary(BS) Dr
Cash Cr(BS)

But have talked to certain people and they suggest that provision entry should be passed for Salary although similar to that of accrual.

Salary DR(P&L)
Provision for Salary CR(BS)

Provision for Salary Dr(BS)
Cash Cr (BS)

Quick thoughts would be appreciated.

Thanks
Navjeet

Dear Experts

Greeting of the day to all members.
Query :- generally i have been listening the word such as subsidiary, holding, associate company . Please let me know the meaning of subsidiary and Holding & associate company? do clarify with an Example if possible?

THANKS IN ADVANCE
RACHNA GOYAL

Hi,

Ours is a private limited company in Andhra Pradesh.

We have recently formed gratuity trust for our company.

Is it mandatory to register our trust?

If not registered what are all the consequence?

Can we get PAN for the trust without registering?

Kindly guide me.

Thanks in advance

why govt.is allowing to those person who have black money .that they can deposit money on condition.
govt kyu unlogo ko chhut de rhi hai ki aap 45% ya 85% jo v ho tax de ke black money de k use white kar skte ho iska reason kya h

I want to start new business in new premises. Do I need to apply for Shop Act Licence ? What if I am trading in goods online from my home, like selling goods on Amazon or Flipkart. Do I need Shop Act Licence for online sales ? The site is not operating since long times, when will it get operated and i