Rajasekaran.K
This Query has 2 replies

This Query has 2 replies

21 June 2008 at 12:55

SERVICE TAX

Hi my friends,
pls answer my following queries:
a) Wat is the accounting entry for taking C
ENVAT credit?
b) how will you account for adjustment made with respect to that credit?
c) Similarly how will you determine TDS receivable/payable at the end of the finanacial year?

Well i am doing my CS ... if you can clarify me on these aspects it d be better


Vivek Gangwal
This Query has 4 replies

This Query has 4 replies

21 June 2008 at 12:32

Short Deduction of Tax

As per Sec.197 tax has been deducted at Concessional rate to a limit provided by deducting authority what happen if tax continues to be deducted at concessional rate. and in next FY it has been deduted for balance tax & has been deposited. When the expenses will be allow prevailing of Last FY.

What if TDS deducted u/s 194 C instead of 194 I.

Pls also verify S/40 of IT Act


RIMPI SINGHAL
This Query has 1 replies

This Query has 1 replies

21 June 2008 at 09:49

Insurance

Sir,

whether stock insurance done directly through by bank be bifurcated into prepaid insurance or not.

Whether insurance at the time of purchase of car etc. should be capitalised or not.
And if capitalised, it should be bifurcated in to prepaid or not. OR whole insurance will be capitalised.


Pankaj
This Query has 1 replies

This Query has 1 replies

21 June 2008 at 07:56

REGARDING SCUTINY

Under what grounds, scrutiny may b possible..if a person is going to purchase a commercial property & he comes under the slab of 150000-250000[male but not senior citizen]


Thank you


gajendra
This Query has 1 replies

This Query has 1 replies

20 June 2008 at 19:37

section 35dd

Hi!
can you provide me the expenses details under section 35dd. for which we can claim the exemption ?
Gajendra


Yatesh Prakash Renuke
This Query has 3 replies

This Query has 3 replies

20 June 2008 at 18:52

Tax Audit U/s 44 AB

If a Proprietor is having 2 seperate Business having no linkage with other.
The turnover of one Business is Rs. 35 Lacs & the other is having Rs. 38 Lacs.
Whether tax audit is applicable to the assessee?


ashwini
This Query has 2 replies

This Query has 2 replies

Whether TDS should be calculate on the gross bill amt. (i.e. including service tax) or on the net amt. (i.e. excluding service tax).
Circulation No.4/2008 Dated 28/4/2008 clearifies only regarding to sec.194-I(i.e. TDS on rent). I desire to get ans. regarding other sec. on TDS also eg. in case of TDS on professional fees, contractor, ect.

THANKS


GAURAV GUPTA
This Query has 2 replies

This Query has 2 replies

20 June 2008 at 16:43

Form No.16A

TDS Deducted of one party under two sections.
Whether seprate Tds certificate need to be issued or can be given under single certificate?


ashwini
This Query has 2 replies

This Query has 2 replies

My quetion is
Whether TDS should be deducted in case of Hotel Lodging if a person stays in hotel for more no. of days or a person is a regular customer of that hotel & therefore lodging expense of such hotel in the year exceeds Rs.50000 in aggreegate or Rs20000 in single bill.ASSUME THAT THERE IS NO ANY ANNUAL CONTRACT.

Please provide the ans. with examples. If there is any cerculation on the clarification of this quetion please give me the reference.

Thanks in Advance.


UMESH RAVANI
This Query has 2 replies

This Query has 2 replies

please give me the sitation of defending interest at 15 % allowable Vs 12% on Loan.






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