my client's business is of event management. in this business my client has raised some bill on which service tax liability has been levied in the year 2011. and some input credit also has been taken in 2011 but payment not made. Now my client want to write off debtors as bad debt and also want to book the income as non payment to creditors. what would be the income tax and service tax liability? please advise

i have written my ipcc may 2014. i like to change into direct entry and start my articleship. i am not bothered about my result as i dont have hope on it. Some are saying only after i get my results i can convert into direct entry scheme and some say i can convert it now itself. which is true? i m planning to write may 2015 exam. if results come late then i hve to skip 2 exams(nov 14 and may 15). i dont want to skip may 15. please guide me

Hello
If an assesses provided painting service of old building as per work contract given by company then that service whether covered under RCM. If yes, then how much service tax liability arise on service receiver (Company).

Dear sir
Greetings of the day

Sir this is CA Ashutosh shukla i want to take ur guidence on the following matter.

Sir my land lord is a government servant he is in receipts of salary income. His son is in receipts of house property income and his wife too is in receipts of house property income. And all are filied their income tax return for the last a/y

My question is that whether the land lord can constitue the HUF for the current A/Y if yes then how, if they filed their return individually for the last A/Y and if they have not filed their return individually.

Further the land lord want to take home loan after two year from now. whether it will be beneficial for him as individual or HUF and what will be tax implication and in the interest of the land lord.


Therefore plz sir guide on this matter i will be remain faithfull to you as i started my practice three month earlier. SIR its very urgent




Thanks/regards
CA Ashutosh Shukla

I have a doubt on taxability under Renting of immovable property service in following two cases:

1. Only building is leased and inside furniture and fixtures is fitted by the lessee.

2. While in other case,entire building is leased along with inside furniture and fixture.

In both the above cases building is being used for commercial purpose only.

Will both the cases be same for taxability or the later one will be treated differently ? If so, how will they be treated ?

A building was used for business till 1986. Thereafter, no business activities were carried out absolutely. Also, no Balance Sheet, Income Tax returns were filed since then for last 27 years.

Whether it can be considered as capital asset since 1986 or it still needs to be considered as business asset and depreciation has to be claimed thereon?

-Meera

I work for a FMCG. We purchase freezers & give it to our distributors for promotion of products. Freezers are our assets and we collect deposit from distributors and we return it when they return us freezers. My query is how we have to calculate depreciation?

Respected Sir/Mam,
I am in a deep confusion as whether to take classes for Income tax as my timings for other classes are clashing and to opt of income tax classes I will have to drop Indirect tax classes. Now I am only left with two options : either to start coaching in October which is not possible for me as my attempt is due in May 2015 OR to do SELF STUDY.
Please help me come out of this dilemma and suggest me what should I do. I expect the reply ASAP

Kindly guide me

which kind of precautions to be taken if company have more than one units for Manufacturing and warehouses

how to bifurcate the expenses like Transportation Expenses , Wages , Rent Etc

how it be configured in Software ?

Sir,

We are hired in MoPNG on contract basis initially for the period of 6 month and paying honorarium of 30k per month. At what rate they should deduct TDS and under which section.
Please also provide some reference and basis for your opinion.