Mallikarjun Rao
29 May 2014 at 15:52

Invoice raising

Dear Sir's

We are into Service segment, i have a doubt that, we have a client to we have to provide service for 2 years and we have given a quotation for 2 years and he had paid the same, now tell me what is the procedure for raising for invoice, am i need to divide financial year wise or what?, please help me in this regard.

Thanks


Anu

A proprietory concern providing CA services has been in existence for 30 years. Total service income for the past few years is around Rs7 to 8 lakhs.
New partners have joined the firm during the year and the existing work is split between all three partners. The cumulative billings exceed 10 lakhs. However the billings are also split based on work done. So the firm and its partners individually do not cross 10 lakhs. There are very few additions after the firm was formed.

In future if a Service tax scrutiny/query comes up, will there be a contention from the service tax department that the firm was formed to escape service tax liability? Can it be argued that service income is based on work done by respective partners, although they were brought in by the original sole proprietor by virtue of his long standing practice?



Anonymous
29 May 2014 at 15:46

I need guidance

hiii..i completed my b.com in 2006 with 48% marks then in 2008 i cleared cpt.In 2010 after marriage i got registered for ipcc but due to my negative thinking and fear i did not appeared for exames despite of filling examination forms two times. my husband is very positive and determined towards his goal also inspiers me to continue CA.Right now i am 28 years old and pregnant and want to appear for ipcc in may 2016.if i become a chartered accountant what will be my professional scope after the age of 35. can do something else or course on B.COM basis but i loose my heart due to poor marks. do reply p/z thank you



Anonymous
29 May 2014 at 15:45

Section 186 of companies act, 2013

What treatment will be given to existing loans and investments by the private Company.

The said loans and investments are more then threshold limits prescribed in the 2013 act.


Prakash Ravatale
29 May 2014 at 15:43

Moa and aoa as per new act

dear all
i required format of moa and aoa as per new act 2013 for formation of new company.
object of company is "Engage in the business of electrical engineers, contractors and to render all kinds of engineering consultancy and technical services, all kinds of contracts and fabrication works"

plz, send me asap on my mail id:- prakashkings@icai.org


Lakhan Bansal
29 May 2014 at 15:40

Rcm

if I have to file service tax return of a person under RCM and 100% service tax is paid by the company to which service is provided as director then how i will show the taxable service in that persons return


AMIT KR GHOSH
29 May 2014 at 15:35

Lic agent

FOR LIC AGENTS WHAT TYPE OF DEDUCTIONS CAN BE TAKEN FOR COMPUTING INCOME TAX


SAGAR
29 May 2014 at 15:26

Examination

Hello... I'm IPCC student, I got exemption (65 marks) in Adv Account (paper-5) & failed in ITSM. But it is very less. Can I give this paper again for gaining more marks. and also tell me if I get less than 65 marks, then which marks icai will consider.


sandeep
29 May 2014 at 15:14

Regarding rent reciept

hello sir, i have one query i want to know about rent reciept if i am servicing in bangalore but i have rent reciept of mumbai so i can claimed my rent reciept in income tax.



Anonymous
29 May 2014 at 14:58

Concurrent audit

I have a Labour Bill which is dont have any subcontractor invoice so my question is that if any Running Account(RA) Bill, Labour Bill dont have its contractor or subcontractor invoice attached with it then what will be the affect to the particular company ?

please reply as erliest..






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