Dear members,
plz help me out

i had cleared my ca ipcc(both group) in may 12 ... i m eligible for may 15 final attempt.. but some people are saying their is new provision that one year just before articleship completion..next attempt to that makes me elegible for xam... can give nov 2014 attempt...???

Dear Experts,

One of our client is a Modular Kitchen Contractor for new constructions only.

His contract terms include Complete Supply, fabrication, assembling, installation of Modular Kitchen at Site for a Contract Price (Composite price incl. Labour and Material - no breakup).

Location - Maharashtra

Purchase - No breakup of Contract wise Labour is available, hence difficult to adopt Actual Deduction Method. Purchase of Materials are 90% towards 12.5% items and 10% towards 5% items

MVAT Option adopted - Standard Deduction @ 25% towards Labour portion. 75% taxable value for material for payment of VAT

Query:
1. For Service Tax purpose, can we consider this 25% of Std. deduction of VAT as labour charges and pay Service Tax @ 12.36% on the same ?
2. Whether the Material Value i.e. 75% on which VAT has been paid can be considered as Actual Material Value for deduction in the light of Rule 2A - Determination of Tax. Value for Works Contract
3. If no, kindly advise the best method under VAT and Service Tax to have minimum tax liability
4. What is the VAT Rate to be charged on Modular Kitchens under WC for Mahrashtra ?

please advise at the earliest
Many Thanks for your response

From pan no. one can know whether itr has been filed or not for any year ?

If i purchase a property of Rs. 50 Lacs and Full sale value consideration is made through bank. But it is registered for Rs. 30 Lacs as per the guidance value. Can i show the value of property in my books as Rs. 50 Lacs as per the actual considerartion.

Sir Please tell me whats the journal entry if any incentive received by an employee regarding sales .

can a student come in rankings if he is attempting not for the first time? I mean is it important that only first attempt s eligible for getting rank?

my query is that i have pay rs. 7000 Towards payment of contract amt. the bill for the same is of rs. 10000 whether tds is deducted on paid amt. or bill amt.

Dear sir,
If Any service is provided in SEZ unit, so can provider of such service claim exemption to pay service tax ?

Respected all,

I am not able to understand whether I should opt.for MBA from ICFAI distance learning Tripura or I should do CS.
I am not able to understand because as I am 40yrs old & in future which will be beneficial for me.
If any of you can guide or advice me in taking correct decission then please do reply .

Letter of Credit is opened by the buyer in favor of supplier for supply of goods which ensures the payment to the suppler at the end of the period of L.C. Since the money is not received immediately, Supplier discount the L.C with bank . The supplier pays the L.C discount charges.


Queries :
1. L.C discount charges paid by the buyer to the supplier is covered in the nature of ' Interest' or ' Reimbursement'.

2. If it is covered under ' Interest' , is it subject to TDS u/s 194A.


3. If bank discount the L.C on expiry date or before expiry period and charge interest, is it subject to TDS.


thanks you