A client of ours is making a sale to a Government unit, which are asking for invoice without VAT as 'they don't pay VAT'.
Is it true that sale to all Government units or certain Government units is to be made without charging VAT?
If yes, what's the procedure for that (as in if there's any document we have to take from them.)
Currently I am working for a small BPO as a senior level manager.The Indian co. is fully owned by a US based Insurance Company whose shares are almost entirely owned by a single individual Dr.A. My company (both US and India) has now been acquired by a bigger company in US. Dr.A out of gratitude for the employees who have been with him (both in US and India) since inception has agreed to pay a fixed sum from the sale proceeds of the company. My worry is about taxation aspect for employees in India. Dr.A is paying this money in his individual capacity and not through the company. Will this amount that we would be receiving be treated as a gift from Dr.A since we do not have a contractual relationship with him ? Will this amount be subjected to tax both in India & the US ? Thank you for your valuable time and suggestions on how tax can be minimized ?
How to file the ITR and How To Convert The excel sheet into XML i cant understanding plzz help me out
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is it necessary to have cs in private limited company???
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a individual having registration no in service tax,but till the date he was not filed service tax return either online or manual.but now he is filing service tax return for the second half i.e.oct to march. he created login id & pw in aces.gov website. but while uploading the return,return option are freeze.only ST1(Registration in service tax) option are opened.i am newely consultant of this party.may be possible that previous consultant created login id & pw and again by mistake i am created login id & pw. please tell me what is the procedure for obtaining login id & pw if already created.
hi i want to know what the procedure for surrendring ST 2 & what the Document Require for it, we have not fileD last ST return Becoz there is no service provide by uS
Hello Sir/Mam,
Its very urgent please guide.
My assesse have got an order u/s 144 since he forgot to disclose a salary income for which TDS was deducted and also received penalty proceeding u/s 271(1).
Now that Assessment for PY 10-11 is over I can neither file a revised return.
Please guide me how to get with it.
MY QUERY IS CAN PROFESSIONAL (LIKE CHARTERED ACCOUNTANT, LEGAL PROFESSIONAL ) CAN DECLARE THEIR INCOME UNDER SECTION 44AD IN PRESUMPTIVE BASIS.
PLEASE EXPLAIN IN DETAIL, BECAUSE IN ITR 4S IN BUSINESS CODE THERE IS OPTION FOR THIS PROFESSIONAL ARE GIVEN
I start my CPT before the result come of 12th. I was fill online exam form of CPT at that time enter wrong roll no of 12th and subimite the form. And hard copy is not subimited yet. Now what can I do?? Please Guide me....
Whether TDS should be deducted on Insurance commission if paid in kind??
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Query : vat on sale to government unit