Dear All
Currently we are availing cenvat credit. Now the company has decided to stop availing cenvat & avail exemption of 1.50 crore from next year. Our current turnover is greater than 4 crores. What is the procedure for the same? Can any body guide me?

Dear Sir,

I have following query;

1) Whether Builder is covered under section 44AD, since he does not have any sale during the current FY

2) While calculating profit of Builder (Partnership firm) do we need to add back the tax/ Income chargeable to tax calculated by applying section 44AD and then calculate partners profit.

please reply.

Thank you in Advance.

Regards,
CA Rohan.

respected sir,
i am a small retail traders, turnover amounting to rs 26,00,000.i have used sbi savings occount for transactions which is in the name of my son.i like to know that, whether i have to idicate the bank occunt which is in the name of my son in form 4s for ay 2012-13 .please clarify .thanking you.

can a assessee gift amount of capital gain to his son for getting exemption under this section? and after gift son invested that amount for purchasing new house for getting exemption under this section. Please reply as early as possible. ..

hello everyone i am tarun kumar and i want to do job after ca. and i want to know the importence of ms excel in my job and please suggest me how to improve my hand in ms excel thanks.

Can a company avail vat credit on LPG used in their mfg process & canteen, both?

Dear Sir

We are a partnership firm in the first year of business for F.Y. 13-14.

We are required to pay Rent to A Ltd.

Rent for use of Office Space - Rs.60,000
Rent for use of (HVAC, power back up other equipments) - Rs.202000

Our query is, whther TDS is to be deducted on both the payments? Please explain

Both rents have been executed in two separate agreements.

Please help

Hi all , Please guide me for the journal entries of Letter of Credit in books of Purchaser
1) On opening/requesting LC
2) On receiving goods
3) On payment by bank and on receiving advice
4) On payment to bank say after 90 days
Its Urgent Please…

there are four friend who want to make a partnership firm.
so please tell me what is process to creation of partnership.
whether it is necessary to registered partnership deed what is process for registration


avneesh.bibhu@gmail.com

m ca student, also working as a website developer & got registration of Service tax for opening a bank account...

in the Q-4 of FY 2013-14, i raised invs of rs 40,000/- w/o service tax
& also had charged service tax on 20,000/-

m i liable to service tax on both type of invoices since amt is less than 10Lc, and need to file st3