Please explain me meaning of
Annual Turnover shall be = Sale Value/Operating Income

Can i Consider the Interest Received on FD in Sale Value (Other Incomes)

And how to calculate please give me the formula for calculation

Respected Experts,

We have a client who purchase Solvents, whereby there will be difference in the quantity in Invoice and Actual Quantity.

If we find any difference then we will raise debit notes.

My doubt is that whether we have to raise Debit notes inclusive/ showing the Excise duty and relevant taxes or not(I heard that Supplementary Invoices must be raised)

Another doubt is that whether the same procedure is applicable for Rate Differences, Year end Discounts.

Awaiting for Reply,

Thank you in Advance

If an employee is paid salary only for 4 months, i.e from April 2013 to July 2013. He is still in employment as on March 2014. That means, salary is not paid from August 2013 to March 2014 due to financial crisis in the company.

Employer wants to deduct TDS on 12 months salary. This causes genuine hardship to the employee since he cant make adequate investment due to only 4 months salary paid to him. If he does not make investment, TDS shall get deducted.

Whats is the legal provision on this case?

whats is the remedy employee has?

Urgent attention required!!

Sir,I have taken transfer from my former principal 30 december and submitted form 109 to the institute after 20 days. My query is regarding Re-registration procedure.Due to several problem I couldn't submit the Re-registration form within 30 days. sir tell me the procedure

Sir

I have heard that complete study material of IPCC is available in BOS Portal of ICAI Website. but you should be registered with the site.
Login Details are registeration no. of student
his date of bith and name

is it true

i just want to check the study material
could any ipcc student share with me details of registeration

thanks

Please let me know if any service provider charges service tax 12.36% for example security service agency then as a recipient of the said service is there any liability levied to service receiver.

Regards
Amit Nandy

Can anyone help me regarding transfer of articleship? I am right now working in Mumbai and my hometown is in Gujarat. I stay in the hostel in Mumbai. I am in 2nd year of articles so can I take transfer after my graduation is done on the basis that I have no further studies in Mumbai so I can continue my articleship in Gujarat.

As per notification no. 30/2012 dated 30 june 2012, in case of manpower supply services, the service provider will charge service tax on 25% of the services provided, and rest 75% will be paid by the service receiver.

If the service provider charges service tax on 100% of services, then what would be the obligation of service receiver. What penalty will be charged on service receiver?

One of my client has Interest from F.D as income. he says he wants to setoff the interest by paying Interest on Unsecured Loans. is it possible that the interest from F.D will not be chargeable to tax is the Interest on Unsecured Loan is paid off. If yes ?? under which section ??

WE HAVE PURCHASED 2ND HAND GOODS CARRIER VEHICLE DURING SEPTEMBER 2013 AND WE WANT TO DISPOSE THE SAME BEFORE MARCH 31 2014 AS ITS MAINTENENCE IS HIGH.

PL CLARRIFY.

1.WE HAD PAID RS.2.5LAKHS FOR THE VEHICLE AND WE MAY GET RS. 2 LAKH MAXIMUM. WHAT IS THE TREATMENT FOR BAL 50000.

2.IF THE VEHICLE IS SOLD BEFORE MARCH 31 CAN I CLAIM DEPRCIATION FOR THE PERIOD SEPTEMBER2013 TO MARCH 2014