I have a taken a contract for a local company in Andhra Pradesh, for Interior & Finishing works. The Contract amount is Rs.10 Lakhs (including material and labour cost). I want to know what will be the VAT and Service Tax Liability and how is it calculated.
It is not possible to separate the Material and Labour Cost.
1.How VAT & Service Tax is Calculated?
2.Whether Input Tax Credit allowed on materials purchased?
3.Whether Input of Service Tax is allowed?

Pvt ltd company is incorporated on 26-12-2008. it is not done any transaction even a single rupee till F.Y 2012-13. what is balance sheet and profit and loss account for 5years.plzz ans with clear bs & pl for every year

Dear all

if purchase fixed asset excise duty we have to 50% this year and another 5% next year.

If purchase of space parts of fixed assets what is the process.

Thanking You

Amruth Kumar

Dear sir

in f.y 13.14 government declare extra rs.2000/- deduct in salary

individual income after deduction is Rs.220000/- then he is not liable of tax , am i right ?

how to present this clause in form 16


Nirav soni

As per Income tax what is the rate of Depreciation on the following.

Plant & Machinery
building
Furniture
Vehicles
Computers
and others

Thanking & You
Amruth Kumar

plz advise me in which head domain charges should be debited ?

whether the exemption under section 5 of wealth tax is limited to one plot of land less than 500 sq meters or n number of plots of land less than 500 sq meters per plot are exempt.If n number of plot are exempt please quote a case law

Dear Sir

i am work in manufacturing industry,in this co.purchase raw material and transportation paid in cash of that and payment are more.

Please suggest me when tds liability arise and what is maximum amount can be paid in cash for one truck and what document required.

sir If one has one residential house of 400 square meters and three plots of land less than 500 square meters per plot and located in different places if he doesn't take exemption for residential house,can he take exemption for all the three plots of land?

i dont understand the concept of poor selling line please help me