Sir, i am in accounts departmment i want to know if one is not receiving payments but have to pay off to the creditors.so can we withdraw cash from capital?if yes, so by what limit?if no, so what to do in that case?


please do needful

Sir,
please solve this problem
R a trader in delhi selling raw material to manufacturers of finished goods.
In VAT
cost of raw material imported from Germany =1200000
cost raw material from other states = 2040000
cost of goods purchased from Delhi (including VAT 12.5%) =2250000
OTHER EXPENDITURE which includes storage, transport, interest, loading, and unloading = 200000
net profit earned by him 20% on sales price
60% of goods sold to s in delhi
30% of goods sold to t of bombay
10% of goods sold to u of usa
compute vat , cst payable & invoice charged by him to various manufacturers
assume vat =12.5%
cst= 2%
why didnt u included CST in cost of raw material imported from other states????
please explain with a reason

Sirs,

I have some doubt regarding Sec 260AA and Sec 87A.

Please check the following two Income tax calculations and kindly let me know if there is any mistake.

1-Employee does not have PAN number

Total Income 7,46,000.00
Deductions -
Taxable income 7,46,000.00
Tax 79,200.00
Cess @3% 2,376.00
Total income tax - A 81,576.00
20% of Taxable Income - B 1,49,200.00

Applicable income tax A or B which ever
is higher (U/S 260AA) 1,49,200.00



2-Income Tax-Rebate U/S 87 A

Total Income 3,16,000.00
Deductions U/S 80C 1,00,000.00
Taxable Income 2,16,000.00
Tax 1,600.00
Cess 48.00
Total income Tax 1,648.00
Less Rebate U/S 87A 2,000.00

Balance Nil

Please check these, If these two illustrations are correct all my doubts will clear. Please advice.

Regards

JASEEM.A

Dear sir/Madam,
We had subscribed for employer employee insurance scheme in 2007.then the 5% cap was not applicable.We had bought the same for our directors.
The directors were given monthly salary.Now one of the directors is staying abroad and we are not debiting any salary for him.can we continue to pay the premium in his name?

sir
pls advise the following

any remuneration paid to working directors tds is to be deducted u/s 192 or 194 j

if the remuneration is below the limit of 2,00,000/- per annum then tds is to be deducted u/s. 192 or not
(COMPANY STARTS FROM AUG'12 AND REMUNERATION PAID IS 15000*7=105000/-

THEN TDS IS TO BE DEDUCTED OR NOT

OR COMPULSORY TDS IS TO BE DEDUCTED U/S. 194 J

regards
S.PHANI RAJA KUMAR

Respected sir,

I want to know, can a CA having COP eligible to keep Industrial trainee, if he is doing job in company

dear sir, Icai has its own chapter at riyadh and jeddah (saudi arabia). so can i do my articleship at saudi arabia..tell me is it possible. .. please help me....

An assessee has sold the business with assets under slump sale. However, the vendee firm had opted to continue with the vendor firm name & style for maintaining goodwill. Few of the vendor's old partners continued in the firm while others retired after slump sale. The firm continued with certain group of partners from Vendee firm till 31/03 and the vendor's remaining partners also retired.
Till sale - below 1Cr and second period > 1Cr.
Kindly advise whether a single return to be filed and related issues.
Thanks in advance - Due for Tax Audit

I have a query regarding practical implementaion of Sec 194 C A co. engaged in the business of pathology sends its blood samples to Mumbai via flight on daily basis and daily billing ranges b/w 400-7500 apprx that too on payment of cargo charges on daily cash basis though the aggregate payment in the preceeding F/Y amounts to more than 9,00,000. Now My Q is Is the co. liable to deduct TDS? and if it is so then how can co. practically deduct TDS as it pays on counter and books it cargo...
Plzz help

hello I am accountant in construction company, I have query about vat refund, we are pay our input vat at time of purchase any materials, but our client is already deduct out output vat in our work contract bill, that time how to refund credit vat.