i am a student from nepal. can i do my articleship from nepal? will it be valid if i do my articleship under ca having membership under icai but working in nepal?

A private limited Company was Assessed in Financial Year 2012-13 for the financial year 2010-11 against a certain amount of Profit. After assessment, the company received a demand letter from the authorities with Rs. 1900 Interest Demand and Rs. 300 as Income Tax demand. Now, this payment was made in the year 2012-13. The Entry passed at the time of payment was: Income Tax Demand (FY 2010-11) A/c Dr. 300.00 Interest Account (Exception Item) A/c Dr. 1900 To Bank Account Rs. 2200.00 The related queries are: 1. What is the treatment of Income Tax Demand (FY 2010-11) A/c in the Financial Statements of the Current Year i.e. under which head of Profit and Loss account. 2. For computing the current tax of the company, is the interest paid, an allowable expense? 3. If not, where and how to reflect the entry of interest paid? 4. Is the same to be taken as a prior period item? Please help.

Read more at: https://www.caclubindia.com/forum/treatment-of-income-tax-and-interest-demand-of-previous-year-265670.asp#.Uj4HNtKkr8o

Respected sir, we are doing work contracts in sez works. but we are sub contractors under main contractor of sez . we are submitting the bills without collecting vat and service taxes , but as per act sub contractors have no exemption in sez works . but they mentioned in their work order exempted under sez works for all taxes .main contractor is having form A-1 against service tax exemption under notification no. 40/2012 .we have to collect vat and service tax from main contractor or not kindly clarify my query sir.

Dear Experts,

The Assessee is running an Aviation Club in India, where he gives professional flying training to Students to become pilots. For the purpose he imports parts of helicopter & equipment for Repairing, Maintenance & Overhauling of the Helicopter.

Is the assessee is liable to pay Excise Duty and where he should get registered with Central Excise & Custom.

Regards: Mukesh Sharma

Dear Sir,

I have a query, i wanted to know how to fill ST-3 based on reverse charge mechanism rule, so please instruct me with a example.



Thanks
Ravinder
M.Com

Whether it is required to pay Interest on service tax dues payment under voluntary compliance encouragement scheme ?

Dear Sir,
Advance received from a customer, whom we have issued sale bill in next FY.
Whether he falls in the catagory of sundry creditors
or
Sundry creditors includes only a unpaid seller whom we have not paid yet.

Please clarify.

can anyone tell me whether DFRC (duty free replenishment certificate) is freely transferable or not??? & how exemption is claimed is it after export or it can be claimed at the time of import only.

hello, my friend is working at a mnc as article now and going to give her ca final attempt next year and she is pursuing b.com from ignou and after completion of ca she is planning her further studies abroad . please suggest her whether to go for mba or anyother such courses so as to settle with a job at any mnc latter and whether to go for it immediately after completion of CA or better to get some work experience as a CA here at some mnc..she likes managment,finance and taxation fields...and also if MBA is degree from ignou is valid??...plz help her...thanks in advance...

Is there any penalty applicable if TDS is not deducted but paid.