My query is whether section 40A(3) is applicable to Charitable trusts?For instance if a charitable Trust makes an expenditure by paying cash exceeding Rs.20000, then will it be allowed for Deduction?

is it necessary to record foreign exchange fluctuation difference if payment for the entire purchase transaction is made in advance before the goods are actually recieved and recorded in accounts.

Dear friends,

I need to apply for DIN so that I could be appointed as a director in a company. Kindly provide format of appointment letter as a director & deceleration letter for DIN1 Application in Rs. 10 stamp paper.

Where will we show Income Tax Demand of A.Y 2009-10 in P& L Of a Pvt. Ltd Company of A.Y 2013-14.

The articles of association of Excellent Results Ltd. provide that a meeting of the
Board of directors shall be held at 2.00 PM on the last Friday of every quarter ending on
30th June, 30th September, 31st December and 31st March every year. Relying on the said
provisions, the company did not send notices to the directors in respect of a Board meeting held on Friday, the 28th December, 2012. Some of the directors have questioned the validity of the Board meeting on the ground that separate notices have not been sent to directors. Advise the Chairman.

What is the difference between working as an article clerk in the big4 and rest of other firms?

I want to convert infrastructure company into financing company? what are the rules and procedure i have to follow while this procedure?

Dear Sir,
please confirm that is it mandatory to file form 23B by a ca for the F/Y 2012-13 and what is the penalty if CA not file the Form 23B and sign the balance sheet/ Audit Report

Thanks in Adv.

Material Cost @67% calculated on Taxable Amount and Labour cost 33% calculated on Taxable amount, service tax calculated on Labour cost (33 x 12.36% = 4.0788%). 4.0788% calculated on total Taxable amount.

Material- 1,59,01,413 x 67% = 1,06,53,946.71.
Labour - 1,59,01,413 x 33% = 52,47,466.29

Service Tax - 1,59,01,413.00 x 4.0788% = 6,48,586.833
Service Tax - 52,47,466.29 x 12.36% = 6,48,586.833

Is it Correct or not????

whats is the criteria for registration for VAT AND TIN NO. any turnover base or ant othe plz reply