Hello Sir,

Our factory premises is registered Under MP Vat, however our Head Office is in Mumbai.
Now my query is if the goods purchased in Mumbai should charged with CST or Vat.
We have only registered under MP Vat.
Will it be charged on the basis of Delivery Address or as per TIN Registered ?

Dear Expert,
Plz provide me the solution ...If a comapany show negative cash balance in books of account..owner of the company does not know much abt this adjustment. This negative cash balance is due to heavy cash deposits in bank.Plz Suggest me the way hw i can adjust this negative cash or the way cash can be generated

i have file itr-2 of third party for ay 2010-11. There is refund of Rs.37778/-.
But they have demand of tax Rs.2540/-.
how can i sole this query???

Threshold limit for TDS on Rent is 180000/-.
While considering 180000 whether income from any other source is also included. For ex. suppose One have income from Business Rs. 550000/- and Rent income is Rs. 120000/-. Whether Tax will deducted on Rent Income?

my assessee use on equipment for manufacturing good life of this equipment is hardly 1 year(equipment replace yearly)
my query is how to treat in accounting ?
repairs or maintance or current asset?

If two separate bills are raised for a work done, one for material and one for labor, can the reverse charge liability of service tax be avoided for work contract as first can be treated sale from that party and second can be treated as pure labor contract with that party and since pure labor contract are outside the purview of reverse charge for work contract and only a contract in which VAT paid material is also transferred along with the labor are covered ?

hi everybody,
i am ganesh working in software company. now i got good offer in mnc company. they need my last year form 16 with salary slip details as a joining document. but my friend said that they can easily see my form 16 (past 5 years)
without my permission.

i don't think so how can see my details (tax) without my permission. kindly let me know is it possible.. if you say 'Yes' then 'How'.

Pl Advise me for this case..

Dear All EXPERTS,

My situation is as follow:

I have started working as a freelance web developer and software developer in 2004 from my home. By 2006 I have got an office space, started hiring a few team mate. Now I have 6 employees working for me as a proprietorship firm.

My turnover is around 50-60 lacs in the last fiscal year. I pay around Rs.10,000 per month as salary per team mate. Our team have been existing for the last 2-3 years.

Now I am planning to form as a private limited company with an authorized capital of Rs. 50 Lacs.

And I'll have a new investor who will invest Rs. 20 lacs in my company.

My business target for the next 1 year is around Rs. 2 crores in gross turnover with Rs. 70-80 lacs profit before tax.

I also want to provide shares to all my 6 team mates.

So, in the present scenario I want to know what is the best suggestion for allocating shares among Me, Investor and 6 Team Mates.

Any suggestion and inputs are highly appreciated.

Thank you in advance for your valuable time.

Mr. Kumar

please tell me what is the remedy if principal auditor restricts to give transfer\termination in the first year of articles?will institute help in this matter? please answer this query as soon as possible.

Sir,
I am student of C.A final doing articleship from Mumbai, wanna do Industrial Training in good industry. I am in last year of articleship.
Is there any vacancy for Industrial Training in Mumbai please inform me the same.

id: fatnani.hitesh@yahoo.com