dear sir

give me a suggestion that : i have to enter electric bill from 1.03.2013 to 2.04.2013 having Rs. 8500.00 due as on 8.04.2013 i have to pass two entries

iN F.Y 2012-2013
Electricity expense
Prepaid Electricity exp

Electricity expenses payable

In F.y 2013-2014
Electricity expenses A/c
to Prepaid Electricity expense ?

or In expenses taken as provision fully in f.y 2012-2013 as
Electricity expense A/c Rs.8500
Electricity expenses payable 8500.00

Dear team,

A Company paid MAT during FY 2012-13 regarding Mat for the year 2010-11 based on reminder demand notice received during FY 2012-13 along with 234 A,B,C Interest, my doubt is whether Mat paid in excess of Income tax exclusive of cess, surcharge and interest can be can be carried forwarded for successive 10 assessment years since the company paid tax along with 234A interest.

Facts are as follows...

For FY 2010-11 Income tax is nil
so company doesn't paid any tax. during the FY 2010-11 company received demand notice to pay mat along with all interest, but company doesn't paid any tax during 2011-12, again the the company got remainder notice during 2012-13 FY and paid the tax along with all interest.

Sir,

statement of Profit and Loss (Revised Schedule VI) - Revenue from Operations are more than 1 core:

My question is; (a)If Sale value of products includes; (i) Sale of products value, (ii)Excise Duty & (iii)Sales Tax(VAT/CST).

And as far as Sales tax collections & payments thereon are concerned;
In each & every month it involves 2 points;
1)Collection of sales tax shown in sale bills separately.
2)Payments will be made to the concerned department after deduction of the following;
(a)Input Tax Credit (separately accounted on all eligible purchases made)
(b)Deferred Sales Tax (eligibility awarded by local state government)

Then how to disclose the following in statement of profit and loss & in its notes;
1) sale of products value - Gross/Net ?
2) sales tax collections made
3) Input tax credit
4) sales tax payments made
Thanks,
Koteswara Rao

Is there any type of Tax on Sale of Ancestral Agricultural Land in Rural Area

What according to Income Tax is a Rural Area Definition as far as sale of Agricultural land is concerned ???


Thank you very much in Advance

sir,
is there any due date within which one has to update his articleship working diary
is it really mandatory to update/maintain working diary?
pls help me out

sir i have registered with board as on 30/09/2012 now i'm taking transfer to other firm & i have obtained the consent from my principal in form 109,please tell me the procedure for transfer

We have filed the tds return for q4. While trying to download form16a from Traces, we have entered the wrong password. As a result the account has got locked. The error whichis displayed by the site is "account locked. try after one hour". but even after two hours we are not able to log into the site.

Please help.Tried contacting helpline, but no response as it is only ringing.

Regards

Viswanathan

I have completed my 2years articleship on 2nd june,2013 but i havent passed group 2 of ipcc, can i take termination from the current principal for the sake of industrial training and then join later when i will be eligible i.e after passing group2 of ipcc, is their any time limit within which i should join industrial training after taking termination??
please do reply me

Dear sir

Please provide the Base act/rule/section under which the tax on withdrawal of EPF amount befor the Five year of Service.

A company is registered in mumbai & Employee is working in delhi office then is there any liability to deduct Profession Tax.