Dear All,
This is the case of exporter- One of our client record Export sales after received Bill of Leading (i.e. first dispatched the good from office premises and after loading on ship, B.L. will received and sales will booked.) this process of booking of sales has been followed whole of the year.
In the march 2013, some of goods purchased and dispatched from office premises but B.L received in April. Whether sales booked on March or April?

Please suggest about the accounting and Taxation issues.

Hello Sir,

1) our company service tax registration in noida now our company moved to gurgaon so please suggest me should i surrender the service tax ST-2 and take the new ST-2 from Gurgaon .

or can we centralized the ST-2

Please suggest to me .

Sir

i am doing individual tax computation i came a situation that my client is doing short sale of securities please tell me the tax implication as early as possible

A PERSON WAS IN EMPLOYMENT ,HE HAS EARNED 60000 AS SALARY INCOME FROM APRIL 2012 TO JUNE 2012,AFTERWARDS HE HAS CHANGE EMPLOYMENT ON PACKAGE OF 5 LAC

HOW TDS WILL BE DEDUCTED TAKING INTO A/C PREVIOUS JOB SALARY?

1. Do Executive Director necessarily be a Whole Time Director?
2. Can we increase Executive Director's remuneration without taking CG approval?
3. Do we need to file Form 25C for appointment of an Executive Director ?

While going through the Form 16 for FY 2013-14 issued by my employers, I found that they have erroneously shown a deduction of Rs. 80000/- under section 80 E from my taxable income which I never claimed at the time of submission of proof resulting in short deduction of tax of about Rs 16319/-. As I wish to disclose this amount of Rs. 80000/- and pay the tax, please advise how to do it without having to pay penalty and interest because my employers deducted and paid less tax.

I have encountered a situation for which i require solution in respect of Deferred Tax.

For eg facts of the case are as follows :

Suppose the data given below is for FY 12-13 :

Particulars- Accounts
Loss Rs.(250,000)
Less: Depreciation as per Companies Act Rs. 170,000

Net Loss Rs.(420,000)


Particulars- I T
Loss Rs.(420,000)
Less: Depreciation as per I. Tax Act Rs. 90,000
Less: Preliminary Exp U/s 35D of I. Tax Act Rs. 10,000
Add: Depreciation as per Companies Act Rs. 170,000
Net Loss Rs.(350,000)

For the situation given above,

1)Do we have to calculate deferred tax on only UNABSORBED BUSINESS LOSS,

or

2)Deferred Tax is calculated on all the following items :
a)Depreciation
b)Preliminary Exp U/s 35D
c)Unabsorbed Business Loss

Which of th above option should be considered for deferred tax calculation

Yours early reply will be highly appreciated.

Urgent please

Dear Sirs

Please give me answer to the following queries

We are transferring company vehicles to sub contractor for amount due to him.

Can we mention this fact in sale deed?

What is the journal entry for this transaction?

TDS IS TO BE DEPOSITD TILL THE 7th DAY OF THE NEXT MONTH.IN CASE IF 7th DAY IS SUNDAY WHAT WILL BE THE DUE DATE?

As per act late fees for filing tds returns to be paid before filing return. What is the consequences if returns are filed before paying late fees