Dear Experts,
A Ltd. purchases a machinery for Rs.1000000 plus VAT 100000. On the year 1 he has utilised 50000 VAT input credit for his VAT liability. Now on the 2nd years the machinery is sold, what has to be done at this stage now.
Thanks & REgards,
RAjesh.

suppose i am receiver of service and goods transport agency charged me bill inclusive of service tax. and i paid him entire amount inclusive of service tax.
Now as per reverse charge mechanism i m liable to pay service tax (being service receiver) so now what i should do?? i should pay the service tax amount to government?? or my liability is discharged by paying the amount to transporting agency..??

Hi Experts,

I am supposed to appear for CA Final examinations in Nov 2013.

Please advise on methods of self study, which reference notes and reference books to use.

Also advise on methods to complete the course in the due time in self study.

Eager to hear your valuable reply.

-Darshan

What is a Sale on Consignment ? How it is Accounted for.

How the same has to be shown in the stock and how to revalue for the same. kindly explain.

What is a rule for deducting TDS
Method 1)When bill recd. for the month of may 2013 and the date is mentioned as 01-06-2013, bill booked for the month of may 2013 and TDS deducted and deposited on 07-06-2013.

Method 2) Bill recd. for May 2013 and date is of 01-06-2013, bill booked for the Month of June 2013 and TDS deducted for June 2013 and deposited on 07-07-2013.

From above which is the right method. Pls. explain with rules and regulations. thanks

Dear Friends


Kindly Suggest whether Prior Period Expenses are allowed in Income Tax or Not???


I have gone through various Judgments on the said matter and found it complicated ... and need help of experts...


Further i have one more doubt whether section 28-40 of Income Tax Act is applicable to Charitable Organisation or not???

Example :- Suppose a Charitable Organisation makes payment to its consultant or employees without deducting tax at source as required under section 194 & 192 of Income Tax Act

Whether such expenses can be disallowed by Assessing Officer???

I got a problem while paying income tax online. Can you please help me?

An example of my tax calculation is like -
Total tax : 10000
edu cess : 100
total : 10100
secondary & higher edu cess : 50
total : 10150
advance tax : 7000
interest : 150
amount payable : 3300

While paying tax online from my bank's website the form is like :
Basic tax:
surcharge:
Educ cess:
Penalty:
Others:
Interest:

Now, should I put the payable tax amount "3300" at "Basic tax" and put others "0" or what to put where?
Please help.

respected sir/mam i want to ask what is the treatment of money or assets received by the married daughter on his marriage from his father and is there any difference if she is minor plz.

SIR/MADAM

I HAVE PASSED M.Com. FROM GUJ UNIVERSITY IN YEAR 1999.
THEN I PRACTISING AS A LAWYER TILL DATE
BUT NOW A DAYS I WANT TO BE A CA
CAN IS IT POSSIBLE ?
IF YES THEN WHAT I SHOULD DO FOR THE REGISTRATION AND WHAT SUBJECT EXMPTED FOR ME.
I WANT TO APPEAR FOR CA EXAMS.
PLEASE GIVE ME DETAIL AS EARLY AS POSSIBLE.

if a person does not have an a/c with bank say central bank but he is taking loan from that bank then what will be the journal entry for that?will it be
bank a/c dr
to loan taken