A company "X" has taken loan from company "A" and provided the same at higher interest to company "B". The situation was like this that X received interest from B and paid to A and on the net interest amount, paid tax.

Now for FY 2012-13, company B made provision of interest payable to X and after provision of TDS filed the TDS return. After some dispute, B is not paying interest to X and now it seems that the loan given would be a bad debt. In such a case, on part of X, actual cash/cheque received for 2012-13 is NIL but it has to pay tax on interest provided by B in the TDS return as the interest and TDS are appearing in Form 26AS.

Is there any provision, law or case law on the basis of which X does not book the income for 2012-13 (as it is not going to be received anyway), and does not claims the TDS amount also? Please help, its urgent.

i m cs exe level student i m complete my part time mba then can i get exemption in cs exe account subject based on part time mba degree.

dear Sir,
Iam 38 yr old mcom grd and working as a/ctant and i have 8.5 yrs exp. in a/cs now iam feeling like that i know 30% abt a/cs so i want study regarding a/cs like ca or other with correspondence so which course do i take
pls suggest me(my nature of work statutory rtns and day to day a/c for some co.)

Can we debit 'Remuneration to Directors' under the head 'Employees benefit exp.'

Please revert..

Dear Expert,

I am working in a private co. who is liable to pay service tax under reverse charge mech. but it is not registered under service tax.

so we want to take benefit of this new scheme2013. Please tell me whats the procedure to calculate & pay tax under this scheme.

Is there any different procedure to apply service tax no. under this scheme????

i m persuing ipcc n also have give exam of both group ...now i want 2 join any odr course wid ca so pls suggest wch course is better wid ca .....

Dear Expects,

Please provide the details servcie tax applicable or not in Jammu and Kashmir.

If not applicable please provide some doucmens for our reference.

Dear Sir/Madam,

I had raised Query in Expert Penal on 22.05.2013 in G.T.A. under Service Tax but I can't get any reply till date.

Now I wants to know that whether any time limit for such reply or any other way to resolve my Query in CA clubindia ?

If there is any way to close unsolved Query from CA clubindia if no reply from any expert till so much days or any other way out ?

Please Guide me.......

CA.Jignesh R Joshi

Whether Service Tax applicable on Demurage?
Example:
We import some material and Lay time given in contract to unload the Ship with in 5 day(Say in Paradip Port).if we unload the material from Ship with in 4 days then exporter give us 1 day Demurage (Despatch Earning) in USD on the basis of our Debit Note.
Question: Whether we charge Service Tax in Debit note which raise to Exporter? If so in which Service Tax Rull?

section 225(2) of the Companies Act,1956 says that, On receipt of notice of such a resolution, the Company shall forthwith send a copy thereof to the retiring auditor.

I want to know that, who will send such resolution to the company?
and complete interpretation of this sub-section.