we have a contract with a service provider to provide a vehicle for office staff at monthly fixed amount Rs45000. Does we fall under the ambit of reverse charge

Mr. X has filed his return of Income for the Assessment Year 2011-12.
Mr. X has a Commission Income and received the payment after deduction of TDS.
Master X (DOB 23/06/1995) a minor has also a Commission Income and receive the payment after deduction of TDS.
Mr. X filed return of his Income along with clubbed income of his Son Master X claiming TDS Refundable.
Mr. X got the refund of His part only but he did not get the refund of TDS of Master X.
Now suggest What Mr.X should do to get the TDS refund.

Dear Members

A dealer engaged in fruits trading wishes to know how to account for fibre crates which are used for delivering the products to customers and are taken back empty from them.


Should they be treated as stock in trade or written off to profit and loss?

They can't be taken as FA since it is routing purchase for the said vendor.

sir,which authors book shall i follow and solve.
as i am doing self and not willing to go for tuition.
the book which starts with basic concept and ends with high level questions.
the book which starts with basic questions and then the level questions.
the book which is full solved so that any doubt could be immediately solved and more immportantly the mistake could be rectify easily.
hoping for a quick and admirable response..

Hello everyone,

one of my client is a building contractor- he has starting working on a contract but has not registered MVAT.

Now builder want my client to issue invoice with MVAT. i have applied for MVAT regn but it will take a week to get MVAT no.

My question :
can my client raise invoice with MVAT and if yes then at what rate if he wishes to go for composition scheme ?

Hello everyone,

one of our client is a building contractor. He issues single invoice for material and labour (without bifurcation)

At what rate service tax should be charged by the assessee under the composition scheme ?

Can any one explain in short the case of - COMMISSIONER OF CENTRAL EXCISE v/s KERALA STATE ELECTRICITY BOARD (2006)?

Hello everyone,

M/s. ABC & CO (firm) entered into agreement with M/s. XYZ & CO (firm) for construction of residential flats.

They entered into joint venture and decided to share profits and losses equally.

My question :
How to get their MVAT/service tax regitration ?

Dear all,

in fy 12-13 pvt limited compnay had sold a car for 25 lacs which has purcased under loan during 11-12 for 6358924 which has WDV as on 1 Apr 12 is Rs 5882004.

Now how much should i record as loss on sale, depreciation and capital gain would be short term or long term/

Regards

One person to file returns from ay 2007-08 . there is a tax liability in the year 2007-08 Rs 4000. should I calculate interest u/s 234 A. No tax paid till now.