Sir,If the basic amount of service tax paid in two installment then how the amount of interest will calculate.Suppose If the basic amount is Rs.100/ which due date is 31-03-2011 and we paid Rs.60/- after 100 days and the balance of Rs.40/- after 50 days then pls. advise that how the amount of interest would be calculated.

my client get notice on dt. 30/8/12 for non filing of return for a.y. 2011-12. Now I am filling first time his return. now I want to ask whether I file return u/s 139(4) i.e. e return late filing or file return u/s in 139(9) in response to notice.I file the return tomorrow i.e 31/03/2013. please give me answer on urgent basis. I have only one day in my hand.

a company whose accounting year ends on 31 march 2001 has placed order with X ltd for a machine costing 20 lacs against cash payment during june 2001.the company has added a foot note to the balance sheet as at 31 march 2001 showing separetely that a capital contract has been entered into which requires requires the payment of rs. 20 lacs in cash

is any kind of exemption given to ca students in cs 15 months training.

Hi

I just wanted to know one thing about the applicability of service tax on taxi hire charges. we have hired a taxi and we are paying him Rs. 20000 every month, but the service provider is an individual and not chrged the service tax on such service, so do i deduct service tax on behalf of him and then deposit it to the concern department, if yes then what is the percentage of the same and on what amount it will be deducted??
waiting for the reply

Thanks

I have got mixed compendium of opinions from the expert committee of the institute in regard to accounting treatment of the waiver of principal amount of govt.loan taken for the purpose of capital projects.
Some of the experts have given their opinion in favor of crediting the sum to profit & loss a/c while the others in favor of capital
Reserve.
I personally in favor of the latter.
Seek suitable advice in this regard

Snehanshu

Is there any issue if i dont show any jewellery as asset in my tax return but show the same in wealth tax return

Can a Depreciable capital asset which is used for the purpose of business can be converted into stock in trade?
if yes then how it is calculated?
thanks in advance.

SIR,
TAX CHAALANs wrongly SUBMITTED AS SELF ASSESSMENT TAX 2012-13 instead of ADVANCE TAX PAYMENT FOR ASSESSMENT YEAR 2013-14 ::

since i had wrongly submitted the tax in 4 chaalan as SELF ASSESSMENT TAX (300) assessment year 2012-2013 in place of ADVANCE PAYMENT TAX assessment year 2013-2014..what is remedy for this rectification. SINCE THE AMT PAID IS VERY LARGE, I AM TOTALLY UPSET. THE AMOUNT PAID ON 13-12-12, 05-03-13, 11-03-13 & 27-03-13.

THIS WAS KNOWN TO ME ONLY TODAY. SO PLEASE ADVISE ME FOR THIS PROBLEM.

Thanking you,

Is Service Tax payable on Fees paid to Lawyers Firm by an Individual? (I assume that this is payable by only Non-Individuals). Please guide.