HELLO,,I AM A CA FNAL STUDENT AND I WANT TO KNOW WHAT IS THE PROCEDURE FOR APPLYING INDUSTRIAL TRAINING IN A COMPANY?

The benefit of Abatement is available on various taxable services vide Notification No. 26/2012, which inter alia, reads as follow:
"hereby exempts the taxable service of the
description specified in column (2) of the Table below, from so much of the service tax leviable thereon U/s 66B of the said Act, as is in excess of the service tax calculated on a value which is equivalent to a percentage specified in the corresponding entry in column (3) of the said Table, of the amount charged by SUCH
SERVICE PROVIDER for providing the said taxable service, unless specified otherwise, subject to the relevant
conditions specified in the corresponding entry in column (4) of the said Table"

In view of the expression 'Such Service Provider' it appears that the benefit is applicable only to service provider and therefore a service receiver liable to pay tax under reverse charge is not entitled to claim abatement.

Kindly clarify.

As per Rule 48(a)(iv) of Company Secretaries (Amendment) Regulation, 2001, a person having served as Assistant for more than 4 years in any field like Finance, Accounts, Legal, Administrative or Secretarial department under a State/Central Govt. with fixed assets of Rs.50L or more can claim exemption from 15 months practical Training. Does the definition of such an Assistant also include a “Personal Assistant” under the Govt.? Please define “ASSISTANT” under the said Regulation with special reference to the status of a “PERSONAL ASSISTANT’ attached with Top Executives under the Govt. and also clarify in clear terms if such a Personal Assistant having practical experience for more than 4 years under the Govt. would qualify for exemption from Training? Warm regards.

I was a partner of partnership firm which dissoluted last month. ITR for the firm or its partners was not filed for the financial year 2011-12. As part of dissolution we like to file all pending ITRs for the firm and partners and close the PAN of the firm. My accountant says each partner must have Digital Signatures to file ITRs. We do not come under any auditing. Is it mandatory to have digital signatures to file ITR. Is there any rule or so. Is the accountant asking for a unnecessary thing.

Kindly reply.

Thanks in advance.

Now as per latest budget TDS has to be deducted in
Case of sales deed more than Rs. 50 lacs so assessee has to obtain different TAN for this? Or he can continue with same TAN
Kindly suggest the form for it as well 49B..?

If I make gift by cheque to my son, daughter wife & HUF . if they invest it in FD in a bank & get interest. My query is that in whose income the interest will be added & taxed

Service provider has obtained st registration in F.Y 2009 - 10 without crossing 10 lacs limits. firm has not charged service tax to its customer.
1. whether after obtaining registration SSI unit is liable to pay service tax or exemption of 10 lacs will be applicable
2. in F.Y 2010 -11 also SSI exemption will be available since in preceding year taxable limit has not crossed Rs. 10 lacs and start paying service tax only after crossing limit of Rs. 10 lacs.
3. in F.Y 2011 -12 exemption of Rs. 10 lacs will be available or start paying service tax from Rs. 1/-

I have recently started a partnership business last year with my mother. My nature of business is consulting services. I have some queries as below. Please help me.

1) I have paid the service tax which i collected from the clients. But how should be it shown in accounts. Do I have to debit service tax paid in P & L a/c. Will I get deduction for the same.

2) My total receipts for the FY 12-13 is around 30 lacs. So I believe there is no tax audit required. But can someone please provide a specific format for preparing a P & L a/c & Balance Sheet.

3) As of now there are no employees as partners themselves are providing the consultancy service. There is a remuneration clause in deed to be paid in ratio of 80.20. So should we actually show remuneration paid through firms bank account & what would be the accounting treatment for the same.

4) Also if remuneration is paid to partners the firm is required to pay prof.tax. However do i have to register for the Prof.tax certificate. Also when I saw the mahavat site for registeration there are two options PTEC & PTRC option so which one should i select. And what is due date or last date for payment of partners prof tax for FY 12-13.

Thanks.

Hi,

I am in process to start "Paper Bags Export" small business from DELHI.

I am not a manufacturer and would buy the products from the local market only.

I have already got the IEC. Can I start finding the BUYERS ?

What should be the next step in order to move forward my business?

Please suggest. Thanks

RESPECTED SIR/MADAM,
I HAVE PASSED IPCC GR 2 ON NOV 12 AND THUS QUALIFIED IPCC BUT TILL NOW I HAVE NIETHER RECEIVED IPCC GR 2 MARKS STATEMENT NOR IPCC QUALIFYING CERTIFICATE .WHAT I WILL DO ?