A public Charitable Trust has a total receipts of 2 Crores but total income of 1.2 lakhs after claiming exemption under sec 10(23)C. Is the trust liable for Audit under any of the provisions of the Income Tax Act.

i want to know which is the best book for ipcc income tax.

we are a software developing co and crossed 9 lakhs of billing and applied for servicetax registraion and yet to get the registration no. Can we bill by charging service tax before getting the service tax no

Hello everyone,

one of my client runs karaate classes. and his gross receipts in fy 11-12 was 40 lacs.

whether income will be treated as business income or professional income?

By mistake with regards to selection of eligibility criteria for examination as, Direct Entry for Cost Accountants and Company Secretaries in application form instead of Direct Entry for Graduates and Post-Graduates.

what i can do to rectify and get eligibility to appear in exams under the catagory

iii)(a) Direct Entry Scheme - Graduates/Post Graduates Converted to Intermediate (IPC) course /ATC from Intermediate /CPT/PEII/ PCE/IPCE & completed/would be completing 7 months of Articleship and study course on or before 30-04-2013 .

please reply ASAP I and worried a lot

Can I appear for may ipcc exams 2013

Hello Sir,
Discount allowed on service bill is it deductible for service tax, i mean is service tax charged on net service bill
i.e Party's A/c Dr
To Sales Service
To S.T @ 12.36%

Discount A/c Dr
S.T @ 12.36%
To Party's A/c

Is this entry correct and then ultimately ST is on net bill.

Dear Experts,

We are a SSI in Chennai, we have availed excise exemption under notification 8/2003 for the F.Y.2012-13 We are also having a SSI unit in Himachal pradesh where Excise is exempted under notification 49 & 50 dtd 10.06.2003 My query is are we eligible for excise exemption under notification 8/2003 as the turnover in Himachal pradesh unit exceeded Rs.4 crore, where as in Bangalore was Rs.1 crore in the P.Y.2011-12.

We have been awarded a construction project in chattisgarh. We are registered vat dealers in the state of Andhra Pradesh and are not registered in chattisgarh. We intend to buy equipment for the project worth 3 crores. The taxes applicable on this machinery are around 14.5%. While executing the work is there any provision to claim this tax as input. Ashok 9848022889.

if a promoter of a private is a foreign citizen of indian origin ie born in india but has now adopted citizenship of another nation-what is procedures to be followed in incorporation ?

2)what is impact on declaration attached with form 1 stating all are citizens of india .

1)can short term capital loss on sale of shares be adjusted against short term capital gain on sale of residential flat.
2)can short term capital loss on sale of shares be netted off for arriving at total taxable income or to be carried forward to next year.