sir ,
how could we adjust excess cash in a firm on balance sheet date ?

WE ARE MANUFACUTURER, OUR UNIT IS UNDER CONSTRUCTIONS AT LUCKNOW.ONE OF OUR SUPPLIERS,IS SUPPLYING RMC MIXURE FOR USING IN CONSTRUCTION.

WE ARE REGISTERED UNDER THE FOLLOWING AUTHORITIES,DEPARTMENTS.
a)CENTRAL EXCISE,b) UP VAT DEPTT, c)SERVICE TAX , d)TAN UNDER INCOME TAX .

BUT, WE HAVE NOT TO TAX DEDUCTION ACCOUNT NUMBER UNDER UP VAT DEPTT OR NOT APPLIED.

THIS SUPPLIER IS CHARGING VARIOUS TAXES IN HIS TAX INVOICE ( SUCH AS ,EXCISE DUTY @2%, UP VAT @12.5% AND ALSO TRANSPORTATION CHARGES)

OUR FIVE QUESTIONS ARE TO CONCERN THIS.

1)SHOULD WE DEDUCTED TDS @1% UNDER INCOME TAX ?
2)SHOULD WE DEDUCTED TDS @2% UNDER UP VAT ACT ?
3)SHOULD WE TAKEN IN PUT CREDIT UNDER EXCISE ?
4) SHOULD WE DEPOSITED SERVICE TAX ON TRANSPORTATION @12.36% ( AS CALCULATION (TRANSPORTATION LESS REBATE @75% = NET TRANSPORTATION ).

PLEASE CLEARFY.

THANKS

VINAY KALE

RESPECTED SIR
THANKS FOR SHOWING INTEREST IN QUERY

A CONTRACTOR TURNOVER 2100000 P.A 21000 TDS DEDUCTED 194C
N ALSO RECEIVED RENT ON PLANT & MACHINERY
1200000 P.A ,,,TDS 24000 U/S 194I

THEN MY QUESTION IS
1 CAN WE ADOPT 44 AD
2 RENT ON P&M TAXABLE IN WHICH HEAD
3 AND TAXABLE VALUE OF RENT(12LAC OR 12LAC- PLANT EXP.)

I am a small businessman doing business since 8 years.I had not maintained accounts till last year & not filed returns.I have started maintaining A/cs this year(2012-13).I have a car purchased 4 years back for Rs.2,10,000 & motor bike purchased 2 years back for Rs.45000.Shall i take into the books at original cost or after deducting depreciation for 4 & 2 years respectively.

I hav to know wheathr

1. security law & compliance
2. Economic & labour Law

can be prepared self Or require any coaching. som1 tell me that both the above subject contains some difficult law term which is not understandable even you fully go through any type of book or study material. only a best knowledgeble teacher can help u to conceptully undrstnd it...
please help me to overcom this i'm a villeger far away frm city.. not able to go any class.

Dear Experts,

Please tell me CS articleship Duration & from where i can get that particular Company is Imparting Practial Training.

Hello friends & respected CCI's member I have cleared my Executive exams & i want to register for Professional.Kindly tell me whether i can register for it online or not??? Till yesterday on Institute website Payment Gateway was available for online Payment but today it is not there??? Plzzz Help its urgent If you know how to get registered with professional programme without visiting Institute then kindly share it here. Looking forward for a positive response....

Hi,

can i do CA final in Canada??...or do we have exam center in canada??... if yes what is the procedure??....i surfed , it says that we have mutual agreement btwn ICAi and CICA, they will recognise qualified CA.. What about semi qualified CA??...

Kindly reply me Asap
Thanks in advance

we have one new incorporated company ,,we want to know whether the auditor is appointed or not in such company. Then what is the procedure????????????/

In Sch BP of ITR 3, there is a column for expenses in relation to income from salary & interest from firm.

What deductions can be claimed in that as expense?