which documents is to be colleted from past management of companies in case of overtake? does all sale bill & purchase biil with vocuhers of cash ,journal of past activities is to be take from them?
thanks

Dear All,
1. The mega exemption notification exempts the services provided by an individual advocate or a firm of advocates to a business entity with a turnover upto Rs. 10lakhs in preceding financial year (Item No. 6(b)).

2. However the Reverse Charge Notification (Notification No. 30/2012-ST dt. 20.06.2012) notifies reverse charge mechanism to be followed for services provided by an individual advocate or a firm of advocates to any business entity located in taxable territory.

My Query is if an individual advocate / firm of advocates provides services to a business entity in a taxable territory having turnover less than Rs. 10 lakhs in preceding financial year, is the business entity liable to pay service tax as per reverse charge mechanism or are such services exempt from service tax as per Para '1' above?

Thanking in advance

1. Can a person gift cash of Rs 2 lakhs to his brother's wife ?
2. Can a lady gift cash of Rs 2 lakhs to her son's wife ?

- Ramesh.

If any vendors fails to charge service tax on its bills and we find that he is liable to charge service tax because his turnover with us is more then 10 lakh in previous year Now whether we should pass this bill for payment ? Again if there is any legal impact or statutory penalty on us.

1.Supply of flore from approved flore mills and deposit price difference amount in the corporation
2 distribution of wheat through KVSS and receiving wholesale commission
3. supply of tea from approved tea companies and deposite difference amount in the corporation
it is totaly about a company received a difference amount of price the company works which stated above

Dear Experts,

We are a Mfg Unit & service receiver, we are paying service tax on the payment of staff Bus hired by us for our Mfg unit under R/C mechanism after availing abatement of 60 %.

My query is, Can we eligible to take Cenvat Credit on the payment of 40 % service tax paid by us ?

Thanks

i have purchased one property having registration value of 1500000/- but i have paid to the seller 22500000/.Now the Income tax department is only considering the registred value for purpose of capital gain computation. What shall i do now. can any one help me in this regard. Thanks in advance.please treat this as urgent and help me.

i have taken admission in ipcc on 6.9.2012
by clearing my cs inter nd i want to knw tat wud b able to give exm in may as i hav not done my ITT nd Orntsn neithr i hv strstd my articlsp ?? please tell

Hello Sir,
I had to stay on a rental property for a period of 6 months due to repair work in my self owned property. Please advise if i can claim HRA for these 6 months and also interest in full on self owned property.
Thank you!

Dear,

My Boss has taken an Insurance policy for which he pays a Premium of Rs. 100,000.00 in FY.11-12.

the entry posted by the previous accountant was as follows:

Dr. Insurance Investment 1 Lac
Cr. Bank Acct 1 Lac.

Please advise if correct.
Also, the entry for this to be transfered to Prop. Capital acct will be ???