For the FY 2013-2014 (Py 2012-2013)how much deduction can be claimed under sec 80.

a)The aggregate of Section 80C, Sec 80CCC & 80CCD should not exceed Rs 1,00,000

b)My doubt: adding to point (a),still do we have 80CCF exemption?

c) Newly added sec 80CCG (Investing in mutual funds & shares) max of 50K, eligle for further deduction of 50%.Is it applicable?

My question : Max deduction is 100000(80C)+20000(80CCF) or 100000(80C)+25000(80CCG)

If a company is engaged for advertisement by ABC Co.with contracted value of RS 1,00,000 +service tax. If he make partpayment of rs. 15,000 + service tax . what is the journal entries for this and payment entries in the books of ABC Co.?? Please help me with this????

The interest has been recovered on mobilisation advance given by the contractor from the sub-contractor in the form of Recovery from the bills payable. Whether TDS provisions will apply on the recovery of interest directly by the main contractor from the sub-contractor in the form of Recovery.

thanking you

What VAT rate should be charged by a medical store???
Is there any composition scheme available for that???

MY CLIENT IS A REGD. DEALER IN MAHARASHTRA HE IS PURCHASING GOODS FROM GUJARAT AND SELLING IT TO KERALA WITH INSTRUCTION TO THE PARTY FROM WHOM HE IS PURCHASING TO MAKE DELIVERY OF GOODS DIRECTLY TO KERALA. WHAT ALL FORMS AND PROCEDURE WOULD BE REQUIRED.

WAGES TO CONTRACTOR for supply of labour- Rs. 235969/-
SERVICE CHARGE FOR SUPPLY OF LABOUR- Rs.10150/-

PAYMENT HAS BEEN MADE FOR SUPPLY OF LABOUR.

Please help me regarding deduction of TDS & applicability of Service Tax on Above.

Please advise regarding practically normal time period between request of the share holder for share split and transfer.

Thanks in advance

My firm has VAT audit,sales tax,few service tax clients and many income tax clients.its a small firm and also the income tax returns are prepared thru a software.so shud i continue with it for 3yrs o shud i opt for other?will this firm benefit me in long term???its just 5mnths m here.

i have registered myself for ipcc under direct entry scheme but due to some reasons i want to get out from this scheme and want to enter ca course through cpt.....is it possible to convert from direct entry to cpt...PLZ REPLY...

Dear All,

I am getting confused which book to follow for Direct Tax and Indirect Tax for CA Final. Whether to follow Institute MAT or go with Vinod Gupta for DT and V. S. Datey for IDT. Please suggest.