DEAR SIR
WE ARE PVT LTD MFG.CO, REGISTERED IN EXCISE & SERVICE TAX, WE GET REPAIRED OUR MACHINE & MACHINE PARTS FROM OUT SIDE OUR CO. FORM DIFFERENT PARTIES. THE PARTIES WHO HAVE DONE WORKED FOR US IS NOT REGISTERD IN SERVICE TAX. THERE BUISNESS IS ALSO ABOVE RS 10,000,00/- PER YEAR & THEY ARE NOT CHARGING SERVICE TAX ON THEIR BILLING. NOW I WANT TO KNOW IS THEIR OUR LIABILITY TO DEPOSIT SERVICE TAX ON BEHLAF OF THEM IF YES THAN PLEASE TELL ME RATE & NOTIFICATION NO.
hello sir. there are few query which are below:. 1. what is limit for sale which come under excise act 2.we current come under sale tax .. we are engaged in manufacture packaging material business and manufactures is on basis of jobwork from outside. and we supply printed packaging material to exporter for their packing purpose of their food grain item which to be exported. and they issue us h form and b/l against our sale .. so this sale is exempted from excise or nt and currently our turnover is above 5cr is it neccessary to register under central exise..
Wheteher any CA firm send a letter for appointment in banks audits with resume of their firm to various banks without their offer for resume.This case is covered under professional misconduct or not.
Respected Sir/madam,
I've a query regarding depreciation.
Why there is no uniformity in depreciation on assets? for eg.Building-5% & 10%, furniture-10% ,Machinery-15% & etc., & can we claim depreciation. Please explain me in this regard.
Thanking you
your's reply anticipator
Ajay
Hello,
Pls asnwer to this query.....
I am a salaried employee of Company A and it had filed TDS for me in FY 2010-11 (AY 2011-12) correctly. I had filed returns (ITR-1) accordingly. A couple of weeks back the local income tax office contacted my permanent residence phone number and told that there was TDS filed by another company (Company B) for FY 2010-11 and I had not mentioned it in the ITR form, hence they are going to levy a hug fine on me.
I was surprised and puzzled and went to the TRACE system and found that the IT officer was correct. Company B had filed taxes for me in FY 2010-11. For the record, I have never ever worked for Company B in my life. I had not even heard of the company until now. The IT office is not willing to listen to me and adamant of levying the fine.
I am really confused on what I can do to correct this. I have the TAN of Company B (which they used to file taxes) and the company name. Not sure, if this was a genuine mistake on part of B (they mistyped the PAN and it matched with mine) or if some kind of fraud is going on.
Any suggestions on what my next steps should be?
I am a member of the Employees Provident Fund and have been voluntarily contributing 100% of my basic salary (Rs.6,500/- per month) for the last several years and have been able to save a significant amount in my EPF account as part of my retirement planning.
I am not married and do not intend to get married or raise a family. Hence, I have nominated my younger sister to be the beneficiary of my EPF corpus in case of my death.
I have just come across 2 clauses in the EPF scheme which has me worried:
1)"If a member has a family at the time of making a nomination, the nomination shall be in favour of one or more persons belonging to his family.
Any nomination made by such member in favour of a person not belonging to his family shall be invalid."
2)"a family” means—
(i) in the case of a male member, his wife, his children, whether married or unmarried, his dependant parents and his deceased son’s
widow and children."
My queries are:
a)whether, after reading these two clauses, my sister's appointment as my nominee is legal and valid since I have no "family" as defined in point 2 given above,
b)that the entire amount(corpus) in my EPF account will be handed over to my sister without any undue complications in the eventuality of my death,
c)can I also appoint my brother or nephew or cousin as my nominee as long as I am not married and do not have a "family" as defined in point 2 above?
Thanks and Best Regards/Kapil Tiwari
I am in the Maharashtra State and i want to know as is PT registration is must before VAT and CST Registration.
It's urgent please any one revert back ASAP
Hello..i cleared as a ca this may..i hv applied for full time cop which is yet to come..nd currently m wrking in a ca firm..so i want to knw is this allowed ??
Secondly, as and when i receive my full tym cop, hw to make it a part tym cop, hw lng does it tk ?? And whthr with part tym cop, cn v work in any industry other than a ca firm ?? And will this in any way affect my being an FCA aftr 5yrs.
Do reply !!
I had appeared for ipce gr1 may 2012 and cleared it , but still i didnt recieve marksheet from institute , please suggest me what to do ??
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Service tax on repair to machinery