In a bill from supplier, VAT has been charged on HIRE charges of the returnable packing bins. The same bill has Service tax on Service charges.

We only book against Service tax a/c and Supplier(including VAT)and claim credit on the Service tax part of the bill as we get only one original copy for submission.

I am not clear about the process of submitting original bills for claiming credit. Pls advice me how to claim credit for both the taxes charged by the supplier.

I have recently completed my ca ipcc inthe second attempt with 400/700 marks
doing my articleship in a medium sized firm in hyderabad
i want to get a starting salary not less than 10 lakhs per annum,but worried as only first attempt qualifiers and rankers will be considered for that.
can any one suggest what should be my future course of action(having any other qualifications beside ca) so that i can compensate the loss done?
i have completed my bcom and have plans to do cwa/cs.
does a course in sap fico really help?

i want to take excise registration for dealer but i have no godown i have only office and i m not stockist. As per order i have purchased and directly dispatched at my client site. is it possible without godown i can get excise registration?

please reply

Hi all

I am chartered accountant working in a state government company as Deputy manager. Now I want to start a consultancy work as part time. Can I apply for COP and do consultancy jobs(Other than statutory audit).

Thanks

if an item coming under sec.43b disallowance , say cess payable is ommited to disallow because of non payment of the same before date of filing return . then what will be its effect in next AY?. is there any problem for not provide disallowance?

i have following scenario:

A firm has shares of rs 75/- lac,
variable cost of rs 42 /- lac and
fixed cost of 6 lac.
Debt is rs 45 lac @ 9 %.
Equity of 55 lac.

At what level the EBIT of the firm will be equal to zero.

urgent pls reply..

if an item coming under sec.43b disallowance , say cess payable is ommited to disallow because of non payment of the same before date of filing return . then what will be its effect in next AY?. is there any problem for not provide disallowance?

Hi, my query is regarding TDS.The query is that the software company purchases its software from a foreign company, and the software company employees are given Amex cards through which they can make payment for the software on behalf of the software company to the foreign company.So, whether the TDS should be deducted by the employees for purchase of software or not.Which section should apply i.e.section 195 or other and why. PLease reply ASAP.

M 23 yrs old,CA final student currently awaiting results. I have interest in finance & IT. Few of my seniors suggest that i should prepare for GMAT/CAT & go for MBA while some say I should start with CFA or should go for CISA since i like IT and also bcoz CISA certification is highly in demand. Further M going through some financial crisis so i need to support my family as well. I need to pursue further studies along with a job. M totally confused and lost regarding my career plan. Please advice....

A partner ship firm sells the property owned by firm, and partner withdraw the money from firm to the extent of his share from the firm. if Partner opted to choose to discharge the tax liabilities to the extent of his share on his own which he has drawn from the firm, 1. Does partner is safe even if firm do not discharge tax liabilities on balance amount? 2. Can partner discharge tax liabilities in his return /pan no. or have discharge in firm's pan no. Pl reply.