Dear sir

My name is kumar. sir will you give procedure of share transfer through bank.give instructions to how to do?i need brief explanation?

Balance sheet of f.y.10-11 of a private company has already submitted with ROC howver income tax return has not submitted with income tax deptt. After aproval of balance sheet from shareholders In AGM and its submission to ROC, it comes to the notice that rate of depreciation on some fixed assets has been taken less. Rate should had been taken at 40% instead of 20%. The impact of revision of rate in depreciation would be substantial on book profit and MAT tax also be reduced substantialy. However there are following questions need to be answered:
a) Whether company is entitled now to do so
b) If company decided to revise the depreciation rate, whould be impact by provision of income tax because it may be considered as afterthought in income tax since it will reduce the tax liability as per MAT of the company.

Please suggest us the right approach to this situation as per income tax provision and company act provisions.

what is the service tax notification of july 2012 for vendors as
A) Pls note that as per Service Tax Rule w.e.f. 01st July' 2012 we have to pay @ 50% of Service Tax on our Purch-Subcontract. [This is only for Proprietior or Firm ]

The format of Purchase Sub-Contract Bills should be w.e.f. 01.07.2012 :-

Net Amount 100

Service Tax @ 12.36% on Net Amt or on Labour Amt 12.36

Less: @ 50% payable by 6.18
Receiving the service
6.18

Gross Bill Amt. 106.18


B) Pls note that as per Service Tax Rule w.e.f. 01st July' 2012 we have to pay @ 75% of Service Tax on our Manpower Supply under our Inspection. [This is only for Proprietior or Firm ]

The format of Labour Bills should be w.e.f. 01.07.2012 :-

Net Amount 100

Service Tax @ 12.36% on Net Amt or on Labour Amt 12.36

Less: @ 75% payable by 9.27
Receiving the service
3.09

Gross Bill Amt. 103.09

Dear Sir

By mistake we had taken a cenvat credit in April 2012 towards the transporter copies of our vendor but in actual the material has not been received & transaction will never happened in future.

In this case we have mistakenly taken excess credit. It has been found while reconciliation. Now how can we reverse the credit? Is there any procedure to reverse the same. Also the accounting entry has not been passed in books as the tax invoice was not received.

Please help us out

Thanks

Please guide me about DBK scheme relating to exports.

I started my articleship on August 2010 through IPCC route. Based on that my C.A-Final exam is due on May 2013 but I just want to confirm that for calculation of 2.5 years of completion of articleship as on 1st May 2013 whether the leave taken upto that date will be considered or not.

Thanks in anticipation.

Dear experts,

am not understanding the exact difference between Book closure date & Record date. Since both the terms are used nterchangeably..

If a Partnership firm as retailer cum whole seller in cleaning items has turnover of Rs. 35 Lakhs and Net profit of around 1 Lakh (before partners remuneration and interest)in F.Y 11-12.Will it be subject to tax audit as per section 44AD? Further there is an exception, provided the income of assesee is below exemption limit. Will that exception work in this case. Kindly clarify. Thanks in advance.

My Question is:-
ESI is to be Calculated on Gross Salary.
What Gross Salary Means ?
Is This Include Total CTC (Because CTC Include Employer Contribution of ESI), so we ned to make Back Calculation.

Dear sir,
I am working with serv. pack-2 in my computer but i am not able to access www.incometaxindiaefiling.gov.in ,when i talked to someone they said me to install service pack-3 , how can i work accordingly
plz revert back immediately.Is it really required . I am using - Microsoft windows xp
professional
version-2002
serv. pack -2