fire extinguisher purchased should be capital or revenue exp???
if captal then at what rate it should be depriciated
Dear Experts,
I have a query regarding the donations made to charitable trusts/NGO.
We are a "For profit" organisation,we raise funds for NGOs on their behalf, and we keep a margin/service charge from all the donations collected from donors.I understand that our 15% margin will be taxable income.
The NGOs will receive the remaining amount(85%)after deducting our margin/commission. Since,only the NGOs will be able to provide the 80G Receipt to the donors for tax benefit/Excemption.
Can the NGO provide the receipt through us?
We want the Donors to make contribution using our services and still get tax excemption for the 85% of the donation amount(which goes to the NGO)
how will this be shown in our books? how to make the tax benefits for donors possible?
your help is well appreciated,
Thank you.
A PVT LTD CO. PAID SERVICE TAX OF Rs 1100000 in F.Y 2011-12
SO IN F.Y 2012-13 the co was liable to pay service online but the co. has been depositing the same manually...
What are the consequences..???
which method should be followed for payment of service tax to government?
1.Agreement basic or
2.Amount Received Basic
If a citizen of America i.e N.R want to purchase a property in India who is neither NRI not a person of Indian origin nor resident in India, so can acquire a property in India?
If Yes then what are the repatriation effects ?
What are the taxation effects on TRF OF Property?
Please suggest....
We are Trust (Charitable Society ) registered under 12AA and we have hired one premises on which we are paying rent.In this case from july onward our land lord is raising bill + service tax , saying that service tax on rent is applicable from july. so what to do now...wheather we are required to pay service tax or not ...kindly give answer with applicable and relevant sections ? Thank you
Dear experts
Who can witness the subscribers list for moa and aoa signed by directors. Is CA or CS is mandatory. Also what is wording he needs to write while witnessing.
Pl clarify.
I had registered for ipcc both groups and atc with articles. now dat i have cleared both groups of ipcc do i still have to pay articleship fees?
i had uploaded Form 5 and 23 for increse in authorised share capital for which query is raised by roc is as following
'e'form date and resolution date not tally, copy of MOA & AOA without foot note. Form 67 (Addendum) should be filed by 05/01/2013 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)
In the above query we are unable to understand what is Foot note ?
Dear Experts, i want to start a new company with my family members as partners. Pls suggest me as to whether i should start a llP, partnership or a private ltd co. Pls provide detailed info on set backs in each type & plus points. A provide the same at the earliest
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Revenue or capital