Is there any provision in the service tax to charge tax on Lunch supply in a factory?
Can a person suppling the lunch charge service tax and VAT both on supply of lunch?

As provisions are made on estimated basis they are not accurate. I want to know whether the year end provision is to be reversed in the next year or the bills are to booked against them.

Also as TDS is also applicable on provisions then how to make their payment.

Can Cenvat credit adjust with rental income from immovable property?

We have wrongly mentioned A.Y. 2009-10 instead of 2010-11 in TDS challan. what is the procedure to rectify it and what are the consequences of not rectifying it?? Is there is any penalty or interest liablity as i have not seen any such thing in the Income Tax Act. Please help me out

Hi All
Please can you help me in the following question

1 What is VAT? How should I explain about VAT at the time of interview?
2.What is criteria to be registered under VAT ( Mean to what turnover should be there in individual & Company)
3. What form number is used to be registered in VAT?
4. How many times are Vat returns filed and which form numbers are used to file a return(in individual & company)?
5. what is due date to file a return & challan?
6. what is treatment for Capital Asset under VAT( purchase a machinery 500000)? How will we take credit from this and what entry should be passed?
7. what is CST?

Thanks in Advance

Monia

This is with refrence to Profession Tax.
We are aware of due dates of remittances of PF and ESI remittances.
Is there any such mandatory due date fo payment of Profession Tax?
And what about the filing of returns? Any such mandatory requirements?

Whether a Branch of foreign Company can take a loan from its Head office to run the operation or for infrastructure.

if yes what rules and regulation will be applicable i.e pre approval from RBI/ FEMA or any other authority.

please suggest.

IF WE ARE PAID ROYALTY TO PARTY AND WE ARE NOT HAVING PARTY ACCOUNT BECAUSE OF HE IS NOT GIVE US THE BILL WE ARE DIRECTLY MADE PAYMENT . SUPPOSE HE IS CROSS THE LIMITE THANE WE ARE DED. A TDS SO HOW WE ARE ACCOUNTED.

Respected Sir,
Whether i can appear in Nov/Dec-2009 PCC Examination
So,Herewith I Furnished details regarding My articleship
Reg No:PCC/SRO/0243837
Date of Joining Articleship:12-06-2008


Pleease,give your advice Sir,
Thannking You,
Yours Sencierly,
Veerendra

The assessee an exporter had entered into a Forward Contract for hedging the risks associated with Foreign Currency Fluctuations.
However, due to depreciation of Rupee, the Assessee had to cancel the Forward Contract. The Bank Debited the Assessee for Difference in Exchange rate prevailing on cancellation date and Contracted rate.
Whether loss that assessee had to bear due to such cancellation is allowable under the Income Tax Act??