what is the accounting treatment of service tax on telephone expenes

Dear All,

An assessee has paid interest u/s 234B in the year 2007-08 for the short fall short payment of advance tax for the year 2006-07.
Whether the interest paid is allowable as deduction in the computation of taxable income for the year 2007-08.

Regards,

V. Jagadeesan.

Sir,

I hereby ask one my carrer aquestion please answer me,i completed MBA(Finance) & pursuing CS & working in one company on MBA basis is & recently completed CS inter also is their good future pls guide me which way better
MBA (or) CS....

Thanks & regards
Maruthi.K.T

TEACHING FOR COST AND F.M


HI
I AM TEACHING COST AND F.M. FOR CA PCC AND FINAL SINCE 2003 IN MORADABAD MORE THAN 700 STUDENTS HAVE BEEN TAUGHT BY ME
NOW I WANT TO START MY CLASSES IN DELHI, HOW WILL I HAVE A PLATEFORM TO TEACH THERE?

please tell how i can start my classes in delhi. whom I should Contact?
PLEASE GIVE THE CONTACT NO. OF ANY RENOWNED COACHING WHICH IS IN THE NEED OF COST ANFD F.M TEACHER

My query is:

i am PE II student and as of now i have qualified only one group in PE II (Group I) if i dont qualify in the next attempt that is June 2009, what will be my position.

will i able to eligible to pcc or IPCC to pass only one group.

what will happen to the candidates who have qualifed in only one group in PE II till the last attempt (June 2009).

Thanks,
Khaleel.

I filling a return of a vegetable seller whose yearly profit is arount 1 lac, is it necessary to maintain all the record

Sir If party has deposited excess amount of service tax @12.36% instead of 10.30% and we have deposited it with the service tax authority . Can the party asked for the refund of the excess amount of service tax which he has paid to us.

I filling a return of a vegetable seller whose yearly profit is arount 1 lac, is it necessary to maintain all the record

DEAR ALL,

TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.

Can anyone help me out in a doubt relating to the above subject.

Q: Turnover for FY 2007- 08 - 700000
Total receipts in 07-08
(a)in respect of bills raised
in 07-08 - 650000
(b)advance received in respect
of service to be rendered in
Fy 08-09 - 400000
--------
Total receipts - 1050000
--------
The business was commenced on 31st Jan, 2007.
My queries are:
(i)Can i claim general exemption upto Rs. 800000 receipts, given to small service providers as my turover in 07-08 is less than Rs.800000?

(ii)Should I pay service tax on receipts exceeding Rs 800000 i.e on Rs.250000 which constitutes my advance receipts?

(iii)As my turnover is less than Rs.800000 in 07-08 can i get general exemption of Rs.1000000 in FY 08-09?

(iv)Finally what are the consequences if I am not registered in FY 07-08?

I would be grateful if any one provide me with the answers for the above queries as soon as possible.

Thanks in advance

Regards,
SRAVANI P