hello friends & seniors
please clear this doubt
whether aas are applicable or new standards on auditing are applicable for may 2009..
many thanks in advance

hello friends & seniors
please clear this doubt
whether aas are applicable or new standards on suditing are applicable for may 2009..

many thanks in advance

Our firm is engaged in Commercial Construction Business. During the course of business, If wish to make some contracts with different contractors for the following works each of them is below Rs. 9 Lac:

1. Electric fitting labor charges worth of
Rs. 600000

2. Bore expenses with submersible pump
Rs. 250000

3. Coloring work only labor Rs. 500000

4. Plaster work only labor Rs. 750000

Now my queries are

In this case whether the firm will be liable to pay service tax or the different contractors as no one individual service is exceeding Rs. 10 lack ?

If the firm is liable to pay service tax whether it will be restricted to above work done through others or on all labor works which are got done employing direct laborer

Whether the provisions of circular No. 332/35/2006 dated 01-08-2006 can be applied to this service also ?

Kindly opine.

Kalpesh

We are filing an appeal against an order passed by an ITO under section 143(3) of the Act.. will this appeal be filed u/s 246 A or 246 (1) (a)of the Act and will there be any stamp duty to be paid along with the appeal filed or not and whether the fees for appeal should also include surcharge and ed. cess or not.

Dear All,

I came across very strange situation which i want to share with u all.

One of Pvt Ltd Co. has uploaded its return of income in ITR-6. ITR-V was generated showing date of filing of e-return & place was 'BY DEFAULT' shown as Mumbai as its Regd Ofifce is in Mumbai & date of verification 'BY DEFAULT' shown as Date of e-return uploaded.

Now ITR-V was given for sign to Director whose name was shown in Verification Part. Director refused to sign as he was not present in Mumbai on the date on which e-return was uploaded.

How to overcome this kind of situations?
Suggest the suitable course of action.

I am working in banking & finance sector in credit analysis from last 2 years ,but now i feel that there is no growth in this profile .pls suggest me what i have to do .
I want to join CA FIRM ,will it be a fine decision for my career .

Dear All,

In the Form 23ACA of ROC Annual Return they are asking for SRN no of Form 23 B.

Is this compulsory for the Fiancial Year 2007 - 08 or is it applicable only from Finacial Year 2008 - 09.

Thanks

Regards

Subramanain

Dear All,

In 2004, one ad film maker recd contract from another ad film maker. If ad maker raised a bill towards ad agency who sub contracted the work without service tax charged on the premise that sub-contractor is not liable to collect & pay service tax on sub-contracted work, whether it is correct?

If u hv any Circular/Notification in respect thereof, kindly give refernece.

Regards

Is income from LIC Pension scheme is exempt from Tax if yes In Which Sction?

if a indian company performs a work given by another company situated in Special economic zone (puna),that work is to be performed for another comapny situated at singapore.
sez unit company recieved payment in FCNR account from singapore company
and charges 7% cut and give rest amount to indian company who actually performed the work at singaporeabout 93% in his FCNR account .
Is the payment recieved by indian company from sez unit treated as export which is
exempt from Service tax.