Dear All,

I am working as Executive Finance -Sr in a MNC. My company works Monday through Friday as per US timings(i.e. 7PM to 4AM). So I get lot of time in the after noon and weekends. I am planing to work as Part Time Accountnat(Day to Day Accounts, Payroll,etc..) . If anybody knows about Vacancy please letme know to my below Mail ID: knkishore404@gmail.com

Thanks,

Nandakishore

Dear All,

I was filed my IT Return in the month of July 2008. Till date I didn't received my refund. How many days will required to get refund from IT Dept?

Thanks
Nandakishore

HOW TO COMPUTE SERVICE TAX IN WORKS CONTRACTS WHERE THE CONTRACTORS CHARGING VA in composite scheme.

Is the below process is ok?

Say Groos amount 100

Vat 4% 4

Total 104

service tax
33% on 12.36% on 100=4.07

Net amount 112.07

MY COMPANY HAVE A TRADE ADVANCE SINCE 1998-99 ACCOUNTING YEAR, NOW ASSESSING OFFICER WANTING FOR ADDITION AS UNEXPLAINED INVESTMENT FOR ACCT. YEAR 2005-06. CAN HE DO SO PLEASE REPLY ME URGENTLY

what will be tax implications on conversion from firm to company?

Pls suggest me what is the rate and how to calcalate sales Tax if applicable.

Sir,

I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.

Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.

Point No. 78

Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :

such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.

Point No. 87

Salary paid to driver of a motor car :
is a vehicle running & maint exp.

THE ABOVE TWO POINTS ARE CONTRADICTORY.

CAN U URGENTLY CLARIFY.

WHAT IS THE CORRECT TREATMENT?

Thanks

Subhash

1 )What is High sea purchase and High sea sale? and what is the accounting treatment for the same ?

2) What is Purchase for High sea sales?
what is the accounting treatment for the same?

Dear All Can One Person be the Owner or Proprietor of more then one Proprietorship Companies and He is Dealing in Different types of Business.
Thanks in Advance Pls Reply Me

For calculation of minimum alternate tax (MAT) u/s 115JB the book profit can be reduced by the loss brought forward or unabsorbed depreciation whichever is less as per books of account.
In the following situation which is the amount that can be deducted from book profit?
As Per IT return

Business Loss Brought Forward 2,00,000
Unabsorbed Depreciation 1,00,000
Total Loss Brought forward 3,00,000

As per books of account
Loss brought forward 1,20,000

Business loss and depreciation loss is not shown separately in the books of accounts.How can it be worked out?