Dear Sir/Madam,

I have a query in respect of reimbursement of expenses.

Currently as i understand any invoice raised in respect of reimbursement of expenses goes as credit to expenses instead of revenue.

If the contract is inclusive of expenses, it takes the shape of revenue.

Hence, wanted to know whether there is any possibility of recognition of revenue on reimbursement of expenses if the contract is not inclusive but exclusive.

I am given to understand that as per US Gaap, the same can be taken as revenue...

Would Indian Gaap also allow me to do so...

if yes/ no.. can you substantiate with any guidelines or write-up...

Thx in advance...

Dear Sir we have booked bill in sept-08 and oct-08 without deduction of tds now we are making payment after deducting tds. So please suggest us that will we defaulter or not for tds deduction

SHALL I GET A OPEINION ON CENVAT CREDIT AVAILABILITY ON STEEL AND CEMENT

Dear Members

1. My senior told interest on capital calculated at cumulative balance?

2. Interest on Capital calculated at capital account include current account of partner's it's correct or wrong

A proprietorship concern purchases papers & board from marketand get processed for printing and packing boxes from outside on job work basis. It don't have any machinery. Whether excise is applicable to it?

Will there be any difference, if the job processor is subject to excise?


PLEASE REFER RELEVENT SECTION AND/OR RULE?

Is Service Return filling is compulsory for person who have Service tax Number but No service Tax liability.As per applicable sec. service tax return shall be filed by who is liable to pay S.T.

Two wheeler dealer is collecting road tax from buyer of vehicle and repaid to the RTO agent who are working on their behalf. whether amount collected by dealer is subject to service tax if yes then repaid the entire or portion of it to RTO agent is allowable thereon as input credit. and if dealer is not liable then Agent is liable for it. please repy immediately.

thanks,

Dear Sir,


i registered for M.Com. as on 18 june 2008 as my result of B.Com. was declared on 3 june 2008.AS i m student of PCC & i submitted form 112 as on 11 september 2008 later on i received a notice from ICAI containing requirements such as B.Com. marksheet along with late filling fees & employer's comments regarding late filling of Form 112.

since amendments regarding Form 112 was published on 22/08/2008, till date i was confused whether to file or not form 112, so what comments i can request from my employer.

Reply as soon as possible

There is delay in filing form 23 in Registrar of companies for alteration of memorandum and thr roc has advised to approach CLB for Condonation of delay. So please tell me what is the further procedure for private limited company.

I wish to do my M.com in a college where big firms come for campus interview.Presently im doing my b.com final year in correspondence and I have written my PCC on Nov.I am very confident about my results.I do my articleship in very small firm where I donot have any exposure. But now i wish to do my post graduate in college so that I can join any one of the Big firms.Is my decision correct?