hello experts
plz let me know the difference between provision and provisio?
thankx

As it is well known that ,lease rent paid to partner being a co- owner of the property exceedig 1,20,000 ,will attract tds ...(based on circular) .I would like to know whether there is any judicial decision or circular overriding the aforesaid circular

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?