Respected Sirs,

please confirm me as per VAT act whether vat should be calculated after considering freight charges or transport charges with basic value.

we came across many situations in my company in which vendors use different methods in their invoice in computing VAT.

which is the correct way invoicing bill for computation vat

warm rgds,
ravi

Can you explain the salary (What basis the salary to give employees for ex: Annual salary is INR 2,00,000 how to split up this one (Basic, DA and all allowance is their is any percentage or what basis.

If an organisation has Deducted Employees Contribution but not remitted before 15th April than it will noe be allowed for that year but my question is that will it be allowable next year if it has remitted in next year ...............

I WANT CONFIRM ANSWERS. PLZ NO GUESSING

If book profit of a company exceeds Rs.1 crore the MAT cannot exceed following
(Rs 10 Lakh+Book profit-1Crore )+EC+SHEC

What is that meaning

I have read somewhere that if the assessee files the Income Tax Return without depositing the Self assessment tax and showing it as payable in Balance sheet, then that return can not be said Invalid or defective return. But, if after depositing the tax, the information for the challan is not given in the return form, then it shall be treated as a defective return. This is probably a decided case law. Can somebody guide me in this regard and clarify the situation. Pls give the reference of case law, if any.

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Hi,

we have purchased some material like Plywood, Fevicol ,sanitarywares etc. for makes some desks for office use against 3 invoices.

:while preparing assets register, How can I show each desk against particular invoice number or transaction in assets register?

:Is it necessary to show like this?

:Any other way that will be better for physical verification of fixed asset.?

:How can we maintain the fixed assets data by using Item code (Asset code) for every desk.

Regards
Vijay

hi
if a company buy back its shares as on 28.03.2008 and since as per cos act they can hold them till 7days....

then whats the treatment?
n what r all entries wil come...?

and also tell me how can i get all recent tax case laws in internet r where?

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In case of quarterly closing of accounts do we need to deduct TDS on provisons made on the last date of the quarter and reversed on the 1st day of next quarter. As we pass the provison entry on the last date of the ending quarter we need to deposit the TDS by 7th of the next month & it is very difficult to get all the bills by that time. In the month of March we get two months to deposit the TDS on provisons but no such provision is there in the middle of the year.

Please guide is there any legal provison / case law which confirms that it is not mandatory to deduct TDS on provisions made at the end of the quarter.

Regards

1)Hi All,

can any one please tell me basic calculation to pf & esic ..throgh any share file or any article..

If it is there on net please paste link..

2)Hi All,

can any one please tell me basic calculation to pf & esic ..throgh any share file or any article..

If it is there on net please paste link..

I want a small clarification. Can any one please clarify. The facts of the case is as follows: ABC Private Ltd has made a provision for payment of commission of Rs.4 lakhs during the Financial Year 2005-06 ie.on 31/03/06 to Mr.X, the director of ABC Private Ltd. At the time of Scrutiny Assessment u/s 143(2), the Assessing Officer disallows the amount of Rs.4 lakhs on the ground that the TDS amount though deducted at the time of credit to the account of the director on 31/03/06, but the same is actually remitted on 31/10/06 to the account of the Govenment. (i) Is the action of the A.O. justified for the disallowance ?(ii) Is there any remedy available to the Assessee ie.ABC Private Limited.(iii) Does Sec.40(a)(ia) and Sec