One of my friend has completed engineering in Computer - Software. Aspires to do MBA. Now the assistance is required that whether he should go for part time MBA or there is something like correspondence as he cannot manage full time MBA. Please suggest which would be correct option to select. Further which would prove more beneficial as he liking is towards corporate management.

Can we calim deduction for profession tax given for last 4 years in this financial year ?

We are a trader of hardware & networking equipments. My vendor called ingram micro is a Software Seller (microsoft partner), We buy the software to sell to our enduser customer, now the suppliers started charging service tax as well as vat both on same items? like:

cost Price = 100
Service tax @12.36%
on 100 = 12.36
Vat on 100 @4% = 4
Bill Amount(100+12.36+4)= 116.36

What are the accounting treatment? How should we charge our customers? How and in which return ( service tax ot vat) we can show Rs. 100(basic amount)?

Please reply with example of accounting treatment.

Thanks

Dear Sir,

Our Company is going to organise Get Together Event of employees for that we have hire a hall for one day
We have to make advance payment of Rs 30000/- to Owner of the hall is TDS is to be deducted if yes under which section 194C or 194I

Regards

Ravi Konda

which is the best course.c.s or c.f.a that can be done alongwith the c.a

Hi, What is the tax treatment in the hand of employee and employer if cause of breach of contact, employee is required to pay some amount to employer.

For example, if employer sends employee on a project and get the bond singed as per which, if employee left the organisation before sepecifed perioed, he/she will be resposible to pay fix amount to employer. In that case what will be the tax treatment of amount paid by emplyee to employer in the hand of employer and employee. Please advice.

Hi, What is the tax treatment in the hand of employee and employer if cause of breach of contact, employee is required to pay some amount to employer.

For example, if employer sends employee on a project and get the bond singed as per which, if employee left the organisation before sepecifed perioed, he/she will be resposible to pay fix amount to employer. In that case what will be the tax treatment of amount paid by emplyee to employer in the hand of employer and employee. Please advice.

can a company transfer in excess of 10% amount of profit to reserve fund from current year profit if it declared in excess of 20% dividend

What is the unit life insurance plan (ulip)& what benefit we can get by insuring it ?

If a person providing contractual service and professional service to the same client, then on which amount TDS Should be deducted for eg
a)If a person provide Contractual service worth Rs 15000 and professional Service worth Rs 17000, should TDS be deducted.