Hi All, We are India Base KPO providing Accounting and Taxation Services to US Client. Our Main source of Revenue is from US One Company (Transfer Pricing is Applicable) But our Indian Company Turnover does not exceeds 2 Crore.

Questions: Can we take benefit of presumptive taxation @ 8%..?

hi i have a query

i have to sell excisable goods to a merchant exporter who will export agst form ct-1 without charging excise duty

now i have to submit proforma invoice so i need to know the retail sale price , how should i fix the retail sale price for the purpose of calculating assessable value becoz u/s 4 i cannot remove excisable goods w/o rsp

pls respond urgently

As per the ITR for ay 2017 -18, it is mandatory to mention cash deposit of Rs. 2 lacs or more which was deposited during the period from 8th Nov.2016 to 31st March 2017. I want to know whether to mention the aggregate amount deposited Rs. 2 lacs or more for every bank or aggregate of all banks. For eg. if an individual/ company has deposited Rs. 1.5 lacs in SBI and Rs.1 lac in PNB, so in this case whether the said individual/ company is exempt in providing cash deposit of rs. 2 lacs and more as the deposit in each bank is less than rs. 2 lacs ?

if commission paid to foreign agent then service tax will be applicable?

There are two different bills to the same person, one for Rs 150,000 ( bill dated first week of April - Cash received on the same date)
Another bill in the second week of April for Rs 1750,00 to the same person.

Can cash of Rs 175,000 be received from the person or not, as the aggregate receipts exceeds Rs 2 lacs. Will it be violation of Section 269ST.

Please Reply.

I m a ca doing job from five years. Now i wanna move in practice but the company is not ready to leave me at any cost.

So i just wanna ask that can i join them as a consultant now with my own practice.

It will help me to get a consistent amount because i will be a fresher for practice .

Good Morning Sir

I am working as Senior Accountant in Exports company, we are doing the business in basmati rice, local selling & exporting the basmati rice, i want to know the gst is applicable are not, what is the % of gst on basmati rice if applicable.

If GST is implemented from 1.7.17.

We have a turnover of less than Rs. 2 crores and we shall not liable to Excise Duty. And our product is physiotherapy equipment, and our vat rate is 5%.

IF GST comes effect, we shall liable to more tax. since excise duty is abandoned due to GST implementation.

Please guide.

Shall we liable to more indirect tax?

Can CA start his practice in residential place. If so, whether he need to pay property tax at commercial rates and pay electricity tariff, water bill at commercial rates. I have seen some case laws where courts ruled that CA Practice cannot be called as commercial establishment. Please support me with case laws

Businesses and professionals could soon have to pay salaries of Rs 10,000 or more to their employees through cheque or bank transfer if they want to claim tax credit.

Ay 18-19 : Fy: 17-18 Year Ending March 18
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As our employees don’t want to receive their salary by cheque and everybody is being paid above Rs. 10,000/= whether we can split the salary into two parts? Suppose salary is Rs 15,000, on 10th of every month we will pay a sum of Rs 10,000 in cash to the employees on account of advance against salary and the balance we will pay on or after 30th of the month. Whether it will do ?