i have received one bill for prepaid insurance for rs/12000.00 for jan to dec but it is paid 12000 and we have passed jv entry also but we need to close books in march do we need to pass any reactification entry and what will be entry for the above jv please tell me immeditely

My client has two branches. They are maintaining billing as well as accounting separately. Exemption limit of Rs. 10 Lakhs applies per branch or company as a whole?

Hi Friends,

I have a query on tax treatment on part sale of mutual funds units which were invested through SIP(Monthly investment) mode.

Suppose I invest Rs. 1000 each month a MF.first month i receive 100 units @ rs 10 per unit ,second month 90 units@ 11.11 per unit and so forth. At the end of 12th month ,i sale 150 units @ 14 per unit .Now my question is how do to determine whether it will be short term or long tem gains and what would be cost price(to follow FIFO or average price).

Thanks ,

Pooja Agarwal

in Tally erp, which head we have to create Education Cess & secondery Edu. Cess. Both in OUTPUT & INPUT .

further if we purchase services and get Service Tax input Rs. 1000/- as S.Tax, 20 as Edu. cess, and Rs. 10 as Sec. Edu. Cess.(12.36 %)
my querry is how much input credit we actualy received Rs. 1000/- or Total Rs. 1030/-
Thanks

I enter the concerned fields my membership no. and DOB, but there is no response and the fields remain the same, after clicking it several times.

No other message is getting.

If anyone paid the fee via online, pls advise what are the steps to be followed

Dear All,

if non corporate assesses is furnishing return IN THE MONTH OF AUGUST ( DUE DATE IS JULY)

AND TAX ON TOTAL INCOME rs. 25000/- WHICH IS PAID IN THE MONTH OF JULY.

SO, HE IS LIABLE TO INTEREST UNDER SECTION 234A BECAUSE TAX IS ALREADY PAID IN THE MONTH OF JULY. BUT RETURN FILLED IN THE MONTH OF AUGESUT

my client has been registered as a manufacture on 10/10/2012. he bought capital goods on 20/12/2012. he applied for exemption notification 8/2003 on 01/04/2014.and started production only in 16/6/2014.

can he take the cenvat credit on that capital good purchased in december 2012 in the year 2014-15??
Kindly reply urgently

How can I check my articleship status??
I searched it on google but the given link in all the suggested websites displays 'page can not be found'.

Plz suggest the link.

Dear Sir,

Our company has appointed a technical Consultant. My query is whether it is came under reverse charge mechanism ? If not how it is treat in service tax.

Please advise.

Thank You,

An educational trust gives unsecured interest-free loan to a private company. Is it permissible?
What will be the implications under Bombay Public Trust Act, 1950 and other acts, if any?