My query is, for example a contractor has been providing service for Rs 15 Lacs per year for last 3 years & did not charge Service Tax separately in the Bills. Hence he never deposited any Service Tax. Now through Form 26AS Deptt came to know all this & demanding Service Tax with Interest. My query is whether he is required to deposite Service Tax Rs 556200 (interest extra) on (15Lacsx3x12.36%) or Rs 495016 (interest extra) on (15Lacsx3x12.36/112.36) by back calculation. Please suggest with relevant rules. Thanx

how to account for income tax refund when there is no provision for tax,tds or advance tax entries in Tally?

plz suggest the books for november attempt

Does the liability to deduct TDS arise by branches of a Trust Registeredunderthe Bombay PublicTrustAct. 1950 onpayments made to the auditors, where the amount does not exceed Rs.15,000 per audit per branch. There are total 9 branches audited by the auditor and the amount exceeds Rs.75,000 in total which has been paid in break-ups by the branches

frds a special query, there are 5 legal heirs getting 70,00,000pa rent, there are 4 individual and 1 minor, having equal share,Query1.How do i reduce Tax???????

are the institute modules sufficient for law and audit for ca final?

I am a service provider for 1 year but now I have started receiving GTC services and is also liable to pay service tax as service recipient. Do I need to amend my registration to include SERVICE RECIPIENT in it? I was asking this because only thing I found to amend in the registration was to check the service recipient category of taxpayer as I haven't started providing any other taxable services

There is one my supplier. I purchased raw material from him. In his bill he charged VAT on 80% portion of the bill and on 20% nothing.
My question is that what is accounting entry for this. Whether I should charged entire amount to Raw Material Purchase A/c or I should charge 80% to Raw Material Purchase A/c and 20% to Labour Charges A/c.

e.g. Total Contract Amount 100
VAT @ 12.5% on 80% of Rs.100 10
Total Invoice Amount 120

I HAVE TAKEN LOAN OF RS. 500000 FROM BANK PLEASE SUGGEST ME
MY TOTAL GROSS SALARIES IS 750000/-
OUT OF WHICH HAVE DEPOSIT LIC PREMIUN RS. 43708/-
AND PROVIDENT FUND RS. 80206/-

TAX PAYABLE =RS. 61000/-

IS ANY DEDUCTION OR BENEFIT MAY I GET FROM
TO REDUCE MY TAX PAYABLE MAOUNT
PLEASE ADVICE.....

Dear Sir,
I will be greatfull for those who will guide me.

I wanted to start a company of cleaning services in bangalore. We are 2 partners, kindly suggest me wether can I go for partnership registration or LLP, and what all certificates shoul I get like, service tax, labour certificate, partnership registration and partnership deed
.pls suggest me.