Dear Experts
We have booked excess provision of Income Tax by Rs 38 Lacs(approx.)in the Last year and we have adjusted that against Advance Tax of Current year by applying to the Deptt.
now what should be treatment to be given to the excess provision of Income Tax of Last year.
Whether the Provision with Excess Amount should be written back or any other treatment is to be given

Dear Sirs
One of our vender doing JCB works in our Company on contract basis crossed the limit of 75000/year, But we failed to deduct tds on payments made during this year now their bill crossed 100000/-individually which not exceeding single bill-30000/-
Can you advise in this regards?

Hi,
I have a pvt limited co, for the month of April and May, I have excess service tax credit then payable, the difference amount comes to around 10000/-
For the month of June, I have to make payment of 7000/-
Can i take credit of 10000 of April and May, and if yes under what rule.

Thanks and regards

An individual advocate furnished one bill as below:
Towards professional Exp. 200000
Towards Out of Pocket Exp. 15000
Total 215000

Please clarify on which amount tds to be deducted u/s 194J
either be Rs. 200000/- or Rs. 215000/-

Please also clarify on what amount service tax will be deposited
and at what rate by receipient of services as receipient is company.

we are into bussness of electricity generation. Dry & wet ash is generated during electricity genration.

We are selling dry fly ash after payment Excise @2%.As per The Ministry of Environment & Forests 20% of dry ash to be disposed off as free of charge.

1) Is excise is payable on dry ash sold as
free of cost.

Thanks
Ashok Sharma

Dear Sir,

In what circumstances the composition tax is preferable instead of VAT & why?

my query is for an average student taking coaching for both groups of ca-final and attempting both groups at a time is better or taking coaching for single group and attempt that group is better. i am going to take exam in nov-2015. please give me a sugession

MR.x manufacture an excise goods for many distributors. he got an additional oder from Y.ltd company to manufacture same kind of goods under Y's comapnay brand name and packing would be done by mr.x n transfer goods to the company at rs. 50/-. Mrp on box is rs.100/- excise would be paid my Mr.X on what amt?? will retail sale price based valuation come into picture???

Hi friends

Cheque issued on 29.03.2014 Rs. 295000/-
as on 31.03.2014 balance as per books Rs.(41,624).

the above cheque is honored on 02.04.2014 .

in balance sheet what balance is required to be considered

i hve a home lone and the total amt of emi is Rs 3 lac appox in which principal is Rs 85000 and rest is interest but by mistake i claim Rs 1 lac under 80C i just want to know how can i ractify this
plz help me regarding this