Dear Sir,

Normally we take 2% out of 5% as VAT input credit and the Balance 3% is taken as our cost as per the latest amendment dated 11th November 2013 of TN VAT Act.

This month we have an excess VAT Input after adjustment of VAT liability to the extent of Rs.45 K.

Our CST liability is Rs. 1.92 lakh payable (5%). Normally we adjust the excess vat after adjusting vat liability to the CST Liability.

Now the CTO have told us not the adjust the excess VAT against CST liability and demanding to pay the full CST liability. Also he is asking to adjust the excess VAT liability against the VAT for next month.


Kindly advice whether the VAT excess input can be adjusted against CST liability or else we have to go as per CTO.

My mail id is k.karthik.trsc@trsforms.com

Thanks
Regards
k Karthik

tds on professional fees

what should i deduct the tds on event setup?

in sec 6 after satisfying basic conditions, two additional conditions are there. in first condition it is written that resident in india in at least 2out of 10 year immediately preceding p.y. in this how i interpret 2 out of 10 year (where it is 2 f.y. or 2 calendar year or if stay in india 182 days in four year)

Dear friends,

Do the Private Limited company need to adopt new AOA, under new Companies Act, 2013, if the articles are not consistent with the present AOA Table format?

If so, is there any procedure?

Please clarify. Its urgent.

Thanks in advance.

Regards,
Soumya

Is the deduction under section 80EE is in addition to section 24. i.e. if the interest on housing loan taken during 2013-14 is 200000. can the assessee claim 1.50 lacs under 24 and balance 50k under 80EE

a resident individual who is a employee of an American company receive a shares from his comapny a shares which is listed in nasdaq free of cost then what is the taxablity of the same . and what is the procedure to deal in nasdaq from india .

 How many Rs. Gift received in a Cash from relatives ????
 5 flat I made for personal use, and I have taken loan from banks 40lac. Can I get interest benefit ???
 Property document made for wife. And loan repayment by husband so can I get interest benefit ??
 I have a office one( commercial ) property in my name and and I am purchase new house can I get interest benefit ??

Dear Sir,
Pls, advise me that my sister win a tablet in a contest amount Rs. 21000/- in last year and now she has received a TDS Certificate from the organising company amount Rs. 9000/- which is deposit by the same organising company.

Now my quary is that can we take the refund of this TDS amount Rs. 9000/- by filing an income tax return?

Note: my sister is a house wife and have no income.

I have completed both groups of ipcc and joined articles and registered for final also....i completed b.com 2nd year and discontinued due to some personal reasons. can i join in ignou for m.com with the qualification of ca-ipcc.
sir, pls suggest me in this regard.