DEAR EXPERT,

I WORKING IN A TRANSPORT AND LOGISTICS COMPANY AS AN ACCOUNTANT.CEO HAS ASKED ME TO PREPARE A COSTSHEET. HE WANTED TO KNOW THAT WE HAVE EARNED PROFIT OR NOT?

HOW I CAN PROCEED?

The Company X given contruct for construction of residential complex to contractor i.e. Y. The contractor is charging service tax in accordance with Works contract service. The Company X is happy with performance of contractor Y and paid a sum in the form of bonus/exgratia. Whether this bonus/exgratia will cover under service tax or not ?

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was the depreciation @ 50% allowable on plant & machineries purchased after 31-03-2004 but before 31=03-2007 unde tufs scheme

sir can we hv revised study material on this site or icai site

DEAR SIR
I MAKE ONE INVOICE FOR CUSTOMER ON 20/12/10 RS2000/- AND HE DEPOSITED ON BANK RS2500/-. AS ON 31/12/10 HIS A/C SHOWING 500/- MORE AND HE WANT TO DEDUCTED THIS AMT FROM NEXT INVOICE (JAN'11)FOR CLOSING THIS CUSTOMER A/C AS ON 31/12/10
WHAT ARE THE ENTRY I HAVE TO PASS ON 31/12/10
WHAT ARE THE ENTRY I HAVE TO PASS ON 01/01/11
PLEASE HELP ME.

One my client deposit rs 15000,10000 & 10000 in name of House wife's persnal savings.
A O added in income and tax applicable rs 3500/-
and AO Attach notice with Assement order u/s 143(3) for penalty u/s 271 1(c)

Pls provied me formate & suggetion of don't penalty impose thanks

I have turnover from retail business of Rs. 20 lacs and wish to declare income Rs. 2 lacs i.e. more than 5% of Gross Receipts for the A.Y 2010-11. Suggest me should I give figures of SD SC Stock Cash GR GP Exp NP u/s 139(9)(f) in ITR?

Suppose an employee is engaged at a rate of Rs 5000/- p.M. + DA + Special allowance.
Whether P Tax is deductible on 5000 or amount after considering DA + Special Allowance.
Futhur if the same employee is present only for 15 days in the month and get 2500/- as his wage payment. in which amount PTAX shall be dedctible 2500/- or 500/-

If a female joins an office& appoints her parents as nominees for all her PF,pension,insurance ctc.After 2yrs she get married.After one yr of her wedding life she expires.Now since she is married,will her parents loose the right to claim the amounts? if not what documents should her parents produce & what procedure shouid they follow?Her head office is in chennai.Whom her parents should consult?