We are in Consulting and engineering business , previously we are purchasing materials for our projects and selling in the same month to customers ( not maitaining any stocks) Now this month we have purchased some materials for one of our project but sales invoice will be raised in next month after completion of implementation.
Can we take purchases in system and sales can take in next month? Is there any effect ? I known below mentioned effects 1. Purchases will be there without sales ( expenses without income)2.I think We need to maitain stock.

Any one can help me out how to take

A subsidiary company (located in India) paying Royalty on its total sales made during the financial year to its Holding company (located outside India) as a consideration for right to use Technical know-how, designs, process of manufacturing, Trade-marks, etc.
Whether that subsidiary company will have to pay Service tax or / & Research & development cess to Cent. Govt. of India or not?

how many attempts for ipcc exam and somebody is telling that after three attempts again fresh registration is this correct are not please tell and i already registered at ca shiksha but now cashiksha .com not access to my server and not have permission and telling forbidden please tell how to access ca shiksha please give me

Can interest under section 234-ABC is payable on demand under section 143(3) made by ITO.

For the assessment year 2008-2009

income tax demand on 143(3) 21504

Self tax paid u/s 140(a) 901

Balance tax payable 20603

Interrst under section 234-B6187

Total tax payable 26790/-

please suggest above interest is right or wrong


Date of assessment order 15/09/2010

Sir,

URGENT.............

We are undergoing expansion through IPO issue and the new unit will be at the different place from existing unit. we are presently incurring certain expenses regarding expansion project i.e.-project report, IPO regarding services, etc.

So, my querries for above details is:-
1. Whether we are required to take new ST And excise registration number?
2. Whether we can take ST & Excise credit for expenses incurred for the such new project in our existing plant ? if yes when?
3. Pls give details, regarding any provision for the above matters.

Pls give reply on urgent basis.

our firm angaged in sugar commission agent business during the f.y 2007-2008 we raised commission bill of Rs. 3677383 servoce tax Rs. 441330 and cess&SHE Rs. 13074.5 total Rs. 4131787.5 we not deducted tds from our sub broker to whom we pay commission due to law of turnover below 40 lacs but during the scrutiny of Income tax I.T officer including commussion+S.tax+Ecess & SHE in turnover and liable us to deducted tds and impose a huge tax liabilty upon us add the expenses to our income on which tds to be deduct around 20 lacs while comm figure is 3677383 without service tax . now we want your suggestion how to challange the I.Tax officer through appeal and also suggest us some cases like us and their order result

thanking you

Some please tell me a partnership firm which deed has been expired. Now for deduction of tds new tan no.is required .my question is that in the tan form wt shud be write . Individiual name with the firm name or only name of the owner. Old tan no. Will be write.

For Payment in U.K, what shouls be the TDS Rate?
In DTAA with U.K rate specified for Tax is 15% and as per 195A it is 40%. However in DTAA there nothing clearly mentioned that 15% is TDS Rate, They have mentioned "Tax shall not Exceed 15%"

Then, What should be the rate?

Hiii all

I am CA final student having my attempt in Nov'11. I want to study accountancy myself and i am also good at subject. My problem is regarding topics other than AS.

I have bought MPV, and started reading from it, understood all concepts very clearly but we all know in CA-final, everytime we get different type of question with slight change in concept.

At first i see question, try to figure out solution and solve in copy, succeed partially everytime but never completely. If again same kind of question appears then till long i remember the past one, i could solve little more than previous one. I plan to go this way & after finishing one time, revise question again quickly by overview, and then pick up unsolved scanner and solve it out.

My question is that this approach is alright or complete wastage of time.

Can an NRI directly remit his investment or through his NRNRE Account in India to acquire Equity Capital in a Private Limited Company manufacturing Automobile Components in India. If so, are there any reporting/complying procedures under RBI/FEMA or any other Regulatory Authority or to the Central Government. OR Prior approval is needed before remittance into India. Pl. explain the procedures to be followed by the Indian Company upon receipt of NRI investment in Foreign Currency towards Share Application Money