Sir

Our Firm Has Received advances against Job work from Debtors ac.The advances are from 20 to 30 parties.The Received entry:

Advance from Debtors Cr
Bank ac Dr

Please say can i make all this advances under i group.Please give group head for Advances the advances are not yet settel upto march 10.

we are a proprietor firm & C&F agents.we hire transporter to carry our goods.Every month we receive bill from transporter.we pay him through cash or bank.I want to know whether we have to deduct TDS as payment to transporter is above RS 20000 every month.i also want to know if transporter quote his PAN NO then whether we have have to file nil quarterly return of TDS.

Dear sir
we have one small doubt, we aren't paid service tax for last Ten months, Now we need impormation how do calculate service tax penalty.pls give detail.

Dear sir,

1)we are Registed with Central Excise.
2)we are Participating in Exhibition at Bombai.
3)The display machinery was removed with Excise Invoice.
4)is has passed Mumbai Octroi Checkpost with R Form.
5)Now one customer wants a particular Machine for purchase, from the exhibition site.
Please Clarify.

1) Is it possible to send machine with out Bringing back to our unit at bangalore.
2)Central Excise Formality to be Followed.
3) How Can Be complete with R Form Closing at Mumbai check post.

Hi

If a individual filled income tax return in 2007-08 (AY 2008-09) but there is by mistake for which PAN number mentioned and the Income Tax department send a letter u/s 272B (which is penalty not less than 10000)
Can anyone give suggesstion what can do the Assessee?

Can he filled the revised return or any other option that he can do?


Thanx & regards
Anirudh

we have purchased licence of Sonic wall for one year.

please advise whether TDS is to be deducted , if so what is the rate of tax.

Hi,

Last year my mother bought a house in Faridabad. My mother and me are the joint borrower for the home loan. I am not the owner or co-owner of the property. I have only salary income. However, I am the borrower in home loan and all the EMIs are paid by me. The bank issued a certificate in my name and my mother.

Can I claim deduction for the home loan interest & principal @ 50% or Nil.

I discussed this issue with some CAs who are in practice but not able to find a consensus.

Could some one help me with the reference/ circular to resolve this issue.

Thanks in advance.

Regards,

Piyush

Hello everyone

I had appeared in november 2009 exams but could not clear.Now I am worried as there are lot of changes in almost all the subjects. Please suggest me following:-

1) Changes/revisions in AS

2)Material to study the revised and newly issued Standards on auditing

3) Any changes in law (specially sebi guidelines etc )from last attempt

4)any change in mics apart from amended information technology act

5) Is new direct tax code applicable for may 10 or just i have to update myself with finance act 2009 and other case laws etc

6)where from should i get all the changes in IDT

I will be really thankfull to all of you.Please help me.

plz send me listing conversion of pvt ltd into public ltd and procedure of listing on my email id: gorihiteshh@gmail.com

Regards applicability the act says the following:

" Every other establishment employing at least 20 persons on any day during an accounting year."

Would that mena that literally every small shop like stationary or grocery and all corporates come under this category provided they employ 20 or more employees?

Please quote relevant sections forming your opinion.

Thanks.