SIR,

WE HAVE RECEIVED GOODS FOR JOB WORK AND ISSUE A BILL FROM SALE BILL FILE AT VAT 4%.

CAN YOU SUGGEST
1.) IT IS SALE OR JOB WORK INCOME
2.) WHETHER VAT IS CHARGED ON JOB WORK INCOME OR NOT.
3.) IS IT WRONG TO ISSUE JOB WORK BILL FROM SALE BILL FILE OR NOT.

PLZ REPLY................../

CAN ANY BODY HELP ME THAT WHAT WOULD BE IMPLICATION OF AMOUNT WITHDRAWN FROM PF ACCOUNT i.e. SUPPOSE FROM APR 09 TO SEPT 09 HE IS CONTRIBUTIONG 12% Of HIS SALARY TO PF A/c AND IN OCT 09 CHANGING JOB AND WANTS TO WITHDRAW MONEY FROM PF ACCOUNT IN DEC 09. NOW WHETHER CONTRIBUTION TO PF A/c WILL BE CONSIDERED AS INVESTMENT U/S 80C. AS YEAR OF DEPOSIT AND YEAR OF W/D IS SAME YEAR.

Can anyone pls suggest the accounting entry:

1) when the service is taken (Input) & provided (Output) on one date & the payment is made for the same on another date.

Pls suggest the entry on both the situations...

XYZ is a company based in Germany manufacturing automated folding machine..


ABC (FROM INDIA)assist the sales of these machines in India to end-users, who are printers. When XYZ sells machines in India, they invoice the end-users directly and pay commission to ABC. Also for the spare parts sold to the customers, XYZ pays commission.

ABC in turn help them identify customers and inform the same to XYZ. XYZ also provide service to the machines during the warranty period.


The commission is received in foreign exchange

WHETHER TDS IS APPLICABLE ON ABOVE COMMISSION TRANSACTION? IF YES THAN IN WHICH CATEGORY? % WHO WILL DEDUCT THE TDS & AT WHAT RATES?

One of the Service Provider has developed online cinema tickets booking services online,say A(Service Provider). Now A is providing services to Theatre B for assisting in the online booking of tickets.

The actual price of the ticket is Rs. 50/-per ticket.Now when the tickets are sold online, it costs Rs. 60/- to the viewers.This Rs.10/- is the service charge charged by A, the service provider, which is to be paid by B, the theatre owner.

Out of Rs. 10/- the Service Provider will keep Rs. 7 and give away Rs. 3 to the Theatre owner.

Rs. 3/- is in the nature of revenue sharing.

Now my query is on what amount, the Service Tax should be charged???On Rs. 7/- or on Rs. 10/-???

Kindly suggest, its urgent.



Regards

Priya Sharma

Dear Sirs,

Could any body kindly resolve my querry?
I would be much happy & thankful to you.

My Querry follows:
I have passed CA Final I group under erstwhile Final old syllabus in 1992.For clearing my CA now ,should I have to clear both the groups or is it enough if I clear the II group alone?

Sometime before I was told by the Institute that validity of the exemption of that Igroup was already over,Pl.kindly
let me know the present status.I am not getting any reply from the Institute;I am in Saudi Arabia & have been working as Mgt Accountant.

Could anybody can help me to resolve my querry?

With Regards,
P.Balan

CAN U TELL FORMAT OF RESOLUTION OF DIRECTOR REMUNERATION

an exporter an resident in india is paying testing charges of its product to a party for testing charges in abroad(a non-resident) though EEFC a/c by DD in US $ and the product is sold at abroad wheather tds is to be deducted in this case before payment or not.

If a director is common in 2 Public companies and hold less than 2% of the share capital of the Company, then will his vote be counted in the Board Meeting on the matter of a contract or arrangement to be entered into with that other Company??Is he interested under section 300???


Please help me to sort out the query...need answer urgently...

1>Can the date of the stamp paper be after the partnership is entered to by the partners.

2> I have a sole proprietorship CA Firm now I am going to admit a partner. Pls send me the relevant Partnership deed.
(camcandco@rediffmail.com)

Thanks & Regards