DEAR EXPERTS

MY QUERY IS REGARDING SECTION 25 COMPANY RUNNING AN EDUCATIONAL INSTITUTION ON NO PROFIT NO LOSS BASIS (FOR CHARIATABLE PURPOSE) AND TURNOVER OF THE SAME IS LESS THAN 1 CRORE AS PRESCRIBED UNDER INCOME TAX ACT.

NOW MY QUESTION IS WHEN THE TAX AUDIT IS REQUIRED TO BE DONE AND WHAT IS THE FORM TO BE USED FOR 10 (23C)(iiiad).
SINCE FORM 10BB IS USED FOR THE EDUCTIONAL INSTITUTIONS UNDER CLAUSE iv, v , vi OF SECTION 10 (23C). BUT NO WHERE CLAUSE iiiad of section 10 (23c) is mentioned.

please reply.

Hui
Dear Sir,

I m referring the Accounts of one Corporate Company where only Service tax Input Credit is taken. No output Service Rendered. only payment made from Corporate unit. No return Is filed for Service Tax. and how Credit can be utilised for Setoff? there is no Cenvat Credit availed? how to utilise the Credit of Service Tax.
pls xplain the Norms against which it is Utilised.thanx

Dear sir
I want to know the suitable head for accounting entry. My company decided to pay back to the sale executive 50% of the recovery of old oustanding he deposit. and company will keep 1000 per case for new delivery and remaining amount will be payback to executive. The executive have to settel all his expenses, salary, market scheme, sales promotion within the amount company had paid to him. I have a problem that againt which expenses head I have to reimburse him.
1) recovery expenses.(bcos all the schemes and personal expenses will be paid through the executive)
2) Commission (TDS problem - the executive cant bear it bcos after deduction it is hard to expend the remaining money in market.)
3) Incentive (Same TDS problem)

Please suggest me.

Thanks & regards
SHAIKH A.K.

Dear experts

(1)In case of export under LUT it is necessary to maintained any bond register/or any other register?if yes what is the column to be maintained?how to treat transaction?

(2)If we are sending Inputs from factory premisese to job worker for further process and returned processed material to us it is necessary to get permission from excise authority?

Request you to give proper guideline in this matter.

Thanks
Sandeep

i am a ca final student.serving last 9 months of articleship.i have passed GDC & A in 2006 bebore clearing my PE2.completed Mcom this yr. now i want to register myself with "SAHAKAR DEPT" as certified Auditor. can i do so?
or i have to seek permission from ICAI?
how can i ask permission? whts the procedure?
please reply me

What is difference between
1) Banker cheque
2) demand draft
3) Pay order


and if there is no diff. why we use different terms?
Thanks

Dear Expert,

we deducted the TDS u/s 194c which should be deducted as per sect 194I, now the ITO is asking us to pay the differential rate of tax amount to them.

But the service provider on whose amount this tds is done, has filed the return and paid the tax amount accordingly.

if we pay the amount as per ITO, it will become double payment of tax (service provider already paid on his sales).

hence in this case what i have to do?

one of my client made a loan of Rs 100000/-to her wife which was paid back to his HUF by the wife.Both are by account payee cheques.Will it attract section 269SS or 269T?

can a company declare 100% of its profit as dividend?

Respected All,I have come to kinow about Chartered Financial Analyst Course(CFA). I am inhabitting in Lucknow. May i know that is ICFAI or any other institutions are also affiliated related to this course.