Dear Sir's, we have deducted TDS on include of service Tax. from starting Apr-16 to till date of all bills(which applicable bills) today we came to know before service tax should be deducted. We have deducted and paid to govt, also In E-returns showned even though issued form 16 for Q1 and Q2 to all vendors , in Audit they found us what to do know Need help on this.....

We are under renovation. Hence we are making pmt to a interior 1.5 cr, what should be the entry for that (5* hotel)

whether service tax and interest on delay deposit of service tax can be paid at the same time, if not deposit interest at the same time then what will be the consequences.

Dear Sir / Maam,

A car having WDV of Rs. 28 lac on 31.03.2016 was sold at Rs. 23 lacs on 31.12.2016......Please guide me the treatment of this transaction in Profit and Loss Account and Balancesheet.

Regards
Rupinder

I will appear in IPCC may2017 exams. I have all Nov.2016books. is there any change in group2 books

Co-operative Societies in Kerala were struggling to get out of the disallowance of claim u/s 80P(4). Department was very adamant that the claim for deductions u/s 80P(2) are available only to Primary Agricultural Credit Co-operative Societies as these Co-operative Societies are allegedly functioning like Banks. Hon'ble Kerala High Court was also holding such a view. This standpoint is diametrically opposite to the judgments of various High Courts all over India which have held that all co-operatives which are not "Co-operative Banks" as defined in Part V of the Banking Regulation Act 1949 and not licensed by R.B.I are eligible for deduction u/s 80P(2). Recently Hon'ble High Court has held that Income tax authorities shall not probe into the such issues and that if a co-operative society was classified as Primary Agricultural credit society by the State Co-operation Department that only will make them eligible for deduction u/s 80P. Still the issue of other Co-operative societies other than PACS which are not licensed by RBI still is in darkness. Now, the Revenue has challenged the recent decision of the Kerala High Court before the Hon'ble Supreme Court by a SLP. In case the decision of the Apex Court happens to be in favour of the Revenue the entire Co-operative Sector all over India will suffer in as much as such verdict may reverse the decisions of various High Court in which it was held that all co-operatives other those licensed by RBI are eligible for the deduction u/s 80P(2). The Co-operatives in Kerala would like to implead/intervene in the case filed by the revenue in the Apex Court. I earnestly request our experts to please offer the names of some of the eminent Advocates in supreme Court who are well versed in the subject matter i.e. differences between Co-operative banks and other Co-operative Societies carrying on Banking business and its implication on section 80P(2) & 80P(4).

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hello,I completed my graduation in 2010.after that I still doing job and I am complete CMA inter one group.I am doing job because my family financial problem.but I was admission in IPCC under direct entry scheme in 2013.Bt some reason I was not continue studying.my current age is 27,at this age if I start preparing CA ,after that can I get job?,I want to growth my career Bt i am confused.please suggest me.

P1stays in mumbai has inherited a amount FD from his brother in Anjar( Gujarat state) , who is deceased and had put P1's name in nominee , is it necessary to register a gift deed? if yes then please tell me the procedure please tell me whether mere having nominated in FD can d nominee become legal owner of the amount?

Trust want to close the operation as it has no such charitable activities but it has spent such expenses up-to Dec 2016. Trust want to transfer entire bank balance to another similar charitable trust Is it necessary to file the IT returns for expenses incurred up to Dec 2016 in the I T return for the At 2017-18?

Dear Experts, One of our client (Fashion Designer) has started his business from Apr 2014. He took Service Tax Registration on apr 2014(on commencement of business itsef). But he has not collected ST from his customers. Gross receipts for FY 2014-15 and FY 2015-16 was less than 10 Lacs. Till now the client has not filed any ST Returns. My query is Can we file ST-3 now for the above mentioned years claiming Small Service Provider Exemption or Ignore it & file the return as and when ST is being collected? Suppose if we file ST-3 now for the past period will late filing fee be levied? Any chances for avoiding that late filing penalty?? Pls suggest ur opinions. - CA.S.Raja