Dear Experts
Weather 2% Education cess and 1%
SHEC cess is applicable on income tax
I mean for firms/companies it is only 30% or 30.9%

Regds
Mukesh

Dear Experts,
My company has reimbursed Rs. 13500 to one of the employee for travelling expenses. Please tell me what will be the accounting entry of reimbursement in the books of company,

Regard
Ramesh chandra

Hi friends, I have to write my ipcc 2group in this nov16 attempt(6th attempt).And I have exemption in Advanced accounting and in last attempt I failed due to 8 marks shortage in ITSM. Now the problem is due to heavy work in office I didn't studied any thing in Audit&ITSM And have time from 18 th October to 9th November(12 days after office hours and 9 days full leave). Can you please tell me how to use this days effectively so that I should complete my IPCC Atleast in this attempt.n ad and also tell me any techniques during exam days and exam time Tell me any preparation strategies please.(Till now I am studying from ic@i material only) thanks in advance....

Tds on commission for Aug was not paid in sep.we are paying it in Oct by tomorrow. Tds amount is 10190.tds was due on 11th of Aug and deducted on same day and payment of commission to party made on 20th of Aug.kindly calculate the interest I have to paid.we are going to pay this on 6th of Oct.

Hello,

Please help to understand the assessable value. in following 2 scenario.

1. Under 1.5cr Limit (Excise is not charged )
Material Value: 50000 (includes excise amount)
VAT: 2500
Total (502500)

2. Once 1.5Cr Limit is crossed
Material Value (40000) (Excise amount is not include)
Excise value (10000) (Excise amount, taken round figure )
VAT 2500
Total 502500.

When I will file the ruturn in both scenario what value I will fill in the assessable value part.

We are registered a s Trust and we are providing various training programmes to Employees of our another division and other institution. We are planning to conduct one International Training Programme in January-17 in Kerala and expecting some participants from Foreign Country. Hence we are expected to getting some fees as foreign currency.Please advise me on the service tax applicability on the above matter.
MAnu

suppose we are running two firms.we make payment of rent of A'firm through bank account of b firm.do we need to deduct tds in A's books??

I am working in Electricity distribution company I want to know that, we have engage some Credit cooperative society Ltd. for collection of electricity bill, these cooperative societies are register under service tax act, let me know whether we are liable to pay service tax under reverse service tax mechanism.

i have paid a tution fee of Rs 1.05 lacs for my daughter this year and got a single receipt as amount was paid in full at one go.
me and my wife are both incometax assesse and both have other avenues like Pf ,insurance etc for claiming rebate under secion 80 C. and neither of us can use the fiull amount of tution fee paid as rebate
hence i want to know whether can both of us claim part amount of tution fee paid for claiming rebate under section 80 C.

Sir now whatsapp is charging rs 55 per year as a charge . Now the service provider ( whatsapp ) is located in a non taxable territory and we the service recievers are in a taxable territory . Consequently, the reverse charge mechanism is applicable here . My question is , in reality who bears the burden of paying the service tax liability to the govt ? Or are these social networking sites like facebook and whatsapp are exempted from service tax ?