Dear Experts, kimdly guide on the below mentioned issue.. Me and my friend went to a cafe and we had these things in our brekfast Garlic bread---89.00 Tomato Soup--65.00 Extra Cheese--29.00 Choco Chip Delight--178 total -----------------------361.00 Discount @ 30% under a card scheme--108.00 Service tax---6.00%----21.66 Vat------------14.50%-----52.37 Net amount paid by me---327 now my ques is whether Service tax and vat chargeable after deducting discount amount or without deducting discount amount ?? As this cafe is not deducting this from the amount and charging taxes on full value. whether its practice is right or not ??

Sir,

My Client Purchases A residential house in lucknow amount of Purchase above 1.5 Crore . But He was paid full payment of Price of house and he did not deduct 1% TDS of Payment. and TDS did not Deposit by Purchaser. it have six months passes of above transaction .
My question is that now what can i do ?

Sir, Please solve urgent basis this query. I am Waiting for response...

Would you please guide me, if an agency having TAN number but doesn't it does not know PAN
I have search it in Income tax web side for the PAN number by using TAN. But result shows that does not PAN number please guide me in the matter.
Can I charge the agency at higher rate being it does not have PAN please guide

Dear Experts,
A Private Limited Company having
A. Paid up capital Rs 31.25 Lac
B. Share Premium - Rs 82.35 L
C. Profit & Loss A/c (Cr Bal)- 7.25 Lac
D. Loan- Nil
E. Turnover Rs 4.53 Crore

Please confirm whether CARO-2016 will be applicable or not

Respected Experts Experts can I know the best coaching of AMA(CA Final) in Gurgaon.

Hello Sir ,

Cold you please evaluate below situation and advice ?
Assume if an NRI who spent above 30 years outside India is returning back for good.
1. How long his NRE / FCNR account can be with NRE status. On the other hand when those accounts will be converted to Normal Savings Account. (6 months / 1 year etc…)
2. Assume if the NRE has a FD of 50 lakhs for 10 years maturity period and he will be returning back for good after 2 years of opening the FD. I believe until the contractual period of 10 years the FD can continue. But how long the interest is not taxable on the FD. I read an article where it stays if an NRE is outside india for 9 year out of last 10 years then he can enjoy tax free status for 2 years from the date of return.
3. If the NRE & his spouse has different fixed deposits whether they can be considered as separate income tax assesses.
4. Assume if the NRE is returning and he and his wife has separate FD’s. Husband is above 60 and wife below 60. Can they enjoy 3 lakhs (husband) and 2.5 lakhs for wife as exempted income on their FD’s. Both of them were working abroad and had separate salaried income for themselves.

In the current year ABC Ltd has business loss of Rupees around 1500000 but in the current year CO has earned long term capital on sale of mutual fund. kindly help me in calculating the tax amount for the purpose of Advance tax. aà

dear sir
Our company Last year show
Profit before exceptional and extraordinary -423699
Deferred tax -130923
Profit/(Loss) for the period (292,775.96)
I doubt is how much loss can be carry forward this a/c year 15-16 for set off profit
Kindly advise

Dear All,

I have one doubt in sec 194C. There are 2 contracts in which one contract is of Rs. 35000/- and 2nd contract is Rs. 30000/- and the some is not exceeding Rs. 75000/- then whether TDS will be deducted on Rs. 35000/- only or on total amount of Rs. 65000/-. Also mention the relevant provision and reason of the same.

Thanks

Hi everyone
Can anyone tell me due date for filling mvat quarterly return for f.y 16~17?

Please reply as early as possible. Thanks in advance