PLEASE GUIDE ME HOW TO PAY SERVICE TAX 14%, INCLUSIVE OF EDUCTION CESS 3% FOR EXAMPLE
SERVICE TAX 13.59%
PRI EDU CESS 0.27%
SECOND EDU CESS 0.135%
TOTAL 14%
OR PAID 14% AS SERVICE TAX WITHOUT BREAK UP
PLEASE GUIDE ME

I am a CA working with a MNC (Fortune 500 company) as AM - Financial Planning and Analysis in Kolkata. I like the line and would like to further my career in it.

1. I would like to know what is a scope for a CA to advance in this line.

2.What short courses I can do for the time being, which will help me to move to a bigger company in place outside bengal, preferably couses from ICAI if they are good. ( I donot have the money right now for courses such as CFA and all)

3. Which course I should look forward to (i.e. save for) in future (Preferably after 1-2 years) to have an add-on course for this profile, as I would like to progress to Strategic Planning some day.

Esteemed members of CCI, please answer to each of my three questions.

Thanks!

How will you value ED on free samples? For example, Product K, MRP is 30/-, Cost is 15/-, what is the ED payable if we issue free of 100 nos for business development or marketing executives?

How will you incorporate the same in Invoice?

Do we have to really pay ED for these kind of transaction?

I am working with a Private limited company for last one and half year. As per the terms of agreement I need to servce notice period of 90 days while I'm going to serve less than a month in actual.
Now I have to make payment for the shortfall of notice period. But the company is charging service tax @14% in addition which does not include the terms of appointment.
Is this allowable ??? If yes, under what ground ?? Any relevant section can you please mention.

Please please help.

Regards,
Shibu Pramanick.

Hi,

I want to know the accounting treatment for the following issue:


A manufacturer (company) has outsourced work to a job worker. The job worker has purchased a machinery and shown in the books as a fixed asset and claims depreciation. The manufacturer reimburses the cost of the machinery incurred by the job worker in Equal Monthly Installments. Further the manufacturer doesn't want this amount to be shown as a loan installment. Now should the EMIs be reducing the value of the fixed asset in the books of the job worker? But then at some point the value of the Fixed Asset will turn negative, since the asset is being depreciated. What should be the Accounting treatment for this?

Thanks

Dear Sir, As per sec 194IA if the total consideration for any immovable property exceeds 50lakhs then TDS @ 1% needs to be deducted. My query is if say total consideration is 65 lakhs including service tax and service tax is of 5 lakhs then TDS u/s 194IA needs to be deducted on 65 or 60 lakhs???

hello, i am ca final student (cleared one group), right now i am staying in periphery of surat i.e. sayan. I want to do some work from home related to tax or accounts or other related matters, on assignment basis. Kindly suggest me contacts where i can get work.

sir i appeared ca final in nov 2014 and i got exemption in sfm but unfortunately i got 33 in financial reporting .due to this my result is failed .i gave application for verification .i am in nepal due to earth quake i didnt check my email.and i again appeared ca final in may/june 2015 .yesterday i checked the mail and i passes in that paper now my first group is clear .but what happen sir i recently appeared same exam? my group 2 is already cleared in may 2014.can u plz suggest me........

One of my friend is stuck between 2 options and wants to weigh both the options from tax point of view:
1) His NRI father from his Nre savings a/c. gifting his mother a sum of Rs.5lacs through cheque for the renovation of house in India in her name
2) His NRI father from his Nre savings a/c. gifting his son a sum of Rs.5lacs through cheque and then he in turn gifting his mother for the renovation of house in India in her name

Dear All,

I'm going to manufacturing on job work & all the material shall be supplied by the principal manufacturer. I would like to know how can I save Excise Duty on Job Work?

Therefore, I request to all you kindly provide detailed solution.