If a person is an artist. He makes paintings that are displayed in exhibition and are purchaseed if anyone likes it. Will the receipt come under sale or professional fees.

Dear Experts

I'm employee on an organization,I have been working for 2.5 years.

so far i didn't applied for PAN Card & from the past 7 months i've been charged approx Rs 5000 as income tax

I dont know why? may be it bcoz of PAN card, if it is so can i get refund once i got the PAN card

Pls advice

Any one please tell me about the process of e-filling of VAT,TDS,TCS,CST RETURN.&
how can i fill the return through on-line.

In my office I do all accounts on cash basis i.e. all payments of Dec to be paid at Jan and I make entry in Jan. But now I was told that all expenses for the month of Dec to be taken in Dec as Outstanding and then it is provided in Jan. So according to office Rent for Dec to be accounted for like:

Dec
Rent A/c...............Dr
To Outstanding Rent A/c

Jan
Outstanding Rent A/c
To Bank

I told office that I'd make this provisional entry in March. Then I was told to be confirmed whether taking all outstanding provisions in March only is correct process or not. So Please advise whether my accounting process is correct or wrong? Should I make all outstanding provision every month or only March is enough?

SIR ,

I am IPCC Student registered on may 2012, but i not complete Information Technology IIT Training & also not appear 2 previous attempts. May i appear May 2013 exam without completion of IIT Training only 2 Group.

kindly help me.

R.Kaleeswaran

A flat was purchased from DLF for Rs. One crore to be completed within 36 months. DLF delayed possession upto five years.
DLF paid Rs 18 lacs as 'Penalty for delayed Completion' of this real estate contract'

Question. I wish to know whether this penalty is taxable in the hands
of receiver? or can it be reduced from cost of the flat?

As per schedule, now i relocated to (Triplicane)Chennai. It's very near to my office (just 20 minutes).

Now can u guide me for Nov,2013 IPCC attempt effectively by self preparation mode!!!!

I am thinking that, it is better to go only with Institute materials thoroughly along with practice manuals, suggested answers, RTP... Is it ok???

Any other suggestion???

Dear Sir,

We book a hotel for business purpose of rs. 250000/-. Tds will be deducted in that amount & which section.

1. Can a person gift cash of Rs 2 lakhs to his brother's wife ?
2. Can a lady gift cash of Rs 2 lakhs to her son's wife ?

- Ramesh.

Dear Experts,

We are a Mfg Unit & service receiver, we are paying service tax on the payment of staff Bus hired by us for our Mfg unit under R/C mechanism after availing abatement of 60 %.

My query is, Can we eligible to take Cenvat Credit on the payment of 40 % service tax paid by us ?

Thanks