we have raised labour bill of rs 20,00,000 to other party, are we fall under works contract, if so what is the procedure to execute, and we do not have works contract number, what are the consequences?

I am working in pvt co and we have paid sale tax which is shown under duties and taxes, can be the sales tax amt deductible or allowable under income tax act, if so under which act?

Hi, I'm appearing for IPCC in November, 2014. I'm also appearing for CAT this year. If I manage to get admitted in a good college, I'd like to pursue MBA in finance. Now, my question is whether my IPCC result would still be valid after 2 years if I wish to continue with the C.A course after a 2 year hiatus?

should i purchase direct tax book , my attempt is on may 15

assessing officer informed that no exemption is alowed when the residential house is purchased which is not a new building. i mean ready residential house purchased by the assessee which is of 6 years old house. other condition of the asset satisfied can some one please share view on this denial.

Material purchase for administrative office can avail vat input or not.
Thanks in Advance.

what is proforma invoice and when it is issue and what is its uses.
thanks in advance

I did not join any coaching due to some family problem. my ca final attempt in nov 2014 not enough time to join coaching and complete both group tusion so that now I am trying to self study for Nov 2014 Ca final exams. plz guide me some tips tricks and suggestion. practice manual And RTP are sufficient or have to learn module. any reference book for Ca final all subject which are self explanatory and how to give answers to score exemption and importance topic which are use full to clear Ca final exam . thanks in advance.

A partnership firm stopped manufacturing business and started trading business in FY 13.14. The turnover for FY 13.14 is Rs. 50 lakhs and profit before interest Rs. 1 lakh. Interest Rs. 4 lakhs was paid on unsecured loans, no interest and salary is paid to partners. The firm has received Rs. 10 lakhs from a Pvt ltd. co.(a related party) on a deposit which was kept kept as deposit in the preceding years and interest on Income Tax refund Rs. 50,000/-. After considering the above the net profit as per P & L is Rs. 750000/-.

1. Whether the interest received is to be treated as income from other sources?

2. Whether audit u/s 44AB is applicable considering provisions of Sec. 44AD?

I started my article ship about two month ago. For the same I sent form 103 to Icai Kolkata branch but through DTDC courier . Now I came know that 103 through courier is not use to accepted by icai, for the same I am calling to Kolkata branch but unfortunately i use to get busy tune all the time.....please any one help me on this problem ....I hope anyone will understand my problem and will help me as soon as possible.