Dear All,
A company in karnataka want to export my company's product in UK, If he issue form H he will not have to pay tax as a VAT, I want to know He is unable to issue us form "H" in that situation How much tax should he be liable to pay to Sales Tax Department?
Its urgent........

Dear Experts

Please tell me whether we have to reverse Cenvat Credit on raw material used in goods which are exported out of india

i just tried to fill up online income tax return but this time IT Dept.change as itr utility. my income table as per below

salary - 120000
int.income - 103715
income on tata life policy - 112772

total income - 336487

deduction

lic pre. - 11409 (u/s.80c)
child edu.fees - 11950 (u/s.80c)
int.on sb a\c. - 3012 (u/s.80tta)
tata life policy income - 112772 ??????

my problem is this that income on tata life ins.policy need to put under which section?
i refer some website some of that says u/s.80 1010d but there is no column of this section in itr utility so what to do pl.help me

Company is providing security agency service to various customers. The company raising its invoice of service provided to customer after completion of month services ie. service provide during the month of April is being billed in 1st May and book the revenue in 1st may in account book. However, all the expenses related to the month is being booked in last day of month says 30th April in this case.

The question is come in place at last month of financial year booking where at the end of financial year, company has booked March month expenses itself in March month as per running practice but income is booking in 1st april (Next financial year).

Company want to book the income on 31st march itself so that full income should be charged in P&L against the expenses charged for the period.
March service month bill has been served to client on 1st April date.
Can anyone suggest what accounting entry company supposed be passed. Can the bill value of March service month may debited in “Income accrued but not due” ledger.

Dear Sir

Please advice about mediclaim amount u/s 80D i.e the policy premium is 11758+ s.tax. will be applicable with service tax or without service tax ?


Thanks

My father had invested in 5 year Tax Saving FD in 2011 in joint name with my mother. He expired in 2013.

We had requested the bank to close the FD. As per the bank, the FD has to continue for 5 years. I am finding it difficult to account for the quarterly interest being earned on the FD.

Please advise

Pl let me know challan and return in which TCS to be paid for purchase of property above 50 lacs and how to issue TCS certificate and in which form.

Sir,

Asst. year 2010-11 completed under scrutiny i.e order u/s 143(3) passed. Now the AO intend to reopen the assessment for the A.Y 2010-11. In such a case can AO issue notice u/s 148 suomotto. If not with whose permission the AO has to obtain for issue of notice u/s 148. Pl. clarify

Respected members,

With reference to above subject, kindly request you to help me on below matter.

I run my business in a premises which has a rent of 40000 per month, which will be 4,80,000/- per year.

Now my landlord is asking me to pay the service tax on rent which is at 12.36%. I am aware of the fact that the service tax is payable only if the annual income out of that premises is above 10 laks.

My landlord also runs lodge business in the same building. SO the total income of his business organisation is above 10 laks. But I am accountable for only 4.80 laks.

In this case why am I responsible for the payment of service tax? My rent does not cross 10 laks per annum.

Please advise if I am right or wrong?

Thanks
Rohan
Mangalore

Please help…..if NRI works in Singapour (Foreign Country) earning income from salary and he transfer money from singapour to his Indian bank account and from out of such money he purchases Capital Assets (Land) in India, my query is…what is the Income tax implication arises in India and Singapour also?