A question was asked to me on an interview.

If an item was delivered to a company on 31.03.2013 (last day of FY) with out a bill and the books need to be finalised on 05.04.2014, what will be the procedure ... whether we will account in 31.03.2013 or we will wait till the bill receives.

Dear Sir,

We are the manufacturing company. we have service tax credit of more than 10 Lakhs.
Q1. Can we adjust against payment of GTA.
If yes, please provide the cenvat credit rules.

Q2. If GTA is reverse charge mechanism, what is the notification number saying that it is reverse charge mechanism.

I need urgently to make payment

Thanks
R Kalyana Sundaram

Dear all,

We are having plots by individual names. We wish to collaborate with builders & developers to give it for construction. as these properties belong to family members can we create a joint venture or can transfer it into LLP. Please suggest the proper treatment with tax obligations.

AFTER FILLING ST 3 RETURN I CANNOT SELECT DECLARATION IN SELF ASSESSMENT MEMORANDUM
THE TICK MARK IN CONCERNED BOX IS NOT COMING

CAN U HELP ME IN THIS PLS ?

An assessee pays rent annually for FY 2013-14.

He receives the bill for the same on 31.03.2014 and he books it in his books on the same date.
Now, for deduction of TDS, the due date for deduction for FY 2013-14 will be 31.03.2014. And TDS can be deposited till 30.04.2014
Accordingly, there will be no interest liability for late deduction or late deposit (Deposit before 30.04.2014)

Is this correct?

XYZ Ltd. is having a building which is used for its business and profession I want to know that whether that building will be considered in Wealth or not?

We have fild a return for A.Y 2013-14 on 21/09/2013 and the same has been processed by the I.T Dept but we need to revise the return is it possible now? as the section says that the return can be revised within 1 year or before the assessment is complete whichever is earlier.. the return status in the site shows processed does it mean that assessment is complete??

I am getting a problem in filing Service Tax return (ST-3) because the challan has not been updated on aces website.

As the due date of filing the return is 25th April, 2014 some of my clients have made the payment of service tax on 21st or 22nd of April which is till now not updated on the aces database.

I am not able to proceed further after entering the challan details as the website page does not allow to go further and shows an error message about Challan mismatch.

Can anyone help me out on this issue as the Service Tax helpline number is also unanswerable.

ABC Pvt. Ltd. is a construction company engaged in business of construction of roads and other government contracts. I want to know whether cost of diesel and oil and repairs, in vehicles engaged in making road and shifting of goods from various sites and plant, would be direct cost or indirect cost??? Since it is a construction company vehicles and machines required for constructing road and shifting material to various sites from plant requires higher use of vehicles. so cost of diesel, oils and other repairs is very high as compared to other industry. please tell me these cost would be direct or indirect??? thanks

if a grandmother transfers house property to her grandson under the Gift deed the rental income from such property would be taxable in whose hands???