i m submitted my return on 28/04/2014 for the period of oct-mar 2013-2014.if i will pay any late fees amount for that 3 days

1) labor charges bill
2) how the labor charges define?
3) can principal manufacturer avail credit on labor charges if he is paying excise duty on final product?

I had applied to become expert last week. Still it is not approved when it get approved.

Can Anyone provide me the provision of Pure labour contract service, if the receipient is a limited company and the provider is an individual, where labour works directly under contractor for admin building structural work but invoice raised on company, is there any reverse charge mechanism would apply if yes then what are the rates and if no then provide a clarificatiory provision on the same.

Dear Experts,
what are the accounting entries for the TOD unpaid closing entries and next year's opening entries. with its impact on P&L A/c.



thanks in advance

We paid to Vendors Rs. 31460/- including Service Tax (Rs. 28000/- AMC + Rs 3460/- Service Tax) kindly suggest me we deduct the TDS on AMC Charges or not

Car Value (Fixed Asset ) = 62930
Interest = 6846
Down payment by Cash = 12590
Balance 57186 as loan
Monthly EMI of Rs 1191 which includes interest
First month installment 927 + 264 = 1191
Second month 923 + 267 = 1191

Kindly describe which are all the accounts need to create under which heads. in tally

Dear sir,

Can I charge depreciation As per Income tax while closing the company book.Is there any mandatory provision related to depreciation.

Dear Experts,
While applying for a service tax number, some how I was provided with 2 account numbers by the authorities in a gap of few days.
I started using one of the ST number that I got and did not use the other one at all. By mistake for the last 2 quarters the ST payment I made was done in the non used ST account. Now the problem is
1. The collection of service tax and the payment are in 2 different accounts.
2. How should I file the ST return already due.
3. Can the payment of ST be transferred to the other (used) account given that both the accounts are in the same name.

Help and guidance required.
Thanks
Saurabh

Hi,

Do the individual need to get audited under section 44AB in the following cases?

Case 1- An individual have invested more than 1 crore rupees in the share market through a broker.

Case 2- Net sale value of this individual is more than 1 crore. (Net sale value=Sale Value - Purchase Value).

After doing some reading i have noticed that the above individual need to get audited only if this trading is in the nature of business otherwise gains from the sale can be taxed under the head Capital Gains.

Under what circumstances this trading of shares in share market through broker will be considered as business?