In case of a builder we have to calculate borrowing cost.
In this case a project is completed in mid of the year and all other projects are running projects.
Then we have to calculate the borrowing cost for all projects, but the question is about completed projected, borrowing cost will be calculated for which period for whole period or only uptill the date of completion of project.
note:
1. sale booked for all projects at the end of the fin. year.
2. expenses also debited after completion of the project as bills came late.

please guide me immediately.

executive directors is offering management consultancy services to the company for which he raises separate bill. Would the company liable to pay service tax under reverse charge mechanism?

we are a company making payment to a individual cab services,
he is charging service tax @ 12.36*40%-4.996%
and we are directly paid (inclusive of ST) the total amount to the service provider and we claimed cenvat credit for the same.
but as per reverse mechanisam we have to pay the service tax.

what we have to do now,

please suggest me.

Hi friends,

greeting of today,

I want to know IFRS is now applicable to India with converged system and also I went through with notifiaction of phased manner...but i am confused about whether insurance co..listed co..already adopted converged system or waiting for MCA notification...pls solve this query ...what is current status of IFRS in India...

I have deducted 10% TDS & paid to the government on the basis of Proforma invoice & file my TDS return. but the vendor has issued the bill of less amount.
What to be the next step...!

Example :
I have dedcted Rs5000.tds where as as per tax invoice it comes Rs.3000.I have paid 3000 to government & it was first & last transaction with the same vendor.

Please suggest

Hello - I am working in IT company. We have bought multiple assets in FY 2005-06 and onwards. We have taken input VAT credit and shown as receivable in our books.

Now out of those assets we have sold few, Do I need to reverse the VAT credit taken earlier, if yes, what would the entry

Thanks and Regards,
Pankaj

I have applied for transfer of my articleship in 2nd year. I have sent my application to the Institute along with the required documents 3 months before, but till now i haven't received any response from ICAI. I have called in Mumbai Branch of ICAI they told your application is sent to delhi wait somedays...etc
Now what should i do? please help me... is there any way to kw the status???

after e filing st-3 the status in aces site shows 'filed',does this mean it has been accepted by department? or will the status change once accepted by department?

2) do we need to submit a hard copy also to the department after e filing ?

what should we do if the status is not changed even after a couple of days?

Dear Sir

I Want to registration for authorized income tax practitioner and also want to get Gujarat VAT enrollment number. So please advice me I am eligible for applying?

My qualification is B.com (LL.B. 6sem result pending and also experience in of 4 year consulting firm) if I have eligible please know processor of both registration and which documents are required?

Thanks & Regards

Dear Experts

PF employer contribution is part of CTC or Excluded from CTC. please clarify my doubt.

Thanks In Advance.