Hello,Could you please explain me the difference between FIFO and Weighted Average Method. Also how cost per unit is calculated while using Weighted Average Method in Process Costing?

Dear Expert

My company is a manufacturing unit
I have Purchase raw Material & freight paid,& deposit service tax on it & Cenvat Credit taken freight inward. but unfortunately this materiel is reject and we sold it to other party.& freight outward paid by party

please advise that can we reverse the credit or not.

Hi Friends,
While deducting the Income Tax from employees salary for March 2014 by mistake we have not deducted Rs.2100 from one employee. We realized the mistake in April this year. Now the employee is ready to pay now. How to file quarterly etds returns for Form 24Q?

I forgot to mention that all our previous year transactions are closed now. I mean we cannot transact previous year entries in any manner. Whatever we do, we can only make entries in the present year (2014-2015).

Employee is ready to pay the income tax due right now.

How to overcome this problem.
please guide me.

An assessee deals in buying & selling of land (agricultural & non agricultural) and earns profit from it.

Under which head will the income be taxed?
Is capital gain attracted?

What is the limit for wealth tax return for F.Y. 2013-14?

Can we do articleship training in a public ltd company doing consultancy service?

hi, my client has sold her residential property which was accquired by her from her father prior to financial year 1981.she has sold it for 23,00,000 of which cost of accquisation was rs 1,50,000. please suggest me the tax treatment of above situation.

I worked in a Limited company for 10-months where my EPF was deducted from my salary, i have a a/c no.also, but when i want to know the balance or status online it shows invalid,

now I am working in an another company, and they will deducted EPF, what should I do? they are saying to open a new EPF account, as the previous a/c no does not show any records.

can any body open or have 2-EPF ACCOUNT as he does have any information about 1st EPF a/c while amount was deducted from his salary....regards

A client of ours is making a sale to a Government unit, which are asking for invoice without VAT as 'they don't pay VAT'.
Is it true that sale to all Government units or certain Government units is to be made without charging VAT?
If yes, what's the procedure for that (as in if there's any document we have to take from them.)

Currently I am working for a small BPO as a senior level manager.The Indian co. is fully owned by a US based Insurance Company whose shares are almost entirely owned by a single individual Dr.A. My company (both US and India) has now been acquired by a bigger company in US. Dr.A out of gratitude for the employees who have been with him (both in US and India) since inception has agreed to pay a fixed sum from the sale proceeds of the company. My worry is about taxation aspect for employees in India. Dr.A is paying this money in his individual capacity and not through the company. Will this amount that we would be receiving be treated as a gift from Dr.A since we do not have a contractual relationship with him ? Will this amount be subjected to tax both in India & the US ? Thank you for your valuable time and suggestions on how tax can be minimized ?