I have heard that we can sell shares first and than purchase the same back. My question is that how could i sell when i dont have any share?

Dear Sir,

Hi !!

For one CLIENT

From last 3 year he is filing the ITR 1 against salary income.

Now this financial 13-14 year he has income from salary and part time income from consultancy, so which ITR form he should file.

He has TDS certificate 15000 against professional income (Consultancy) and 7000 TDS certificate from salary.


Please guide to me after that i will suggest to him.

Thanks

Dear experts,
we have 2 excise registration, one as dealer and other for manufacturing. We are engaged in both activities. we files the separate return as per excise reg no.we have the SAP system installed wherein we have kept the separate plants for trading and manufacturing. need less to say we donot take the input credit of input for purchases in trading plant and do not charges the duty on sales.
all the excise related ledger accounts e.g. input credit a/c, excise duty payable a/c, maintained relates to manufacturing activities.
Whether we need to reverse the cenvat credit for trading activity carried on ?

WHAT IS THE RATE OF INTEREST FOR TDS LATE PAYMENT???

Dear All, pls solve my following issue - 1. I am registered under service tax voluntarily I.e. my value of gross services do not exceed 10 lacs... still I got the regn. my question is - a. do I have to wait till my services cross 10 lacs and then charge serve tax or shall I start charging service tax from the day I got regn? b. if my services go below 10 lacs in next year do I surrender serv tax regn? or shall I keep it on by filing nil returns and wait till my value go beyond 10 lacs? pls clarify

Hello,
i have submitted ST-3 late so department is imposing penalty as per Rule 7C..which is coming maximum Rs.20,000/-..but for that period service tax liability was only Rs.8,000/-. Now, i want to ask if there is any judgement or smthng like penalty amount can't exceeds Service tax amount

OUR ORGANIZTION IS GOVERNMENT. OUR BUSINESS RELATED TO INSURANCE AUXILIARY. WE ARE INSURANCE RELATED SERVICE PROVIDER. SO, WE TAKE THE SERVICE TAX.
IN THE MONTH OF FEB-2014 WE RECEIVE THE SERVICE FROM MANY INSURANCE ORGANIZATIONS. THEREFORE WE PAID THE SERVICE TAX TO INSURANCE ORGANIZATION.
IN THE MONTH OF FEB-2014 WE PAID ST RS. 45000/- AND RECEIVE ST RS. 98000/-
NOW, I QUESTION IS THAT, CAN WE GET CENVAT CREDIT BENIFITE IN CURRUNTLY ST RETURNS?
OTHER QUIESTION IS THAT HOW AND HOW MANY I GET CENVAT CREDIT? AND HOW I DISPLAY THE DETAILS IN ST3 FORM?
PL. GIVE ME INFORMATION.

Hello Fellow CAs and ST experts,

I solicit your advice on the ST issues cited below

Q1: When a trust has renders sponsorship services to a Company, the reverse charge mechanism works as per notification 30/2012 and the service receiver, namely the company is liable to pay ST. In this scenario, is the Trust required to ensure that this obligation is met by the company?

Q2:A trust had rendered sponsorship services in India and received contribution towards the same from a Foreign Company in the form of forex converted to rupees;

In this case is the Trust liable to ST, considering the foreign company is out of the ambit of Indian ST? Or is the entire transaction out of the ambit of ST , so that the Trust also is NOT liable to pay ST?

Pls clarify

Thanks in Advance

WHether a CA needs to sign on internal audit report?

I run a NGO having PAN No. AABAP1158N. I have file ITR of the same upto 31.03.2010 and now I want to file ITR of next F.Y. 2010-11, 2011-12 and 2012-13:-
1. Can I file the return of these year.
2. Whether filing of ITR is compulsory in my
case
3. If I file the ITR now, whether there will be any penalty clause.


please guide me
thanx