Dear All,

I RECEIVED NOTICE FROM TRACES REGARDING INTEREST PAYABLE ON LATE PAYMENT NOW I WANT TO PAID INTEREST AMOUNT AS PER NOTICE BUT I AM CONFUSED AT THE TIME OF ONLINE PAYMENT THERE IS TWO OPTION IN FORM TYPE OF PAYMENT a)Regular Payment(200) b)Regular Assessment(400)
Which option i have to select at the time of payment.
CAN I CONSIDER THIS NOTICE IS OUR REGULAR ASSESMENT..?

Thanking You..!!

as a manufacturer can we take cenvat credit on inward transportation after taking abatement also.???
Exp: Inward Transportation Rs.50000
S.T.: 50000*25%*12.36% = 1545
can we take Rs.1545 as cenvat credit and adjust with excise payable.??

I have paid my tax last year for ay 2012-13 and have received a refund from the it department. Yesterday I recd the following SMS from them
Dear tax payer, you do not appear to have filed your IT returns . Please login to incometaxindiaefiling.gov.in and submit details under Compiance.

I also received an email to this effect.
What should I do? Pls advise at the earliest.

Can anyone suggest me what are the advantages or disadvantages of taking COP. And I am an employee in a ca firm but my future plan is to go in a corporate sector. So will it be worthful to take COP?

Experts pls suggest!!!! Institutes for acca in chennai or faculties for acca

Dear Expert,

We are providing event management services for which we billed to our client for our services and includes expenses done for providing services as pure agent. Now we want to know whether reimbursement expenses charged by us in invoice will come in income side or not. whether total bill including reimbursement charges will be calculated as our turnover for Tax Audit.

Eg. Reimbursement charges 9,00,000/- and our commission 1,00,000/- Total bill 10,00,000/- Whether 9,00,000/- recovered has to shoe in income side and whether 10,00,000/- total amount to be count for tax audit or 1,00,000/- only

can any one explain the concept of reverse service tax ...

KEC is proprietorship concern supply manpower to DPS Ltd. HCC is also a proprietorship concern supply manpower to KEC. During January - 2014 HCC raise a bill to KEC of Rs.12,37,080 including service Tax of Rs.37,080. In the same month KEC raise a bill to DPS Ltd. of Rs.15,46,350 including service tax of Rs.46,350.

What is the service tax liability of KEC in the month of January - 2014.

as per section 23: GAV is the higher of (1)ALV and (2) actual rent RECEIVED OR RECEIVABLE during the year. How should we interpret 'Received or Receivable'? Does it mean (1) Earlier of receipt of accrual? (2) accrual basis or receipt basis depending on method of accounting followed by the assessee? (3) or rent pertaining to the relevant previous year , whether received or receivable? Example: If my rent income is Rs. 10 per month and I receive Rs. 180 during PY 13-14 which includes Rs. 60 advance for PY 14-15. How much rent should be included in GAV for PY 13-14? Rs. 120 OR Rs. 180?

when one time placement fee is received from client...in which head of account is this taken