if a mobile is purchased of rs.1500 and is recorded as expense by co. Is this treatement correct or it must be recorded as f.a.

Dear Experts,

My clients is running a hotel (in the name of a pvt ltd company) having 20 rooms, bar and restaurant.

He is availing the abatement and paying Service tax @ 4.944% (40%). Now can he avail the Input Credit on Telephone bills, advertisements. Please clarify?

Good Morning Experts,
Today i read in Tda Tax India Site that "Dont's Deposit Penalty for Late Submission of TDS return before reading below circular". But Sir in Simple Tax India Site i read that this benefit only for Govt. Deductor. Sir please clear my doubt that
Circular No. 07/2014 only for Govt. Deductor or For all deductor.
Thanks
Rajiv

I had a general query.
Cam anyone would please tell me what was the exact tds provision for deduction and payment point in case of TDS booked on provision figures.

For Eg. if provision for rent expenses was done on monthly basis and tds was also booked on monthly basis but the same should was paid to department on 6 month basis, when the rent was actually paid on the basis of invoice or debit note received.
Is this treatment correct??

Hoping for a positive revert.

Thanks And regards
Pragya Gupta

hi..i am applying for my articleship in various mid size firms in mumbai..my areas of interest mainly are maths,finance and accounts...what kind of specialisation should i choose for if given an option ( eg . audit,tax etc)..
aspire to do some kind of business related to finance in future..preferably would like to work in all areas..

thanks in advance

Hi All..
Can any one tell me whether companies act, 2013 is applicable for November 2014 ca final exams or not?

Only 2 months are left for IPCC exams, as now I don't have much time so I decided to b focused on 1st group now but still I am giving the exams of both the group so I have to just have a glance on group 2 subjects so can any suggest me that from where should i study audit

Whether a partnership firm [registered in UK] is a ‘firm’ under Section 2(23) of the 1961 Act or is it an association of persons ?

Respected Experts,
Kindly give your opinion upon a case below.
If a Assessee, who is engaged in a trading business of Paints and Sanitary goods and he use to purchase goods from outside State as per WEST BENGAL VALUE ADDED TAX & CENTRAL SALES TAX ACT accordingly.
His turnover is below or near about Rs.45 Lakhs during the A.Y.2013-2014 and his net profit is more than 8%, so no question of Tax Audit arises and while filing his Income Tax Return he claim deduction u/s 80c and u/s 24(b), can he file his Income Tax Return u/s 44AD as his nature of business is resaler.
As during the time of Asseessment proceeding an AO compel to produce Books Of Account notwithstanding that Return was filed u/s 44AD.

Dear Experts,
Please give your opinion upon a matter.

1) What is Form - "F".
2) How issue Form - "F" to whom.
3) Is it issued online by assessee or by Concern department.
4) Reason of issue of Form - F.