Can a company Export goods in INR instead of USD?
IF it chooses to do so what are the merits & Demerits?
And which is more preferable?

Hi...i am working for a TMC (travel management company) We do hire cars from our service providers and extend their services to our clients. In the process our service provider charges us service tax on his bill (my purchase rate) and when i bill it to my client (my selling rates) i charge service tax to my clients.

To be more simple :

ST charged by service provider - Rs. 100/-
ST charged by TMC to client - Rs. 120/-

My query is:

I pay my vendor Rs. 100/- (the service tax charged by him) and then what is the amount i need to pay the government for the tax recovered from client.

Should i pay the difference amount (120-100) Rs. 20/- as tax as the balance 100/- i have already reimbursed by vendor with.

Please advice.

I have a Private Discretionary Trust with PAN card AAATL0490K for the benefits of its member ,Pan is taken under the trust.The return should be filled as AOP in ITR 5 or Trust in ITR 7

Dear All,

A EOU for which Sec 10B applicable, pays tax under MAT. Now the question is whether company can claim export benefits under focus product scheme??

Sir,

i need to pass an accounting entry for an educational institue, where income is shown on receipt basis and fee is received in installment. i need to open the account of every student so that i will easily recognize the undue amount of student. for ex. if any student pay fees 3000, and course in which he is register is 16000 so the outstanding amount id 13000 in student account.

In case RCM is applicable, who is responsible to file service tax return.

what should be the best salary structure for 4.80 lac pa. package..
employee is residing in mumbai on a rented flat along with his brother.. but brother is paying the rent and currently drawing HRA from his organisation.. employee has no claimable deduction u/s 80C.

pls reply

Hello I got terminated from articleship on 09/07/2014 and didn't re-register till date..will it effect ca final attempt which was due in NOv 2016?? Wil it get postponed?

I entered in an agreement of purchase a house on 12/08/2013 an paid a rupees 10 lakhs on the same date as earnest money of agreement. Later on remaining money of rs 70 lakh i paid on 17/11/2013. WHAT IS MY TDS LIABILITY? WHAT IS MY INTEREST LIABILITY? FOR HOW MANY MONTHS INTEREST I HAVE TO PAY AT WHAT %? I DIDNT FILE ANY TDS RETURN YET.

AND WHAT IS THE MEANING OF THIS LINE "Tax shall be deducted at the time of payment or at the time of giving credit to the transferor, whichever is earlier".

Sir

One of our Educational Institution having gross receipts more than 1 crore but No 12 A exemption, my query is whether books of a/c,s are to be audited,in which section applicable to claim exemption and what type of audit report to be submit. Please give me clarification regarding Societies gross receipts more than 1 Crore what is the procedure to follow for filing of IT retun and concerned