I want to know, how to calculate the service tax amount, if it is included within the received payment. e.g.- Suppose I receive a payment of Rs 10000/- inclusive of 3.09% SERVICE TAX, how do I calculate the service tax amount? Pls help Thnx Gurvinder
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I have shown 158 days of leave in my articleship completion form 108.
I have seen many people calculating maximum leave permissible for 3 years articleship period as 156 days here on CCI forums.
Will I have to register for supplementary articles for (158-156)= 2 days ?!
Some more facts:
My articleship period is 3 years in total and the no. of days worked by me comes to 945 days excluding leave taken.
It would be appreciable if someone who was in a close enough situation like mine would reply as to what happened with them.
Thanks
Dear sir,
If Mr.A has received 1 cr. as a gift from his father (HUF Karta) on his marriage occasion 3 yrs ago. Now his father died. now Mr. A received that amount. If it exemption sec 10(2), what is are documentation we have to show that amount as a gift.
And we can directly invest that amount in a business.
Respected Experts,
Where do we disclose the Remuneration paid to Directors in revised schedule VI ? Should the same be classified SEPARATELY under Salaries (Employee Benefits Expense)?
Another query I have is
Whether remuneration paid to directors is liable to be shown in related party transactions disclosure as per AS 18 ?
Is modification charges paid to DC(delip chabra a proffessional in modofication) is allowed to be added in the cost of asset which has a major component of cost (equal to the cost of orignal asset) ?
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HOW CAN I SET PROVISION FOR INCOME TAX FIGURE IN PROFIT & LOSS A/C AS WELL AS BALANCE SHEET ?
USING CALCULATOR OF INCOMETAXEFILING WEBSITE WHERE TO INPUT
ASS YEAR = 2013-14,
TAX PAYER : DOMESTIC COMPANY,
NET TAXABLE INCOME: 10066004.00
NOW TAX PAYABLE FIGURE WILL BE POPULATED : 3157980.00 (A)
OR,
BY FOLLOWING CALCULATION
NET PROFIT AS PER PROFIT & LOSS A/C : 10066004.00
ADD: DEPRECIATION AS PER CO. ACT : 12887674.00
LESS: DEPRECIATION AS PER I.T. ACT : 11141853.00
TAXABLE INCOME : 11811831.00
TAX PAYABLE : 3832348.00 (B)
WHICH FIGURE TO TAKE IS IT ‘A’ OR ‘B ‘ ???????? PLEASE GUIDE
ALSO PLEASE LET ME KNOW MARGINAL RELIEF IS APPLICABLE OR NOT IN THIS CASE ?????
BECAUSE I THINK ‘A’ FIGURE IS POPULATED AFTER TAKING MARGINAL RELIEF, PLEASE GUIDE
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