As per contracts mobilisation advance was to be paid to contractor and same was to be recoverd from the bills @10%. Ther Service Tax was to be reimbursed to contractor as per actual and submission of service tax receipt chalan.

The contractor had requested for mobilisation advance after 5 months from the start of work. Till date contractor had raised 5 bills and bill was psssed. From 1st bill to 5th bill , service tax was calculated on the gross amount of bill and same was reimbursed to Contractor on submission of Service Tax challan.

The contractor had requested for mobilisation advance after 6 months in 6th bill and same was paid to contractor after deducting TDS only.
Further in 7th Bill, department has deducted mobilisation advance @10% of this bill and allreay paid paid amount in 1 to 6 bill.

The cotractor has now submitted the service tax challan of mobilisation advance and requested for reimbursement.
Please provide your view in this regard

WHEN AN INDIVIDUAL IS HAVING TWO FIRMS OF SAME NATURE AND BOTH FIRMS ARE IN AUDIT SO I WANT TO KNOW THAT WHETHER A SINGLE TAX AUDIT REPORT WILL BE PREPARED OR SEPARATE REPORT WILL BE PREPARED FOR THE FIRMS.

Dear Experts,
A chartered Accountant is having sole proprietorship concern. XYZ & Co., Proprietor X.
Does he need to take Digital Signature in Individual name or the proprietorship company's name for uploading 3CD etc.
Thanks

I am Pratik.
I am
B com Student. I have Better Knowledge of Account & Some of Electrical Work.

My Query is I wanted to form A organisation which providing electrical Services Such As Wiring & setting House electrical devices On small Scale by taking my friends as Partner.


I have Knowledge of Accounting & Administrating in Mind But that's Not Physicals.
I Never Know How I will charge service tax From My Customer & how I will pay it to Govt. Will Vat Applicable For Providing Service.



Please Give Procedure For Forming My Organisation (All Registration Procedure ETC).


Please Send Me All detail On My Mail

Pratik091@hotmail.com

THanking You

I read in a book that from the total money a bank receives as deposits, it keeps a portion of it as cash or bank balance... BANK BALANCE? so do commercial banks have accounts in other commercial banks or in RBI or both ?

sir i have lost my user id and password created on "aces.gov.in" website.also i am not able to remember the security question i have put while making my user id and password.
how can i get a new user id and password for service tax purpose?

Dear Sir,
My client has deposited tds challan on 31 May for the first quarter of fy 2013-14. And we filed the tds return after cheking the status of challan at CSI file of TIN.

After some time trace processed that return and made that challan as unmatched. I carefully examined the challan and found that assessee has quoted the AY 2012-13 on that challan. Whether the Wrong AY can be the reason for challan unmatched status.

Now advise me what is the remedy for the correction AY in that challan.

Whether the bank still can correct the AY in challan as the seven day time after depositing the challan have passed

or

We have to move application to ITO TDS Ward for challan correction

Or

We have to move application to ITO Assessment for challan correction

or

We have to write to TRACE for challan correction.

Please clarify.

how to study cost fm for nov attempt...my cost fm is weak...

Dear Sir/Mam,
IS any exp.incurred is of rs.21,000/-and payment is done through staff imprest.i.e. chq.given to staff in staff name for payment of party.
Afterwards,payment is done by staff in cash to party of 21,000/-then,this exp.is allowed or not under income tax act 1956?

i am about to send my articleship form to the institute.is it necessary to get registered for final first and then send the articleship form or my form will be accepted even if i have not registered yet for ca final?