Respected Sir/Madam,

Our client was already registered under Works Contract Service and then he amended for Erection, Installation and Commissioning. Now for year ending 31.03.2013 all payments for Service Tax were made under Works Contract Service. Now whether return should be uploaded under Erection, Installation and Commissioning or Works Contract Service.

Please Reply

sir,
i passed my ipcc group-1 in november 2012 and i joined articles in march 2013 and i completed my group-2 in may 2013 .So my doubt is when will i get my final attempt and when i have to pay final registration fees and is there any last date for final registration ?

DEAR SIR,

WE HAVE ONLY RENTAL INCOME IN OUR COMPANY AND NO BUSINESS INCOME. I WANT TO KNOW WHETHER WE CAN ADJUST THE RENTAL INCOME WHILE CALCULAT MAT.


THANKS

My client is a pvt. Ltd. co, which has got more than 200 employees working in the company as basic labourers and has 15 administrative staff, which team looks after accounts, payment to these labourers, its PF Bonus matter etc., The Co. is reqd. to pay bonus under the bonus act, which the co. is paying @ 20% to the admin staff and @8.33% to other labourers as reqd. by the law, consistently for the last several years, The matter being this, recently the labour officer has objected to this practice of the company and stated that every labour or admin staff is to be reqd. to be paid the bonus at the same rate i.e. either to pay everybody at 8.33% or 20% and not vary this percentage.
So, now the co. wants to pay everybody @8.33% p.a. as bonus. Further, it also wants to pay some extra amounts to its admin employees as they are not willing to reduction in the amount paid to them. So My questions are
1) Can the company pay such extra amount as Exgratia
2) Whether such amounts paid as exgratia is allowed under the Bonus Act.
3) Or else there is any other way out.

In the case of an Individual to whom tax audit is applicable :
A petty expense of Rs.250 for payment to sweeper (in cash) is recorded on payment basis.Hence expense of last year march was recorded in current year. However, all other expenses were recorded on mercantile system.
Is such a system of following partial cash and partial mercantile system allowed?
Also, what should be done for Exp of current year march month?

Many PSU's are recruiting for the finance & accounts post if any of my friends cleared any such exam kindly advice how to prepare and which books(publisher's name) to purchase for studing for such exam?

If I issue a cheque to a party and on the same day or say next day ask the bank to stop the payment, than will this transaction get reflected in my bank statement ?

in reversal of impairment loss why we first allocate to Identifiable asset and balance if any will be allocated to goodwill?
And when we record impairment loss than it is first charged to goodwill and then identifiable asset?? give me answer with logic and reason i want to understand.

Dear Expert ,
I have received demand of Rs. 7290.00. On receiving of this demand I compared it with Computation then I found that depreciation deduction under section 32 1 (ii) was disallowed .

I could not get why the IT department has disallowed the same.


Some points are as follows.

1) our company is getting losses for last two year excepting this year in which demand raised.
2)this losses are being carried forward and set off with profit as and when profit arises
3)same f.y. we had also paid mat

however IT has raised demand ,
I could not understand what the reason behind for such demand.
Please let me know with example

whether institute / mca authority keep record of number of statutory audit done by a practising chartered accountant ? please give full detail answer