In what capacity PAN will be applied for a Petrol Pump run by the Police Departmnet? What will be the position of tax liability under Income Tax Act?
I have registered for IPCC through conversion scheme of direct entry Dt.16.08.2012 from PE-II to IPCC. I have also started my articleship before 30 sept-2012 but not yet completed my ITT so in this situtation am I eligible to appear for Nov-2013 IPCC examination ?
HELLO I AM HOLDING FULL TIME CERTIFICATE OF PRACTICE. IS IT POSSIBLE TO DO POST GRATUATION COURSE (M-COM)ON REGULAR BASIS WITH COP
My query is how to account a purchase entry and sales entry in tally for a trading company.
For eg. purchase 1000+50(5%tax)=1050/= a tax invoice. please clarify below mentioned flow is right or wrong.If wrong please explain the correct entry.
1.put entry of stock inward shwon as stock journal.
2.then pass a purchased-tax invoice under journal ie.purchase Dr 1000
ot@5% 50
To ABC 1050
(being xxx purchased)
Now we are selling this product to our client. then I pass the below entries
1.entry for stock outward shown as stock journal.
2.pass a sales under journal ie.
xyz Dr 1155
To Sales 1100
To it@ 5% 55
(being xxx sold to xyz)
is this is right way of accounting in tally?
How to Register Service Tax and How to Make a payment for that? Can you explain me brief?
I have a query regarding valuation of plants as closing stock. One of our client has replication project of banana plants but we are facing problem regarding valuation of closing stock because standard is silent in this issue, so please clarify that it will cost or market value (whichever is lower) or as per management valuation.
Please tell me the A.O. code and Ward for private salaried person in bhopal for income tax purpose.
Is there any disallowance, if tds is not deducted on advances
Dear All
we Purchase Raw Material for R&D Purpose. Pls advice we have claim set-off input vat from output vat
Pls advice ?
Regards
Praveen
Dear Sir/Madam
I want to know how to show amount deposited by Service Receiver under Reverse Charge mechanism in Service Tax Return of Service Provider. Is should be Shown as Exempted Service for amount of ST deposited by Service Receiver or not ?
(If Gross Value is Rs. 1000 and ST is Rs. 123.60 under Works Contract Service Provider Liab. Rs. 61.80 and Service Provider Liab. is Rs. 61.80, how to show this amount in ST3 Return ?)
Police welfare petrol pump