A Proprietary concern provides materials and service (Works Contract) to Pvt.Ltd. companies and levies service tax at 12.36%.
The invoice amount is received and Service Tax is paid to the Dept.

My question is should service tax have been levied at 6.18%?

If Yes, since full amount (12.36%) received from the customer is paid to the dept, what happens next?

I m an Auditor for a Society which is running Educational Institutions, There is uncertainity of Incomes, as the Students wont pay their Fee as and when it is Due. Thus considering the concept of Prudence, can i suggest to Account Receipts on Cash Basis and Expenses on Accrual basis??

To get Exemption U/s.12A, entity has to apply 85% of the receipts for charitable purpose. Thus if the organisation doesn't receive real Income in cash and Accrual entry is passed for Student fee receivable, from where should it satisy the 85% condition??

Early clarification is highly appreciated. Thank you

Dear Sir,
There is an assessee who runs dance classes and also partner in a firm. From dance classes his income would be around 60000/- and from partnership firm his interest and salary are about 2 lacs and share in profit is about 25000/-.

Which itr form would be applicable.

A new Company Form Act. Year 2012-13
there is no transection took place during the year Books of account reflect loss on account of Incorporation of company.
From 1st April Company take over the running business of a partnership firm where all the share holder of the company are the partner of the said firm.
the authorised Capital of the company is 25lac and the the total capital of the partnership firm is 2cr..

whether company issue share at premium for purchese consideration since all the partner are the all ready the subscriber of the company

can article take transfer in 3rd year.If yes then on please tell me the ground on which basis article take transfer.

Can we take input on the service provider who is lying as a creditor in our books ( not yet paid the service bill)

sir

My lip premium was due on mar 13, for that i have given chq to my agent and it is cleared in my bank on apr 13

so can i take lip deduction u/s 80c ?

Dear sir,

Do we need to file FORM No. 107 supplementary deed of articles in the FORM downloaded for institute website

or

can I print the same matter in a seperate Non judicial Stamp paper?

Pls help me its urgent

How should the ESI contribution of 1.75% be shown in Form 16? A friend gets Rs 10000 pm, his employer showed his salary as 10178 pm without mentioning anything about ESI contribution, is this correct? So the income under salaries will be 12 * 10000 OR 12 * 10178 ?

Recently for Qtr 4 non-salary our company received a notice stating that interest is required to be paid and had calculated interest upto May'13. But the company had paid tax alongwith interest on 27.04.13 and filed the return by 9th of May'13. The difference between them and ours is of only 1 month. it means we had paid correct interest. We approached the commissioner having jurisdiction of our company showing each and every document of interest paid, the commissioner in response said that they do not have any right for rectification and we will have to approach people from where the demand notice generated i.e. Gurgaon. Sir we are located in Mumbai and having no fault, for such thing have to go Gurgaon. Action taken by co. had called the customer care but it seems the lines are very busy even after waiting for half an hour in line our calls are disconnected and lastly mailed the same explanation to the email id:contactus@tdscpc.gov.in, but till yet received no reply.
What to do??????????