Dear Sir / Madam,

In case Service Tax delay payment,
What is the Calculation of Interest & Penalty
Plz Clarify with Example ?

m jst completed my graduatin....how i ll start my perpratn...i ll give both groups of ipcc in may....which subject should i strt firstly?????
plzz help meee

As per service tax rules service tax liability accrues on which date? when a services is rendered and no invoice is made within 14 days of completion of service and no payment is received.
If answer is on the date of rendering of service then we have to pay service tax to the gov. without receiving it from client.
Afterwords if we cant recover any amount from client then what to do??

Is attending CPE hours is compulsory? what happened if not attended?

dear sir

give me a suggestion that : i have to enter electric bill from 1.03.2013 to 2.04.2013 having Rs. 8500.00 due as on 8.04.2013 i have to pass two entries

iN F.Y 2012-2013
Electricity expense
Prepaid Electricity exp

Electricity expenses payable

In F.y 2013-2014
Electricity expenses A/c
to Prepaid Electricity expense ?

or In expenses taken as provision fully in f.y 2012-2013 as
Electricity expense A/c Rs.8500
Electricity expenses payable 8500.00

Dear team,

A Company paid MAT during FY 2012-13 regarding Mat for the year 2010-11 based on reminder demand notice received during FY 2012-13 along with 234 A,B,C Interest, my doubt is whether Mat paid in excess of Income tax exclusive of cess, surcharge and interest can be can be carried forwarded for successive 10 assessment years since the company paid tax along with 234A interest.

Facts are as follows...

For FY 2010-11 Income tax is nil
so company doesn't paid any tax. during the FY 2010-11 company received demand notice to pay mat along with all interest, but company doesn't paid any tax during 2011-12, again the the company got remainder notice during 2012-13 FY and paid the tax along with all interest.

Sir,

statement of Profit and Loss (Revised Schedule VI) - Revenue from Operations are more than 1 core:

My question is; (a)If Sale value of products includes; (i) Sale of products value, (ii)Excise Duty & (iii)Sales Tax(VAT/CST).

And as far as Sales tax collections & payments thereon are concerned;
In each & every month it involves 2 points;
1)Collection of sales tax shown in sale bills separately.
2)Payments will be made to the concerned department after deduction of the following;
(a)Input Tax Credit (separately accounted on all eligible purchases made)
(b)Deferred Sales Tax (eligibility awarded by local state government)

Then how to disclose the following in statement of profit and loss & in its notes;
1) sale of products value - Gross/Net ?
2) sales tax collections made
3) Input tax credit
4) sales tax payments made
Thanks,
Koteswara Rao

Is there any type of Tax on Sale of Ancestral Agricultural Land in Rural Area

What according to Income Tax is a Rural Area Definition as far as sale of Agricultural land is concerned ???


Thank you very much in Advance

sir,
is there any due date within which one has to update his articleship working diary
is it really mandatory to update/maintain working diary?
pls help me out

sir i have registered with board as on 30/09/2012 now i'm taking transfer to other firm & i have obtained the consent from my principal in form 109,please tell me the procedure for transfer