hi i received exemption in icwai final exam in dec'12 in cost audit(71 Marks) but in exam form i haven't fill exemption and carry forward detail for june'13....can i still claim exemption ...if yes how...exam is in 4 day....pls advise ASAP....

for the owner, ONlY the cost of CURRENT REPAIR can be claimed u/s 30 and 31.. but for the tenant its mentioned that 'COST OF REPAIRS' can be claimed (current or not isn't specified).. so does it mean that the arrears of repairs of earlier years can be claimed by the TENANT under this section?

A partnership firm (XYZ co.) registered as dealer (FSD/SSD) engaged in business of trading in Iron Ore Fines. It receives transportation service from various transport companies to transport the fines from the supplier(say A Ltd.) to the customer of the firm( say B Ltd.) directly and the transporter raise the transportation bill in the name of the firm (XYZ co) indicating therein that service tax liability will be on the consignee of the goods. The query is that who would be liable to pay service tax, firm(XYZ co.)or the customer of the firm (B Ltd.).

If the answer to the question is XYZ co. ,is it possible for the firm to shift the ST liability to its customer (B Ltd.) as XYZ co. is only a dealer.

Sir;
I am preparing projected balance sheet for three years with the help of CMA data. My production should be start from 1st june'13. i want to know that material consumption & monthly expenses should be calculate for 10 month or 12 month.

Dear Sir / Madam

Can any one please help me in knowing different accounting entries related to Cenvat Accounting under different situations.

Thanks

Mansi

AS PER SEC.194-I, ANY PERSON NOT BEING AN INDIVIDUAL OR HUF SHOULD DEDUCT TAX WHILE PAYING RENT. SO AN INDIVIDUAL PAYING RENT TO ANOTHER INDIVIDUAL NEED NOT DEDUCT TAX AT SOURCE. SUPPOSE I AM PAYING RENT OF RS.30,000/MONTH FOR A RESIDENTIAL HOUSE TO MY HOUSE OWNER.AM I CORRECT IN SAYING THAT I NEED NOT DEDUCT TAX AT SOURCE BECAUSE I AM AN INDIVIDUAL? INSPITE OF THE FACT THAT THE RENT EXCEEDS THE LIMIT OF RS.180000/-.EXPERTS PLS. ADVICE ME ON THIS.HOWEVER IF I AM TO DEDUCT TAX WHAT IS THE PRESENT RATE AND WHEN IT SOULD BE DEPOSITED?

An Indian Company 'A' is receiving technical services from a company "B" in Mauritius. The Mauritius company has no permanent establishment in India. Keeping in view the DTAA, whether TDS need to be deducted on fee remitted for technical services provided by company 'B' ?? kindly provide reference of prvisions of Act or decisions of courts (if any) in support.

Thanks

Dear sir its very urgent.
I have join a small firm. The firm hasn't keep the books of accounts. So I had prepared the chart of accounts. Now I have a doubt. How to account the Fixed assets. There are number of Fixed assets like Furniture, computers, Fixtures and so on. assets are purchased on different months and different years, some of them have no purchase bills.
So how can I prepare the fixed assets ledger and old depreciation.
OR
Depreciation start with current year accounts with original cost (Purchase price)
Thanks in advance.

in case of expenditure incurred in replacing petrol engines fitted in jeeps (used for business purpose) with diesel engines in view of the old and defective condition of the existing engines and the price variation in petrol as compared to diesel... is it a capital expenditure or a revenue expenditure?

Sir I have started my business from Apr 2013 and we are providing security guards to our client. We are claiming service tax from our client @ 3.09%. Now we want to deposit the claimed service tax to govt, I want to confirm that under what head I have to deposit the ST. Suppose we are claiming 5000.00 ST, then how much % education cess we have to deposit.
Thanks

Sunil Yadav