Sir i have doubt, what is the logic behind considering direct cost to calculate gross profit and at what situation considering of direct cost is irrelevant..

Sir i have doubt, what is the logic behind considering direct cost to calculate gross profit and at what situation considering of direct cost is irrelevant..

Dear sir,
Is it compulsory to file Entry Tax return to every vat/cst registered dealer, and also if there is nil return so its require to pay late fees also ?

Dear Friends,

I have prepared form 1 with MoA & AoA subscriber clause dated 16th.

But the MCA portal says:

''Ensure that the Memorandum and Article is dated on a date after the date of stamping.''

As it is, I have not paid stamp duty as of yet on today the 17th since the eform has not yet been filed.

SO, do i need to change the date given in MoA & AoA.?

if yes, what date should i give?

Also, please suggest the necessary key points for e filing of the form 1, 18 & 32.

Sir i have following query.:
Say if payment made to contractor is as follows:
Ist payment 10000
2nd payment 30000
3rd payment 10000
Nw it is confirmed dat on 2nd payment tds will be deducted.. But since total payment during the year doesnot exceed 75000, thn wud tds be deducted on 3rd payment??
Looking forward to the reply asap...

Hi,
My boss has made a payment to someone from his personal account instead of the company account. How should i reimburse the same amount to my boss. The bill is in the company name. Please reply ASAP.

Please tell the accounting entries for the same.


Thanks in advance

Respected sir, can u plz tell me why the handicapped child income is not taxable in the hands of the parents.
next in wealth tax for the valuation of house property if deposit is received from the tenant interest @ 15% is charged what is the reason to cahrge interest only @ 15% plz tell me , thanks

Respected Sir, Im Supratim Ghosh from kolkata. I have a problem regarding following question. I want to know the right journal entry and the process of diminishing balance method

Q) A company bought machinery for Rs. 10000 and depreciation rate is 10%.. Financial year is 1st Jan. to 31st Dec. Above same machinery has been sold at Rs. 5000 on 31st march 2011. This machinery was purchased on 1 Jan. 2010. Depreciation rate is 10% and it is charged with diminishing balance method.
Sir pl give me the ans as soon as possible
Regards Supratim Ghosh

A RWA collects rs 2000 per month from all falt owners in the society and rs 5000 per year. Total flat in the society 150.
collection approx 43.50 lacs.
If service tax exemption is applicable to this RWA. As earlier rs/ 3000 per month was exempt under a notification of 2007.
But now all service are taxable except negative list or srevice covered in mega exemption. can anyone clarify if it covers under negative list or mega exemption. or previous exemption notifiction is still applicable.

IF I AM A COMPOSITION DEALER FOR F.Y 2012-2013 & MY TURNOVER IS ABOVE 50 LAKHS IN THAT CASE WHEATHER I WILL AUTOMOTICALLY GET CONVERTED INTO NORMAL DEALER OR I WILL HAVE TO MAKE AN APPLICATION FOR THAT?? RPLY ME SOON