we are finalising balance sheet of a private limited company which is incorporated in January 2012. We have prepared revised sch VI for 15 months as on 31.03.2013.
Whether we have to prepare two balance sheets for tax audit purpose i.e. from Jan 12 to Mar 12 and from 1.4.12 to 31.03.13.
Whether we are required to give tax audit report in form no 3CA or 3CB as the period of balance sheet is different under co act and under IT act.
What heading we should give for previous year column?

Dear Experts,

Please Suugest me Best Book for CA Final - Indirect tax.

I want to do Comprehensive study as i like the subject as it is my favourite one.

Please Provide me Your Valuable Suggestion.

Thank in advance.

Can any one explain me in precise ,what is meant by capital consumption

Hi all, If the Service Provider charges 12.36% st on 30% of the total amount...the effective rate of tax would come upto 3.708%. My doubt is should both the service provider and the service receiver should pay 3.708% each( under works contract reverse charge mechanism 50:50) or should it be just 50% of 3.708%? The calculation is as follows:

Total amount of invoice- 465186

Service Tax 12.36% on 30% of Total amount- Rs.17249.10

My question is what would be the amount of ST payable by the service receiver under reverse charge mechanism?

Thankyou

I have purchase inteerstate without C Form & he Charge higher rate, Can I Take input of that Higher rate

Can I get myself registered under my father?

As per section 194C:
MONETARY LIMIT: RS. 30000/- OR 75000/-

TDS shall be necessary in following cases –

If the amount (i.e. single sum) credited or paid to the account of the payee, exceeds Rs.30000/- or

If aggregate of the amounts credit or paid to the payee during the financial year exceeds Rs.75000/-

My query is......
what if one of the payments to contractor exceeds Rs. 30000/- but payment during the year is less than Rs. 75000/-. Whether TDS to be deducted on only one payment where it is exceeding Rs.30000/- or all the payments made.

Can anyone help me in knowing when I'll be eligible for final examination.I got registered my articleship on 16/08/2012,I have cleared CPT and both groups of IPCC.Whether I'm eligible after 2yrs or 2 and half years after completion of articleship.

i have seen in a excel file where a message is displayed above formula bar

Security Warning : Macros have been disabled Options

when we have to click on options to active macros

how can i bring the above message in normal excel file ?
because "spellnumber" formula does work in the above file where the security warning message is shown


please guide

Sir, I want to know about exemption procedure... Like if I don't give one of the exam of ipcc group I .. Is there any scope of availing exemption in others if I get 60 above in any other exam of group I itself..!! ?
Pls reply