if an individual died on 22nd feb 09 should his income get clubbed with his legal heir and legal heir only file the income tax return .

ADVANCE TAX FOR FIRST INSTALLMENT NOT PAID IN 15.06.2009 FOR PUBLIC LIMITED CO
ANY PROCEDURE OR PENALTY FOR NON PAYMENT OF ADVANCE TAX

myself belong from baroda,and i'm c.a.final student. can i get the information regarding the total saving of capital gain tax by the company having capital gain of 52 crores.
pls reply as early as possible.

dear sir
i am a salaried person. still i have not filed my income tax return for F.Y.2007-08 (in which my net salary income is well below threshhold limt). (a) can i file that return alongwith return of current year, i.e., FY 2008-09 ? (b) will there be any penalty for late filing of return for FY 2007-08 ?
regards and thanks in advance.
anckoor

how should do composite billing for supply and installation of material and service. what are the rateof VAT and Service tax and what will be the treatment of excise paid on raw material if we are the manufacturer. both excise and service will be levied and if levied than what r the rates of the excise and service tax.

Can we pass entry like this at the time of booking the revenue:

Party a/c. Dr.
To Income a/c.
To Service tax payable a/c.

Instead of giving credit to service tax liability a/c. and then reversing it at the time of collection

Plz reply soon its urgent

My company has sold some its fixed assets during the F Y 2008 - 09. On certain assets there is a profit and on certain assets there is a loss. The sale has happened on 30.09.2008. How is to be reflected in the I.Tax computation ?

One Contractor is doing Boundary wall work for a SEZ Developer in SEZ area. The contractor is using some materials like cement,concrete etc. while executing the work. Now will this work is Contract for Service only or does it fall in Works Contract category.

Thanks

Whether company has to do acturial valuation in terms of AS 15, even though the same has been done by the LIC of India, with whom compnay has maintained post retirment fund like gratuity & Superannuation.


Matter is very urgent......Pls reply urgently..

why we do not record closing stock in the Trial Balance???