HI... This is Karun, Nwe user here.
I just want to know that if we are deducting TDS for Professional Charges from any Party's payment, how could we get that whether the party is coming undr the surcharge slab or not............

for example.....
ABC co. deducting TDS from the Professional Services provided by YZ & Co., a firm..... & now i dont know whether TDS cut should be 10.30% (without surcharge) or 11.33% (with surcharge).

Can somebody please explain to me wat is a Deferred tax asset/liability??

Hi Friends,
My client is a civil contractor and providing services of commercial contracts. As per the rules, he can claim abatement of 67% of the value of contract. My query is, whether he can claim CENVAT credit of input services e.g. telephone and audit fees if he claims abatement also.

My client have 2 shops, one in Individual capacity & another in HUF Capacity, dealing in kirana items on retail basis. during survey it is found that there is excess stock of Rs. 40 lacs in one shop whereas less stock of Rs. 35 lacs in another shop. I.T.O. propose additions in income in both the shops. What stand should I take?

As per rule 6(7B) of service tax rules 1994 amended by notification no. 19/2008 st dated 10.05.2008 service tax on forex will be charged @ 0.25% on amount of dollars exchanged(suppose) but the banks and other dealers are charging a transaction fees on which they are charging service tax @ 12.36% what is the correct procedure?

IF A CLIENT/ DEALER HE IS DEALING IN THE MANUFACTURING OF SIGN BOARDS AND IS A REGISTERED DEALER. I JUST WANTED TO KNOW WHAT PERCENTAGE OF VAT HE SHOULD APPLY (4 % OR 12.5 %) WHEN HE MANUFACTURERS & SELLS THIS GOODS.
NATURE OF BUSINESS ON THE CERTIFICATE OF REGISTRATION ARE AS FOLLOWS:- RESELLER, MANUFACTURER, RETAILER, WORKS CONTRACTOR.

OUT OF WHICH HE ONLY TAKES ORDERS OF MANUFACTURING & SELLS IT TO THAT PARTICULAR CLIENT.

PLEASE ANSWER ASAP.

THANKS & REGARDS

Dear Sir,

I want to Start New Business in Accounting & Taxation. I am Graduate in Commerce & Pass CA Inter. I have already worked as a Sr. Accountant in Co. upto 4 years. May be Possible or what is the procedure to start the business?

Hello,

I have a few questions pertaining to th subject of auditing,

1. Is there any change in the syllabus of CA Final for the new syallabus from Nov 09

2. Which is the best Text book for audit, are the study materials enough?

3. What is the distribution of marks for the audit paper ie Marks alloted for professional ethics, Accounting standards and other topics

Thanks and best regards
Mukesh Kevlya

Hi,
If i purchase any asset and make payment exceeding Rs. 20000 in cash then will it be allowed as deduction u/s. 40A(3). For instance, if i purchase computer for Rs. 30000 and paid full amount in cash, then will it be allowed.
If possible also give reference of any circular or judgement.

send a mail on mehul7285@gmail.com

Thanks in advance.

I have found that my client's advertising Agency does'nt charge service tax for advertisement given on News papers.instead of that,Ad agency share the service tax charged to them by news paper agency with our client(charges to our client)this is done becoz they also share discount given by News paper agency.
accordingly our client calculates TDS exclusive of this Service tax.
is this practice legitimate?
if not what wrong in this practice?