hi friends

please say me if a partner ship firm has given bank gurantee and against the bank guarntee the have kept fd as security.

Recd.amt as advance 300000.00
parnter has withdrawn the money and made fd 150000+150000=300000.00 not no firm name but on their name
please say me what entry should be passed in the partnership firm books

regards

is section 255 applicable for private ltd. companies, can all the directors of a private company be appointed as permanent directors.
can a director be named as Managing director for life in the Articles of Association
- Shivashankar

M/s ABC Pvt. Ltd. paid some amount on behalf of his group company M/s XYZ Pvt Ltd.on contractual payment and deduct tax on the amount. But my question is that the amount paid by ABC on behalf of XYZ is not the expenses of ABC. Is it right to deduct the TDS by ABC. What is treatment when XYZ reimburse the total amount to ABC. When XYZ booked his expenses then the question of TDS is alos arised but it is not an income of ABC. How can treat such transation in the both co.'s books. Is the provision of section of 269SS is attracted.

Dear Experts. One of my clients is merchant exporter. He is charged with service tax for ocean freight and clearing & forwarding charget etc. whether he can get refund of the same? whether he can ask the service provider not to charge service tax? Pls clarify.Thanks in advance.

Dear sir,

what is the last date of "C" form filling, describe it.

Like 3 quarter of 2008-09

1 what procedure for the company change into pvt.ltd company?
2 what are the form submited in mca?

Please provide me the details that is tds deducted after adding the service tax or before tds

if any cyber pvt ltd provide net service then tds should be deducted or not?

if any home made samosa making shop have high turnover should tds be deducted from them?

If any company is having ad service then only advertising tds(ie 1.03%) should be deducted or (2.06%) as contactor can be deducted

A person working in a 50 Crore Private Ltd. Auto Ancillary company receives gratuity after working for 7 years will it be taxed as per Income Tax rules? If taxed at what rate? under what section?

I am selling our finished product to one of My customers say ABC for example

Value of goods Rs.1,00,000/-
VAT @4% Rs. 4,000/-
Total invoice value Rs.1,04,000/-

Subsequently I am issuing credit note towards Trade Discount to the
customer i.e ABC as per the following

Trade Discount Rs.20,000/-
VAT @4% Rs. 800/-
Total credit Note value Rs.20,800/-

Now, I have to pay VAT on my above sales to the department as follows:-

Value of Goods (Net value after deducting Trade Discount) Rs.80,000/-
Add: VAT @4% (after adjusting VAT on Trade Discount) Rs. 3,200/-

Therefore, total tax payable to the goverment towards VAT Rs.3,200/-

Now, I would like to get clarification from you that, whether our above
transaction is correct under VAT Rules? Whether it is correct to pay vat
to the government Rs.3,200/- or I have to pay Rs.4,000/-?
Regards

V.Vasanth Babu