Hello Everyone

Can anyone help me out that is there any prescribed format to sign a sales invoice as an authorized signatory or either a simple letter will do.
Or can a authorized signatory sign on top of the invoice.

Please let me know at the earliest.

Thanks

What r Variable Overheads ?
How r they treated in cost sheets?

Waht is meant by prima facie?

Let us considered the example:

Suppose an Assessee has a Long term capital gain on sale of shares say Rs. 2,00,000/- during the current previous year and assume all the conditions laid under section 10(38) was satisfied. Hence it is fully exempted u/s 10(38). However, he has a Short term capital loss on sale of shares Say Rs. 50,000 during the current previous.

QUERY:
1. Whether the Short term capital loss should set off aginst Rs. 2,00,000 on LTCG and Remaining Rs. 1,50,000 was eligi ble for exemption u/s 10(38) OR
2. LTCG of Rs. 2,00,000 was fully eligible for exemption u/s 10(38) and STCL on sale of shares of Rs. 50,000 can be carry forward to next A.Y.
(In that the 2 option is benefit to Assessee)

hii frnds,
i hv a doubt regarding tax on intra gain. hw is INTRA DAY GAIN taxed???? IS it charged at 10% (ie same as SHORT TERM CAP GAIN) or is it included in total income excluding short term and long term gain and then accordingly rates r applied????

awaiting 4 ur early reply..

Regards

Sangita

A company having turnover of more than 40 Lacs (44 AB Audit) and having business loss not filed the IT return.

Is there any provision to file the loss return late and if so what is the amount of penalty

A company having turnover of more than 40 Lacs (44 AB Audit) and having business loss not filed the IT return.

Is there any provision to file the loss return late and if so what is the amount of penalty

I got a tender from a government authority for printing form

For above tender, some of the work i get done from job worker so now i have to deduct TDS on payment to Job workers and at what rate....

Whether is contract or sub contract. It may be cover under subcontract as we get a contract to complete some work and we get part of this work done from other contractor so it is sub contract.

As in direct contract case we have deduct TDS eventhough we are not require to do audit in preceeding financial year but in sub contract case if we not require to do audit in preceeding f.y then we are not require to deduct TDS so new business is not require deduct.

This is my first year of business....

Dear Sir,

Suppose an NRI earns abroad and convert into IRS transfer to his bank a/c in India.

And the same amount is deposited fixed deposit.

Is there any consequences?.

Regards,
K Sivasankar

Pls. tell me whether vat is applicable on rent on machinery & if yes what is the percentage? Whether we can take input credit or set-off on that. Pls tell me why vat is charged on rent on machinery. u/s which section or rule of vat it comes.

Also, service tax is applicable for the same under Section 65, Clause 105, Sub Clause zzzzj.[Ref.:Services for use of tangible goods (Section 65 clause (zzzzj)): Services provided to any person, by any other person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of possession and effective control of such machinery, equipment and appliances]

Clarify whether both taxes are applicable on same product. If yes, what shall be the invoice format?