We are a service provider registered under Business Auxilliary Services. We are receiving services from a foreign consltant not having a regular place of business in India and thus we are discharging service tax liability on his behalf and taking taking credit of the same.Similarly, we are also discharging GTA liability for transportation charges paid by us.

Do we need to obtain seperate registrations for these three services and file seperate returns therefor?

Would you please solve this question?

From the particulars given below, prepare the Balance Sheet of X Ltd. on 31st March, 2005.
Particular Rs.
Annual Sales 4,00,000
Sales to net worth 4 times
Current liabilities to net worth 50%
Total debts to net worth 80%
Current Ratio 2.2 times
Average collection period 40 days
Fixed assets to net worth 70%.
Assume that all sales are made on credit.

can anyone provide the new form no.704 in excel format. our E Mail id mandarpai288@yahoo.co.in,rdshenvi@rediffmail.com,shri7865@gmail.com. Its really "URGENT".................................

I have come across a problem. A sole proprietorship is converted into a company. after that all income and expenses are booked in the name of the company. But the company forgot to intimate it to their clients and they continued making payments in proprietor's name. Actually the income is booked in the name of the company. But the problem came when the client issued TDS certificates in the name of proprietor. They are not willing to change it.

Since the proprietor has no income since all income is booked can he claim refund for the tax deducted in his name.

My question is that can I claim refund for that amount with out showing the income in Proprietor's account since the income has been already booked by the company.

can he claim refund for the tax deducted since certificate is issued in the name of proprietor and not the company

Tax deducted at source has not been shown as an asset for the company since the certificate has been issued in the name of that proprietor

the proprietor is the managing director of the company cum major shareholder of the company

The payment was made in the name of the proprietor by cheque and cheque has been credited in his personal account

the problem is that the expenses are booked in the name of the company that is why the income cannot be claimed in the name of proprietor.

That is the issue

What is the procedure for issue of "C" form for E i & E II Transaction?

Example:

I in WB purchased goods from X and the party gives the invoice without charging CST. But this material directly delivered by Y from Delhi to WB by charging Excise, CST etc. Here i have to give "C" form to X but whose invoice details i have to furnish in "C" Form. If i have to give the detials of invoice of X there is no CST charged in it.

Kindly Clarify. Also plz. clarify whether i have to receive E i from X....

Regards,

Vijay Modi

WHAT IS THE PROCEDURE FOR FILING INCOME TAX RETURN AFTER DUE DATE OF INDIVIDUAL

Dear experts,
In open ended scheme the no of units will always fluctuates.
When there is channg in no there may be change in unit value(NAV etc.)

Then is it not effect the already existing unit holders(their worth)?

Let me know the background system behind this.

IF A IS HAVING INCOME TAX LIABILITIES OF RS.35000/ FOR FINANCIAL YEAR 2007-08 & HE HAS NOT FILED I.TAX RETURN ON DUE DATE 31.7.2008 WHAT WILL BE FINE /INTEREST IF HE FILE THE SAME TODAY 15.11.2008 NO TDS & NO ADV.TAX PAID

which standards have been recently amended...
what are the accounting standards applicable for May 2009 attempt Ca (final)

which standards have been recently amended...
what are the accounting standards applicable for May 2009 attempt Ca (final)