I have a query on computation of CRAR for an NBFC-ND-SI !!!While taking risk adjusted figures of on balance sheet items ,the assets should simply be multiplied with their risk percentages right!!
For eg : If furniture is 250000 ,risk percentage is 20%!! It works out to 250000*20/100 =50000.Isnt this the method

Please provide the interest rate chargebale on NPA account by a bank. Is there any maximum rate, over which bank can not charge ?
Next, what is the periodicity- monthly, quarterly or annual?
Further simple interest or compunding ?
Thanks for the prompt reply.
I would like to know if the old dues are now likely to be recovered or account is settled, what is the applicable rate of interest (maximum, if any)?

In case of an Educational Institute, registered for service tax purposes, executes different educational programmes from the financial support (90%) of a Ministry of Government of India and students (10%).

Funds are received by the Ministry under grants-in-aid, and individual projects are approved based on the detailed proposal with budget submitted by the Educational Institute.

After the Registration, first proposal has now been submitted and Ministry on examinatioin has stated that service tax cannot be paid as financial support is given by the Ministry from Grants in aid and it is not a commercial transaction.
Educational Institute has stated that since it is payable by receipient of service and that it is collected for payment to Concerned Service tax authority of the GOvernment of India.

Query 1- Whether service tax is recoverable under these circumstances, if yes,
(a) whether justification of Educational Institute is sufficient.
(b)If not, what more arguments can be given so that the Ministry agrees to pay serivce tax

Query 2- If service tax is not recoverable under these circumstances, Why it should not be recovered under which section of Service tax Rules.

Dear Experts,

What is the criteria of audit of co-op hsg.soc.

If audit is applicable then which form we have to submitted in income tax dept.& for preparation of computation of income from where i will get all the information.

I need all the information regarding co-op hsg.soc. from starting to end.

Reply ASAP if possible

Regards,
Prakash Jasani

Dear Experts,

One of our client make it some furniture work in their offices.

They are deduct the tds on payment of labour chrges on account of furniture work but esic(6.5%) is not deducted.

As per my opnion esic has to be deducted but our client CFO is not agreee to deduct the esic, she is demanding the cicular from me but i don't have.

So plz.hepl me & anybody have this kind of cicular then plz.forward it to my emil id.

My email id: prakashjasani_56@rediffmail.com

Reply ASAP if possible.


Regards,
Prakash Jasani

RESPECTED SIR,

THANKS FOR PREVIOUS ANSWER BUT WHICH IS MORE BENEFICIAL IN TERMS OF CARRIER/MONEY IN PRESENT : CS OR ICWA

REGARDS

RAJIV SHARMA

Dear Sir,

We are doing mechanical works contract which taken from Government and also private.
For exp. Irrigation dame gates (like Nagarjunasagar gates), water shed gates, Canal gates and power house gates and related installation, erection and commissioning.

1. is it covered service Tax? If yes, what is the service tax liability
2. if we taken composition what about Input services

A) in the above contract taken with material
How to calculate tax liability? Can I opt composition? What about Input services?

B) if taken without material (i.e. only installation, Erection and commission)
How to calculate tax liability? Can I opt composition? What about Input services?

Thank you sir

balu

Dear Sir,

We are executing works contract following lines

A) all materials supplied by Principal contractor (party), we are doing installation, erection and commission
1) what is the service tax liability
2) can I opt composition scheme
3) if we want to Determine the transfer of property, how can I determine
The transfer of property because we are not maintain the record of purchase by Party

B) all materials supplied by Principal contractor (party), we are doing Fabrication only

1) is applicable service tax or Excise ? if yes, explain the detailed law

C) we have received a sub Contract for Dame Erection and commissioning, in this contract main material supplied by Party and some quantity of material is scope of ours. Exp. As follow:

Total Works contract value : 1,00,000
Our contract value : 25,000 out of 1,00,000

In the value 25,000 included material cost is 10,000

1) In the above view service tax vise under which category?
2) Can I opt composition?

thank you
balu

RESPECTED EXPERTS

I AM 33 YRS OLD, MARRIED & B.COM FROM DELHI UNIVERSITY. PRESENTLY I AM WORKING IN A PVT. LTD. CO. AS SR. EXECUTIVE (ACCOUNTS)

I WANT TO PURSUE IN ANY ONE OF ABOVE MENTIONED COURSE FOR FURTHER BOOST IN MY CARRIER. BUT DUE TO JOB I HAVE NOT MORE THAN 3 HRS A DAY FOR STUDIES.

SO I REQUEST YOU TO PLS SUGGEST ME WHICH COURSE IS MOST BENEFICAL TO ME.

THNAKING YOU IN ANTICIPATION.

REGARDS

RAJIV SHARMA

I hope we all are facing a lot of problems to login onto ROC for annual e-filing. What according to you is the solution to this problem?

Also please let me know what does the term "rent" imply in form 23AC. Is it rent paid or received.