I can't understand how can i calculate tcs on scrap sale bill?
whether on invoice value?
or whether assessable value?
or whether the value after central excise 14.42%charged?

Does all charitable and educational institutions registered under sec 12 of income tax act 1961 can be called as an NGO or NPO .or it has to come under the definition of Sec. 25 company under companies act(i.e company not for profit ) .

Capital gains on slae of shres shown as investments in books treated as business income by assessing officer. I need some judegements in order to support my contention that gain is capital gains not business income.

Dear all, pl.calrify
1.Entry Tax - import of machinery for the purpose of work executs-digging work (work contract co.) in karnataka, this is a capital goods, entry tax is payable or not
2. if payable this amount can be adjusted in vat payable .

my mail id is msvasu@asterrail.com

One Private Limited Company has acquired another Private Limited company which has different assets and that includes Agricultural Land.

My Question is wether the purchasing company will have to pay the Capital Gain tax? Please reply.......

Hi,

i want to know the details regrding the cost cutting.ie how can a company reduce its cost.
eg
Monthly TO Rs.5L
others expenses, salary
25% profit on Monthly TO.

In this case how much percentage will treated as salary. Anybody having any working sheet or method for calculating...
please suggest........

thanks
Reeji

Hi,

i want to know the details regrding the cost cutting.ie how can a company reduce its cost.
if eg
Monthly TO Rs.5L
others expenses, salary
25% profit on Monthly TO.

In this case how much percentage will treated as salary. Anybody having any working sheet or method for calculating...
please suggest........

thanks
Reeji

Is it required to submit Form 112 to join graduation course after completing foundation.

Is it required to submit Form 112 to join graduation course after completing pcc.

SOME VENDORS DOING ELECTRICAL WORK FOR OUR CO. THIS INVOLVED N=BOTH MATERIAL & SERVICE.THEY ARE CHARGING 4%WCT ON THEIR BILL.

FOR EXAMPLE

Invoice gross amt 100

wct (4% on 100) 4

service tax (12.36%*33%)4.12

total 108.12


Now tell me whether we've to deduct the wct amt or not?if yes what should be the wct deduction amt.what is the procedure in payment?what forms are available .

If no tell me who paid the wct amt to govt?

There two companies one is controlled by one brother as whole time director ,the second one by second brother as whole time director, all the shares in both the companies are held by them selves and their family members.

My question if during the year any transaction has taken place, whether they are required reporting under AS-18 or not.