Dinesh
06 December 2007 at 12:00

merit list of PE-2 may 07

WILL ANYONE SEND ME A COPY OF PE-2 MERIT LIST MAY-2007 ATTEMPT OR ANYONE KNOWS ABOUT THE CLOSING MARKS OF MERIT LIST FOR 50th RANK


Mayur

Hello to everyone out here.
My brother has just started an interior designers firm. and i want to have certain system set up for accounting of the same.One of my problem is the business is divided into two parts.
First the trunkey based projects in which we purchase all material, hire labour agencies and pay them, and supervise all the work and then charge our design fees.
second is the service projects in which we just have to assist the client for purchasing the material and hiring of labour etc. we charge only for our design fees.

so can you please suggest how should i maintain accounts in tally giving certain guidlines including groupwise details. and also how should i prepare the invoice whether i should include material in and labour in the invoice or just design fees.


RASHMI SANGEKAR
06 December 2007 at 11:49

long term capital gain

sir,

I sold my resedential flat in april 2007 and bought new flat in may 2007 .so I got full exemption as I invested the amt.

now in december I am getting 32 lacs from my grandfathers property which was a plot in mumbai.this property was bought in 1955.we are 6 brothers .individually I am getting share of 32 lacs .my question is if I invest total amt in resedential property will I get exemption from long term capital gain.as in my case 2 transcations of capital gain happening in same year


Praveen Nigam
06 December 2007 at 11:19

Depreciation

A company which follows schedule xiv rates of Companies Act for depreciation. But this company depreciates its assets upto 95% of the historical cost of the assets. There after it does not provide any depreciation in the books. whether company is correct in doing so or not?


Praveen Nigam

I would like to give two cases:
1) Contract for printing files / envelop / writing pad etc on which logo as well as name of my company is appearing.
2) A book which contains financial performance of the company.

In both the cases we do not supply any material to the printer like paper/ink etc.
My question is:
1)whether above two cases are works contract or contract for purchase of goods.
2)whether contractor can charge VAT for doing above job.


CA Vaibhav Jain
06 December 2007 at 09:37

cpt attempt

sir/mam

how many attempt for cpt student
My Friend has failed in 5 attempt
Can he appear in next attempt without new registration


kartik_somu
06 December 2007 at 09:13

VAT on Catering Contract

Our company have a caterer for two canteens who provide unlimited food and snacks.

The caterer charges 2 % on the value of food (single rate per meal), tea/milk/coffee and 4 % on snacks provided by them.
No VAT is levied on fruits.

I referred VAT Act and no where i could find 2 %.

Is he right in charging 2%?


Praveen Nigam
06 December 2007 at 09:08

Printing of stationery

We have given a contract for printing of stationery as per the specification given by us to the contractor. The contractor is charging VAT. Whether contractor is right in doing so or not? Further contract for printing of stationery is a works contrac of purchase contract for us.


roopa
06 December 2007 at 08:52

Tax Planning

Hi,

Can anyone let me know what are the provisions to be looked into while doing Tax planning for a Construction Firm.


ram rahim
06 December 2007 at 07:46

Query regarding Big 4

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