Dear Sir,
In case of pharmaceutical company, I came across a invoice in which sale price as well as MRP both are disclosed. Sale price is lower than the MRP as per invoice. But VAT is calculated on MRP value and not sale value after deducting discount.
Is the process followed is correct ?
According to me, it should be charged on the Net Sale Value and not MRP.
Kindly guide me regarding the same.

Thanking You.

how to calculate interest on KVP certificate?

Res.Expert Good evening,
In my school ,TDS deducted and deposited by a person.When I try to download my 26 AS ,I came to know ,he nothing fill any payment amount against my PAN card (Please note I do not deduct TDS as my taxable income is below 1,50,000/- after u/s 80 C,D,G & Home Loan) In last year I download three partial & one full 26 AS ,from website.
My simple question is that-Would I fill my return in A.Y. 2017-2018 or what to do ?
Thanks & Regard
Sunil Jadhao

I paid 1 % tds on purchase of flat on 7.11.2016. But MIstake done of selecting Major head and Minor head.

Wrong - Major head - Other taxes on Income and Expenditure (0028) - want to Modified into Income tax other than Company

Minor Head -Payment under Income Declaration Scheme 2016 (111) - want to modified to TDS on Property.

What is the procedure to correct ?Can it be done online correction?

May i know the total cost for registering any business name.

My wife was allotted a plot with plinth in a co-op. soc. after our marriage...she was unemployed all the time. A house has been built on the plot with money from me, her parents, her siblings etc. but without loan from bank etc. The house is now in her name. Should it be declared by me for income from house property? I have already 2 houses in my name one of which is self occupied and the other declared as let out in my ITR

what is the maximum deduction we can take in 80c for tution fees and which kind of tution fees we can take......
suppose an persons children is studying in college or school and he is taking the private tution or coaching classes as well then we can take the deduction of both school or college or private tution or any one of them and what is the maximum deduction of tution fees and we can take of how much childrens

I have completed my articleship on paper but my principal is giving me extension according to the calculation, but if I go as per the regulation 60 of Chartered accountants regulations 1988 regarding the number of working hours and credit of excess working hours worked then I am not getting any extension coz I have lots of credit hours as I have worked overtime on almost regular basis...
Shall I consult to ICAI for this as legally I am not bound to serve extension.
Kindly guide me ASAP

if our company purchased a pump machine. which one is benefited for company point of view , take to fixed assets account or direct debited to p/l account

Respected Experts,

I am a CA Final student and going to appear my Final exam in May 2017.
I want to know the changes in syllabus of following subjects as compared to May 2016 syllabus
1. Advanced Management Accounting
2. Information System & Control Audit.
Thanks in advance.