Hi. I am a partner in a firm and having trading activity of importing chemicals.
I was interested in buying artworks and hence started building up a collection since 2010.
In 2013, I realized that I need to sell some artwork so that I can buy new ones and hence sold paintings in auction for 4.5 lakhs
In 2014, till august I have sold paintings worth 7.5 lakhs. My stock would be around 30 lakhs.
In my books I have been showing capital gains.
My charted accountant suggested if I cross 10 lakhs this year then I will have to take mvat registration number.
I would like to know whether that's right?
Or can I sell them and show it as sale of investment. Please do help as there is no clarity

i want to close company. whats is the procedure for clossingva company. actuly the company no business is going on it os incurring a cost of annual filling etc. is this kind have any immunity for filling of annual forms or it be better to close it?

i want to maintain my books in tally. but i m facing a problem that i purchase goods in kg but sale the good in peices. plz tell me how can i maintain my books with stock..

wht is the meaning of substantial period of time??? please say sir

overtime under which ledger accounthead will be created

Hello
Pls let me know which accounting software is good?

Hi. I have a confusion related to the New wealth tax return filing online. Is it now compulsory for every individual/huf to file wealth tax return if they are audited under 44ab even if they have net wealth below 30 lakhs or the individual huf who are covered in wealth tax law ie having net wealth above 30 lakes and are audited too under 44ab are required to file such return online? To me the second one is correct. But a senior confided me. Kindly guide.

in which condition on line service tax payment is mandatory.

in which condition on line service tax payment is mandatory.

manpower contractor raised a invoice to us rs.112360 inclusive service tax rs. ?12360@12.36%. so what should I pass journel entry under reverse charge by Ganeshbabu K on07 August 2014 Dr.Manpower Charges A/c 100000 Dr.Service tax input A/c 12360 Cr.Manpower Contractor name (balance fig) Cr.TDS Payable Contactor 194C 2%/1% on 1lakh but under reverse charge we have to pay 75% service tax to directly govt. in this case how can we pass above entry