1. If we have already done audit and reports are prepared, only e filing is not done, we have to file in new format?
2. If we have already filed return for this AY, do we require to change according tothe format?

Sir today i booked a ticket from Jammu(Non taxable territory) to Delhi(Taxable territory) by rail in 1st AC coach why the railway charge service tax of ticket fare ???
It is a contradiction of
1. Place of provision rule 11
2.Negative list transportation of passenger

My client is going to get bank loan for his son's education at abroad. Can my client claim the tuition fee paid at abroad under section 80C

Dear Sirs,

I am working as AM(Purchase).

Please clarify Below :

One of our supplier raised an invoice as under :

Basic cost(X) + ED(Y) + Freight(Z) + CST on(X+Y+Z).

Is this correct procedure?

How can they charge CST on Freight?

If freight includes in Basic price but not shown separately in invoice , then can we calculate ED on basic price?(i.e includes fright).


We have Modvat Benefit.

Please clarify.

Regards,
Pratap.A

The Company was incorporated on 01/05/2013, now as per old companies act, 1956, the first AGM should be within 15 months from the date of incorporation i.e. should be on or before 30th July 2013.

Pl. know me whether company should convey its first AGM before July or as per new act within 9 months from the date of closure of first financial year ?

Pl. resolve urgently and thanks

is it necessary to get register for ITT & Orientation. cant we complete our articleship 1st n den go for ITT & orientation...???

HELLO TO ALL,

FOR THE LAST THREE YEARS, IN ASSETS SIDE,THERE IS TDS (ASST YEAR-2010,11) STANDING TILL 14-15 IN A PROPRIETORSHIP.
WHEN REFUND RECEIVED THE ACCOUNTANT DO THE RECEIPT ENTRY IN INDIVIDUAL BOOKS.

I JUST WANT TO KNOW TILL THIS YEAR TDS IS NOT ADJUSTED OF LAST YEARS.
KINDLY ADVICE ME HOW TO ADJUST THAT TDS TO MAKE IT ZERO

PLZ SIR ADVICE ME AS EARLY AS POSSIBLE.......

we have contracting firm in Maharashtra, i will quote one bid to GAIL, project location in Gujarat. this is work contract composite work. taxes - all inclusive but service tax exclusive. client not issue C Form. but i have issue to C form to our vendor.

we have VAT register and CST register in Gujarat.

we will quote the offer including VAT freight, insurance excise duty etc exclusive service tax.

My question is in based on VAT factor, we have consider local vat 15 % plus 2 % CST. this is right or what is consider.

As per Listing Agreement half of board should consist of independent director.

As per recent circular issued by MCA
Non executive/Non independent director
( being appointed by Bank for loan taken by company ) shall not be considered as independent director.

Now my query is for composition(half of the board) of ID at time of appointing independent director, Non executive /Non independent should be taken in account

for example
Board consists of 8 members

2 Members (MD and Non executive directors)- Promoters

1 Members- ID

Balance 5 Members- Non Independent directors being appointed by bank in the board for loan taken by company)

In this situation whether existing ONE ID is enough in the board as ID ( as per Listing agreement )

or

Existing one ID +3 ID members to be appointed in the board as ID (8 -half of board)

or

Existing one ID + 5 to be appointed in the board as ID (Existing 8 +4 New ID- half of board)

kindly suggest suitable solution for the above.

If one forgets to do the tax audit for the FY 2012-13. then can CA do the audit for that year in current date.

if yes the what is the extra notes or qualification to put in the report.