I am working in a government department. We have invited tender for supply of bags.A company got the tender. That company supplied the goods as per our requirement specified in the tender and submitted a bill including VAT. Now, while making payment whether we have to deduct TDS? As per my knowledge Section 194C applies for work contract if raw materials supplied by us. But in this case we have not supplied anything. If it is comes under the section 194C? I am confused in this matter. Kindly clarify.
Thank you.

If in an invoice from Manpower Recruiter, Service tax figure has not been mentioned separately, then how the service receiver will pay service tax on RCM basis(25:75 basis)? The value of invoice to be taken as inclusive/exclusive of service tax?

Sir,
I am working in a government department. We collect quotation from different vendors for purchase of items and issue a purchase order for lowest quoted vendor. We will not supply any raw materials to him. He sends the goods as per our requirement and submits a bill including VAT. Now, while making payment whether we have to deduct TDS? If yes, under which section and what is the TDS rate? Please clarify.
Thank you.

does share trading in F&0 or intraday /BUSINESS transaction where stt is paid comes under section 44AD OR NOT.TO FILE THE RETURN.

I am student of CA Final & doing my articleship under FCA Rajbala Chandak(M_No. 077724) since Oct.2013 and I submitted my Registration Form as per prescribed manner but till now I didnt get my registration letter. So please tell me how much time it will take because my exams will be held in Nov.2014, so its urgently required to me.

my client has textile business income for financial year 2012-13 : 172511/-
(6.176% of turnover)
turnover is 2792980/-
interest income : 33569/- i.e. total income 206080/-
then necessary audit required, if not doing audit. then profit should 8% of turnover (persumtive income), yes or not

please urgent...

Dear Sir,

How can i check my registeration status of articleship to know about my employer.

FORM DPT-4 IS TO BE ATTACHED WITH WHICH FORM.
WHAT IS THE DUE DATE OF FORM DPT-4.

Hellooo
Im swetha(Accounts& Finance Exicutive)

My uncle is doing biz ,now we need do file ITR.the biz is agliculture based and he getting only commission from buyer p.a-more than 60,00,000/- so now how to show the purchase and sale? how to caluclate the ITR..


Kindly suggest me for filing ITR

Hi,

Ours is a 1.5 yr old Pvt Ltd company in ecommerce industry. We have an online store that has been doing good with consistent growth. Recently we have agreed upon having a new director on board who will invest 36 lakhs for 1/4th share in the company. His investment will be in the form of monthly payments of 1.5 Lakhs for 24 months.

Below are some details about our company.

Total sale Revenue generated : 1.2 cr

Company's Profit/Loss: - 4 Lakhs

Total paid up capital: 12 Lakhs

No. of current directors: 3 (each having 40k shares @ 10 rs / share)

Our online store has a very good brand value with a strong customer base.

We are not sure about how to issue shares to the new director. According to his investment, we need to issue him shares at a premium of Rs.90. Do we have to pay any tax if we issue shares at premium? If the tax people do not agree to our valuation of Rs.90/share then what happens?

How do we bring his investment into the company and offer him equal share ? Please guide us.

Thanks !