Higher and secondary education cess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2016
Dear Expert,
Please do let me know about utilisation of Education cess credit which is there in accounts till 31.05.2015 and then 14% rate was applicable so now how to utilise and if not able to utilise than what would be the accounting treatment?
Thanks in advance.
Please do let me know about utilisation of Education cess credit which is there in accounts till 31.05.2015 and then 14% rate was applicable so now how to utilise and if not able to utilise than what would be the accounting treatment?
Thanks in advance.
15 April 2016
The balance in E. Cess & SHE Cess should be transferred to Service Tax by reflecting the same in Part - I of the ST - 3 Return. In E. Cess & SHE Cess fill up item 3.2.3.4.& 3.3.3.4 as transferred to Service Tax and in Service Tax fill up item 3.1.2.6. as Transferred from EC & SHEC.
In the books of account transfer the entries by means of a normal journal entry.
In the books of account transfer the entries by means of a normal journal entry.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
