Dear Sir

please explain Stock valuation procedures under Gujarat VAT Act

A private company who is applying for a loan of 60lakhs and whose authorized capital is 5 lakhs wants to know whether it is within the borrowing powers of the company and whether Section 293(1) (A) & (d) of the Companies Act, 1956 is applicable or not

What will be the scenario, if the company is a public limited with the same loan criteria & authorized capital? Kindly give suggesstion

As Per Notification of Service tax :-
In the following cases the reverse charge mechanism is applicable only if the service recipient is a company (Pvt ltd/ltd) and the service provider is a non-body corporate (eg individual/firm/LLP).

† Works Contract services

† Renting or hiring of motor vehicle to carry passenger

† Supply of manpower services

In the above cases the service liability will have to be shared both by service provider and service recipient in specified shares eg. on work contracts, 50% will have to borne by service recipient and 50% by service provider .

My Query :- We are in a Running Project for a Hospital , and done many works by contractors , I would like to know that Should We register in Service Tax ? because of we will provide Hospital Services &
Hospitals are not liable to Pay Service tax. Is Reverse Charge Mechanism Applicable on us ?

Plz inform me that can I appeare for May 2014 ipcc attempt if I would join articleship in august...???

I listened that for appearing in ipcc(direct entry) may 2014, only completion of 7 months of articleship is required.... Is it true...???

If a company or a person(especially charitable trust) whose accounts are required to be audited under the Income tax act fails to file the return till 30th september as per section 139(1) , can the person file the return till the end of assessment year without paying any penalty?

SIR,
I AM IN ARTICLE...

AND MY QUERY IS RELATING TO REFUNDS OF INDIVIDUALS... WHEN I AM CHEKING STATUS DISPLAYED LIKE "NOT DETERMINED".. WHAT IT MEANS ? WHAT SHOULD I DO FURTHER ? PLEASE CLEAR... THANK U...


naresh, guntur

Dear Sir,

I have received invoice from Bharti axa Genral Insurance company Ltd of Rs 228495.00 including service tax.

This invoice is employees annually Insurance from company side.
In this invoice Tds is applicable or not.


Thanks & Regards
Sunil Kumar

I have income from salary and loss from one house property which form of tax return should i file?

Can a Corporate body be added as a partner in a firm ? Any case laws on the said subject?

One of my friends' income falls in the 30% bracket. He is also earning a lot of interest on fixed deposits. He does not want to invest in PPF (for maintaining the liquidity). What is the other opton he has to save tax on this interest income?
If he closes his FD account and transfers that money to his wife's account who then opens a fixed deposit, will that solve his purpose? His wife has no other source of income.
Will any clubbing of income rules apply here?

Please provide your suggestions