Vinayak Gurav
26 June 2013 at 13:34

Vat return & service tax

1. Abc co. purchased steel material of Rs. 240000 ( Including vat 14.5% )

Then on the time of payment we are paid the actual tax - invoice amount with detucting the Tds rate on the total sum of Tax - invoice to vendor but question is i,e vat & Tds is going in the Government treasury.

My quest. is that when we calculating the tds rate we want to calculate on the actual materil price Or including vat price

if Including vat Or service tax why ?

Please guide me on this case with vat,tds & service tax solutions.


Puneet Sharma
26 June 2013 at 13:33

For job

Dear Sir,

I am a law student and also i am doing the accounting Job with sales tax work in a Proprietorship Concern.
sir,came A new offer for a Job in a CA Firm with batter salary for me.
I want to know your advise for a job change a proprietorship concern to CA Firms a batter option for me after law or before law or not.

sir pls reply its very urgent because i give the answer in two days


Thanks & Regards



Anonymous
26 June 2013 at 13:22

Loan

Suppose a Pvt. Ltd. co. X has taken loan from co. Y of Rs.2500000 on 05/05/2012. On 01/10/12 Co. X alloted 100000 shares @ Rs.15. Can X co. set off amount of loan against allotment



Anonymous
26 June 2013 at 13:18

Capitalisation of interest

A Pvt. Ltd company has taken Buyer's credit loan from HSBC Bank For SGD 151000.
for Purchase of Plant & Machinery from a Company of Sigapore. Bank Charges interest of SGD 2334.50. Will this interest be capitalised or not?


MANJUNATH KS
26 June 2013 at 13:15

Tds certificate

I have filed TDS Return for 3rd quarter of 2012-13. In which I have omitted to include the deductees' name for 2 challans.

Subsequently I filed C3 return and still it is not processed in TDSCPC and the amount is not credited to the respective deductees.

Please suggest me how to give TDS certificates to the deductees



Anonymous
26 June 2013 at 13:13

Dta/dtl

Short Term Capital Loss on sale 0f fixed assets as per income tax act-25600

Loss on sale of fixed assets as per companies act WDV-12560

Whether deferred tax/Liabilities arise or not



Anonymous
26 June 2013 at 13:10

Import payment of software

Dear All

Please note we are making payment for import software should we intimate the same to custom authority or not ,
If we are not intimate to them is there any fine or penality for the same ,,

Plase confirm the same

Regards
Vinod


CS KUSHLA RAWAT

Dear Experts;
Time limit for submission of Compliance Report – Every company shall submit the compliance report referred to in rule 5 of (Cost Accounting Records) Rules, 2011, to the Central Government within 180 days from the close of the company’s financial year to which the compliance report relates.My query is whether time limit for submission of compliance report by the Cost Accountant cab be extent and what is the procedure for the same, kindly guide as soon as poossible.



Anonymous

The assesse has 2 branches in same state but different jurisdiction . the assesse is filing the tds return through one tan no only , is it required to apply for new tan no in different jurisdiction ? for eg. they have regd. office in Mumbai and factory in Thane region whether it is mandatory to have two TAN no.


T P Mahesh
26 June 2013 at 13:07

Late filing of itr4

One of my client (stock broking concern)has tds refund due of around 11k for ay 2011-12.but we ve not yet filed return ITR 4..now under which sec. we can file return n get refund, since it is time barred?






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