Dear all

One of my friend a registered dealer in Karnataka value added tax Act has purchased raw materials of Rs. 100000 and sold finished products for 75000 only ( Incurred loss of Rs.25000) on Purchase he claimed Input tax of Rs.14500. Is he liable pay tax loss of Rs.25,000 or is he required to reverse input tax credit on purchase to the extent of Rs.25,000

Kindly let me know

Dear Sir,
Under RCM system, whether only the corporate bodies are liable to pay service tax on the receipt of service
or
other constitution like partnership and proprietorship are also liable under RCM.

Please clarify.
Thanks in advance.

If a company purchases a book of Rs.4000 and it has non professional business then whether it is a capital expenditure? If so , then what will be depreciation rate on it as per I.t?

Dear Frnds,

my question is abt a registered Parnership firm having 5 members as family partners sharing equal profit total amt standing to the cr of the firm capital is 225 lacs
turnover 70 crores
taken working capital limit frm SB 75 lacs
term loan 150 lacs o/s payable in 3 yrs
and secured by hypothication of book debt stcks and movable assets. the firm having manufc unit at Navi Mumbai in own premises as per last valuation the immovalbe properties carried out stamp value is Rs. 4.5 crore so my question is from the above its good to conver PF to Part IX Company or to incorporate new and take over the assets under Companies act IT Act Stamp Duty act

Mail me on csjyotipadia@gmail.com or roongta.ashish1@gmail.com

Plz its urgent

Thanks

Hello sir, last year (2012) I registered for IPCC Group 1. Due to circumstances, I did not register for Group 2. I have given IPCC Group 1 in May 2013, and want to be registered for Group 2. I have to give both groups in November 2013 attempt. Sir is it possible? If yes then what is the registeration date?

Whether Provision for Dividend account appears on Liability Side only when there is Profit & Loss A/c Credit Balance?

Please guide me.

Hi,

My name is sridevi,I have completed my CP-II in 2006 and cleared ,I stopped my studies at that time and join in a company due to family financial problems,Now I want to purse my studies-CA final,I am not sure whom to contact,and about articleship,I cannot leave my my job ..Can some one help me how to finish the articleship and attempt for CA Final
My email id-sridevikandukuri@yahoo.co.in.

Thank you
Mrs.Sridevi

I am working in ABC Pvt. Ltd. company give me telephone with postpaid for using. and bill pay by company. bill in Favore in yogesh goyal C/O ABC Pvt Ltd. address also mention in bill of company. so I want to be ask that ABC Pvt.Ltd can be avil service tax input which mention on telephone bill. Pls clear with section.
Yogesh Goyal

Dear Member,

The tenure of MD is upto 31st March, 2013.

Is the Board Meeting convene on 31st March, 2013 or on 01.04.2013 for Reappointment of the MD?

What is the penalty, if Form 23 (within 30 days) and Form 25C (within 90 days)for reappointment will not file in time?

Please guide me.

Thanking you

Amit

A company has fully depreciated assets i.e.. Nil value. If the company transfer that assets to his subsidiary company at which value

market value or nil value
please reference Section


plz suggest me