respected sir,
as per income tax act (in respect of income earned from business)in the process to arrive net income from gross income earned (in books of accounts ),vat paid during the year is eligible for deduction.
but we create vat paid leder under head duties& taxes. if i paid one lakh vat during the year, cash account is credited and vat-paid (created under duties&taxes) is debited.this is ok. but as the p&l is not effected there is no deduction in net profit in p&l account in respect of eligibleexpeses that is vat paid during year.
if i create vat-paid account under the head indirect expenses , i will get the deduction from gross to net profit. but in balance sheet duties and taxes head remains as liability. how to solve it.
i request some one to discuss in possible elaborated manner.
thank you sir.

is seems is a million dollar question .i have visited aicte instuite and also mett several CA tutors but none seems to have a answer to the query .Symbiosis centre for distance learning is recognized under DEC and also a allied department of deememed university Symbiosis. so getting 60 % in PGDBA in finance from SCL will be considered as post graduate eligibilty for direct entry for ipcc admmission in category? is scdl PG diploma from SCDL consired as a Post Graduation for IPCC..hope some one has a answer and is a shame for councellor at AIcte who could not answer the same query and also cust care no at 0120-3045914..hope a reply is there

Hello All Viewers,

Kindly let me know the due date of filing VAT & CST Returns of the Six Months Ended & Quarter Ended on 31.3.2013 specifically for Audit & Non Audit Assesseess.........


Plz Reply soon...

DEAR CCI MEMBERS,
I HAVE COMPLETED IPCC IN NOV 2012 . CAN ANYONE SUGGEST ME WHETHER I SHOULD JOIN FOR FINAL CLASSES NOW OR I SHOULD JOIN ONLY AFTER MAY 2014 SINCE MY ATTEMPT IS IN MAY 2015. WHICH WILL BE BETTER FOR ME.AND WHERE CAN I GET BEST COACHING IN CHENNAI .

A person is engaged in construction of building and selling of these blocks. He receives advances for the blocks booked and he pays the service tax thereon. My question is, can he claim input credit of service tax paid on expense, like audit fees?
If no, then kindly let me know the reason for not claiming the input credit or any relevant notification relating to it.

I would like to ask that is there is any kind of penalty imposed if i fill challan 0021 for a COMPANY DEDUCTEES instead of 0020.

I have service of Mandap Keeper and filing S.T Return for the same now i want to add another service of Manpower Supplying service, how to add this service in my old st registration no. or do i have to apply as new service or what ?


kindly help me it is very urgent

thanks all experts

Sir, can a student have a right to take transfer if his employer dissolve his partnership and creates a new firm. Then a option may create or not.

Dear Sir

Pls tell me service tax registration limit and tell me who can claim service tax pls tell me limit

What is the procedure for change in constitution of partnership firm under partnership act 1932.Procedure for change in registration under partnership act in the the state of Madhya Pradesh. Please tell complete procedure.

Thank You