dear sir
i am a salaried person. still i have not filed my income tax return for F.Y.2007-08 (in which my net salary income is well below threshhold limt). (a) can i file that return alongwith return of current year, i.e., FY 2008-09 ? (b) will there be any penalty for late filing of return for FY 2007-08 ?
regards and thanks in advance.
anckoor

how should do composite billing for supply and installation of material and service. what are the rateof VAT and Service tax and what will be the treatment of excise paid on raw material if we are the manufacturer. both excise and service will be levied and if levied than what r the rates of the excise and service tax.

Can we pass entry like this at the time of booking the revenue:

Party a/c. Dr.
To Income a/c.
To Service tax payable a/c.

Instead of giving credit to service tax liability a/c. and then reversing it at the time of collection

Plz reply soon its urgent

helo sir,
pls tel me whether there has been any vat credit available if party made export purchase without giving Form-H

Respected Experts,
Through the 2 years (2007-08 & 2008-09) Balance sheet figure can we find the current year's (2008-09) Sales turnover.

If so, kindly guide me.

ADVANCE TAX FOR FIRST INSTALLMENT NOT PAID IN 15.06.2009 FOR PUBLIC LIMITED CO
ANY PROCEDURE OR PENALTY FOR NON PAYMENT OF ADVANCE TAX

if any organisation not filled return of service tax, whether his registration is cancelled or not

My company has sold some its fixed assets during the F Y 2008 - 09. On certain assets there is a profit and on certain assets there is a loss. The sale has happened on 30.09.2008. How is to be reflected in the I.Tax computation ?

Hi, when does service tax collected becomes due for payment? On raising debit note or on receiving the payment from the client?

One Contractor is doing Boundary wall work for a SEZ Developer in SEZ area. The contractor is using some materials like cement,concrete etc. while executing the work. Now will this work is Contract for Service only or does it fall in Works Contract category.

Thanks