dear all

suppose after payment to creditors at the year end the balance remains rs.23/-

what entry should be passed to write it off ?????

i think it should be
creditors ac-----dr
To indirect incomes a/c

If the capital asset is sold on 28/02/2009 and LTCG of Rs. 1,20,00,000/- is there and the Investment is made in the specified bond on 25/03/2009 of Rs.50,00,000/- and on 05/04/2009 another Rs. 50,00,000/- is been invested in the same bond then in that case what will be the exemption amount u/s 54 EC and what will be the taxable income of the assessee if the return is filed before due date??

Dear Sir,

Can you guide me on the following matter:
1) Pvt. Ltd. Company have 2 Director
2) 1 director want to transfer shares
Question:

1)Whats procedure to transfer ?
2) Whether require to intimate to ROC ? if yea whats time period.
3) Incoming person willing to become director, then wa\hats stepes to be taken

Pls treat urjently.

Warm Regards,

CA Radhesham Bhutada
9822890980

HI... This is Karun, Nwe user here.
I just want to know that if we are deducting TDS for Professional Charges from any Party's payment, how could we get that whether the party is coming undr the surcharge slab or not............

for example.....
ABC co. deducting TDS from the Professional Services provided by YZ & Co., a firm..... & now i dont know whether TDS cut should be 10.30% (without surcharge) or 11.33% (with surcharge).

Can somebody please explain to me wat is a Deferred tax asset/liability??

Hi Friends,
My client is a civil contractor and providing services of commercial contracts. As per the rules, he can claim abatement of 67% of the value of contract. My query is, whether he can claim CENVAT credit of input services e.g. telephone and audit fees if he claims abatement also.

My client have 2 shops, one in Individual capacity & another in HUF Capacity, dealing in kirana items on retail basis. during survey it is found that there is excess stock of Rs. 40 lacs in one shop whereas less stock of Rs. 35 lacs in another shop. I.T.O. propose additions in income in both the shops. What stand should I take?

As per rule 6(7B) of service tax rules 1994 amended by notification no. 19/2008 st dated 10.05.2008 service tax on forex will be charged @ 0.25% on amount of dollars exchanged(suppose) but the banks and other dealers are charging a transaction fees on which they are charging service tax @ 12.36% what is the correct procedure?

IF A CLIENT/ DEALER HE IS DEALING IN THE MANUFACTURING OF SIGN BOARDS AND IS A REGISTERED DEALER. I JUST WANTED TO KNOW WHAT PERCENTAGE OF VAT HE SHOULD APPLY (4 % OR 12.5 %) WHEN HE MANUFACTURERS & SELLS THIS GOODS.
NATURE OF BUSINESS ON THE CERTIFICATE OF REGISTRATION ARE AS FOLLOWS:- RESELLER, MANUFACTURER, RETAILER, WORKS CONTRACTOR.

OUT OF WHICH HE ONLY TAKES ORDERS OF MANUFACTURING & SELLS IT TO THAT PARTICULAR CLIENT.

PLEASE ANSWER ASAP.

THANKS & REGARDS