Is it correct calculaion of education cess to be calculated on Tax thereon + surchage or tax theron only for the financial year 2005-06
U/s 28 it is written that any profit arising from business or profession.
What include "profession"?
Is profession and business is same
thing?
Suppose "A Co." has taken Foreign Currency working capital loan of Us$7,40,000 from a nationalised bank and same day/8th July'08 entered into a forward contract @ 44.935 with Delivery date 6th Aug'09.
Us$ rate 31st march'09 -50.53
Forward rate 31st march'09 -51.98
What will be gain/loss as at 31st march'09
hi,
Pls tell me whether service tax is charged on out of pocket expenses made on clients..as conveyance, etc..
Regards,
Hi can anyone help with the following:
Company A deposits with Company B(of which A is a promoter) share application money in 2001. no shares have been issued in respect of share application money till 2009. B wants to return Share application money to A with interest on amount.
Courts have held that long term deposits of Share Application Money should be treated as inter corporate loans. question arises -what then is treatment of share application money in the instant case?
further issues:
case laws stating share application money as loans?
case law/commentary which spell out who can give a loan and to whom?
case law/commentary on how loan can be paid back?
Accounting standard treatment of the same?
As per new notification Service tax applicable for SEZ units,so if order is lumsum i.e for both supply & installation then what will be the service tax rate applicable?
Can anyone give me the deatil list of acounting entries to be passed for provision of Income tax.alongwith the advance tax paid and TDS receivable.
Whether the entries for provision of TAx are shown net of advance tax, tds receivable, provision written back etc or the advance tax,TDS is shown separate?
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
TDS