Respected sir.

I have to solve one problem, example:
we are one sale bill in tally for Rs 1500+14.50% vat thus together comes to say 2000/- after one day customer come and exchange the watch and buy new for 3000+14.50% tax say Rs 3500/- and he will pay us balance amount of rs 1500/- for this how we can make sales bill in tally for rs 2000/ credit and balance for adjustment bill kindly brief me

Dear Sir,

Up to how much cash amount could be transfered from proprietorship firm a/c to his own personal a/c during the one FY.?

SIR,
ONE CAN SHOW THE ACCOUNT FEES RECEIVED AS A INCOME FROM BUSINESS/PROFESSION U/S.44 AD (8 % PROFIT)?

Dear Sir's

Can any one guide me the procedure how to submit Test Papers for CS-Executive. Like whether A4 size papers are permitted for answer sheets, what all the students details to be disclosed in the Answer sheets etc..

Very Urgent.....

Thanks in Advance.

We have a private family trust. The trust is going to make payment to a contractor worth Rs 2 Lacs. Is the trust liable to deduct tax on the same or not?

I work in esic Hyderabad.from march 2012 to feb 15 th 2013 I worked in one hospital .on 15 th of feb I was transferred to other hospital,now who has to issue my form 16 previous hospital or the present where I am working now.pls urgent

dear sir,

i am registered under service tax act and i issued invoice to coco cola co for rendering services and coco cola co also registered under service tax act. And they had deducted service tax on my invoice amount. will i accept any certificate from co. And there is any provision for certificate.

We as a builder providing Construction services i.e flat booking to Charitable trust registered under section 12 (AA) of Income Tax.

Is service tax is applicable on Flat Booking from Builder to Charitable Trust?????

Please reply

i have individual pan and also have service tax no. in name abc as proprietorship comapny. it is compulsory apply pan no in company name.

A partnership firm have a remuneration clause in partnership deed in a same way as normally every deed contains like compliance of Sec 40b.


Say for a FY max allowable salary is 30lac, and firm distribute among partner in ratio of 5:3:2 but profit sharing ratio is 3:1:1 My query is whether firm can distribute salary in this manner(5:3:2)??

Does income tax alllow it??



secondly can same partnership firm distribute salary in next year in 77:13:10, but again profit sharing ratio remain 3:1:1??? Does consistency have to be followed every year for income tax???

Partnership deed doesnot contain any clause regarding distribution of salary among partner, but defined only max amount allowed.


Please help and clarify