XY ltd. purchased a car worth of 6,84,000(including vat@12.5%=76000) on 15/04/2008. Now on 16/10/2012 company sold that car for 290000/-. now my question is whether vat applicable on this? how much? if there is any provision of law please mention it.

DEAR EXPERTS,

I AM A SALARIED EMPLOYEE AND MY SALARY IS BELOW TAXABLE I WANT TO UPLOAD IT RETURN
SO I HAVE TO PUT INCOME FROM SALARY IN INCOME 7 DEDUCTIONS PORTIONS IN ITR 1, DOWNLOADED FROM ITEFILING WEBSITE

I CAN'T UNDERSTAND IN INCOME FROM SALARY WHAT AMOUNT TO BE ENTERED ISIT GROSS SALARY OR NET SALARY ?

GROSS SALARY ********
LESS: P TAX
LESS ESI
LESS PF
NET SALARY******

I can see online outstanding Tax Demand 1200/- for assessment year 2010-11. where can i pay these amount. can you please guide me.

Thanks,
Mukesh

what is the difference between payment of service tax and filing its return?

please help

what is the difference between payment of service tax and filing its return?

please help

OUR CLIENT IS PARTNERSHIP FIRM.........

FIRM HAS TAKEN LOAN FROM DIFFERENT PERSON FOR RS. 20,000/- OR LESS FROM DIFFERENT PERSONS. FIRM TAKEN SAME LOAN FROM MANY PERSONS AND NOW IT WANT TO PAY THESE LOANS IN CASH.

IS IT POSSIBLE FOR FIRM TO PAY THESE IN CASH UNDER SEC. 269T..........

2. FIRM HAS GIVEN LOAN TO OTHERS ALSO OF MORE THEN RS. 20,000 BY ACCOUNT PAYEE CHEQUE.
AS AN AUDITOR IS THESE IS NEED TO REPORT THIS LOAN GIVEN BY FIRM TO OTHER UNDER AUDIT REPORT.

Respected Sir/Madam
Iam a student of CA-Final and my 2nd year of articleship is going to be completed in August 2013. As my family is shifting to other city so i want transfer in that city, but as i read ICAI Clause it said for taking transfer i have to present a certified copy of transfer order to ICAi but here the case is my family is shifting to other city so i can't present copy of transfer order.
Kindly help me in this regard.
Thanking You in advance.

Can an individual claim benefit of exemption u/s. 54 and 54EC together.
In other words if an individual invests part of the capital gains from sale of house property in purchase of another house property and balance portion of the said capital gains are invested in capital gain Bonds. Whether such exemption is permitted??

Dear Experts,

Please what is the real process for the formation of a company and the checklist how much is chargable for formation of a company

An Indian Company AA has a Wholly Owned Subsidiary BB in the USA. The Parent Company AA had received interest income and also income for some service provided in the Financial Year 2011-12. India and the USA have a Double Taxation Avoidance Agreement between the two.

The American company deducted 15% Tax withholding out of the income remitted.

The Parent Company sought relief u/s 90/90A for the amount of Tax withholding. This was entered into the Computax that readily accepted the entry.

The Centralized Processing Centre of the Income Tax Department has sent an Order u/s 143(1) wherein the company has not been given the credit of and hence the refund against Tax withholding denied.

Kindly advice.

Thanks in advance.