If A is a Private Limited Co., is constructing the Shed. Contractor "B" raised the Bill & Charged the Service Tax 50% on 40% of Taxable amount and rest 50% is payable by the receiving Co. " A".

"A" has capitalized all the Expenses for New Shed i.e. the Bill of Contractor "B" including the Service Tax Charged. Now what will be the Position of Rest 50% Service Tax paid by "A" under reverse Charge ? Is it Expense or "A" can capitalize the same. ?

wants to have tax slab for FY 13-14 for Non domestic company

As a proprietor can I eligible to apply for PAN No in the name of Business entity. What should I do as a Proprietor when our clients required PAN No. for the purpose of TDS deduction.

Pls share your views, knowledge or references.


Regards,
Well wisher.

company turnover is less than rs. 400 lacs in last F.Y. so under excise we com under SSI Unit.

but however we dnt avail benefit of excise duty exemption for turnover upto Rs. 150 lacs and we pay excise duty from re.1 turnover and so we avail cenvat credit of raw material..

under dis situation, what will be periodicity of EXcise return.. wil it be quarterly nly or monthly??

A company "X" has taken loan from company "A" and provided the same at higher interest to company "B". The situation was like this that X received interest from B and paid to A and on the net interest amount, paid tax.

Now for FY 2012-13, company B made provision of interest payable to X and after provision of TDS filed the TDS return. After some dispute, B is not paying interest to X and now it seems that the loan given would be a bad debt. In such a case, on part of X, actual cash/cheque received for 2012-13 is NIL but it has to pay tax on interest provided by B in the TDS return as the interest and TDS are appearing in Form 26AS.

Is there any provision, law or case law on the basis of which X does not book the income for 2012-13 (as it is not going to be received anyway), and does not claims the TDS amount also? Please help, its urgent.

i m cs exe level student i m complete my part time mba then can i get exemption in cs exe account subject based on part time mba degree.

dear Sir,
Iam 38 yr old mcom grd and working as a/ctant and i have 8.5 yrs exp. in a/cs now iam feeling like that i know 30% abt a/cs so i want study regarding a/cs like ca or other with correspondence so which course do i take
pls suggest me(my nature of work statutory rtns and day to day a/c for some co.)

Can we debit 'Remuneration to Directors' under the head 'Employees benefit exp.'

Please revert..

Dear Expert,

I am working in a private co. who is liable to pay service tax under reverse charge mech. but it is not registered under service tax.

so we want to take benefit of this new scheme2013. Please tell me whats the procedure to calculate & pay tax under this scheme.

Is there any different procedure to apply service tax no. under this scheme????

i m persuing ipcc n also have give exam of both group ...now i want 2 join any odr course wid ca so pls suggest wch course is better wid ca .....