Ms. xyz pvt ltd is carries on business of trading.
They import goods from Australia and USA.
They make 100% advance payment
According to me the co is to record the transaction of payment considering the exchange rate as on that day
Later it should record the purchase transaction on the date of Bill of Entry.

The exchane gain/loss will be the difference in exchange rate s on date of payment and bill of entry .
Let me know if this is correct.
If not refer to any othe method.

I had completed my IPCC group I and awaiting group II result. I want to start up for Company Secretary course. Please guide nd let me know the procedure to join the same.

sir kindly clarrify

1.permit room in a hotel fully air conditioned which sells alcoholic and non alcoholic beverages is subject to service tax?
2.does the permit room comes under restaurant definition 3.impact before 01.07.2012 and after

I have earned professional income from 1.4.2012 to 31.10.2012 and after then i earned salary income till date so, please tell me which return i should file?

Hello Everone,
I want format of Board Resolution where Company informing shareholders that v need to apply for service tax registeration......So please help me for same...........Company is not authorising anyone for same task.......Company wil do proceeding on its own.........

ON SALE OF SHARES IN NSE DURING F.Y.20012-13, LTCG AMOUNTED TO RS.98330 (STT PAID ON BOTH SALE & PURCHASE). OTHER INCOME FROM PENSION & INT ON DEPOSITS AMOUNTED TO RS.392225/- TDS DEDUCTED IS RS.23987/- WHETHER LTCG IS PAYABLE & HOW MUCH. WHAT WOULD BE TOTAL TAX LIABILITY ???

Dear All

What will be the tax implications(Both tds & Service tax) if the taxi is hired for official visits by a chartered accountant. there is no contract between the taxi services and the chartered firm and the amount exceeds the 194C limit very easily. the service provider i.e. the taxi services is not a company. its an individual.

A quick reply would be highly appreciated.

We are having a partnership firm carrying on business of building construction (residential units)
I am an accountant and as per my belief I need not to pay service tax untill I get any unit booked. whenever i will get booking amount i will register the firm with service tax dept.
However We had to pay lots of amount to transporters and to labour contractors.
Do i have to register and pay service tax for the same on reverse charge basis? or any other way out?
please tell me in brief..

I have some queries on this topic
1) when the tax audit report is to be filed, means alongwith ITR or anytime before or after ITR or on the date of issuing Audit report.
2) How to file audit report electronically.
3) Who has to file the audit report? If auditor, Digital signature for Auditor is required?
4) if ITR is filed by an Advocate and the auditor issues only audit report, then Who has to file the audit report and when?
5) whether audit report is to be filed under section 44AD also
Plz reply as it is urgent
Thanx

Can any one provided me the checklist for delhi vat audit...thanks in advance