Dear Sir,
I had doubt that if any employee hiring taxi during official tour and received bill on his name and same reimburs from Company. Than company is liable to pay serivce tax. Taxi with AC.

Which challna to use for payment of penalty U/Sec. 271(1) (c). Is it Challan No. 280 under Tax on Regular assement in Penalty box ? Please Clarify.

I am a student of IPCC.
I have registered for both groups for may 2013 examination but I wont be able to give the exams as i haven't been well since a few weeks and havent been able to prepare very well.
Will it be considered as failing as per ICAI? Do i have to inform anybody of the same? will it have any bad effect in future?

Dear sir pls tell me in whose hand the interest income earned on FDR in the name of wife and major child is taxable in the case where whole cash is gifted by husband to his wife and major child.

Can anyone tell me the requirement of CPE Hours. I registerd as a member in Feb 2013 so what is the requirement for me to ensure the compliance of CPE Hours.
Is there is any exemption in the very first year of registration as a member.

Hi guys,
I am doing business with name xyz pvt ltd co., for the same i hired security guard from security agency, as we know w.e.f 01/07/12 for the service mentioned above i am liable to pay tax under partial reverse charge provision and for compliance, i registered myself under service tax in the month of oct-12.
so when i m filing my return for the period july-12 to sep-12, service tax deparment is rejecting my return by giving the reason that u r not registered for the said period for service tax.
So, please help me what to do know? and share ur views ASAP.

how to calculate the net worth of a private company ?

Is there any amendment in AS-11.

Please any one post the latest AS-11 link here

Thank u

In FY 2011-12 the company had done a project and received some commission from the Vendor. The Vendor received the amount from the customer.

In the commission received by the company there is Rs.3,20,000 included which is payable to customs.

In Financial year 2011-12 the company has not paid the customs duty. While finalising the accounts even that RS.3,20,000 has been recognised as income for the company.

Provision also not done for the amount payable to the customs.

But in FY 2012-13 the Company has paid that Rs.3,20,000 to customs through bank cheque.

But the receipt was issued in the Vendor name by the customs department.

While finalising the accounts for FY 2012-13 how to treat this amount and how to maintain in books of accounts?

Please help me

Thanks in advance

Can any one please give a audit programme how to do audit for small companies having 50 to 60 cr turnover?

Please post any one audit programme.

I will be able to understand and then i will design on my own for the companies which i am doing?

Because my boss is not giving any audit programme for me.

He is just asking me to go and do an audit?

I don't have any seniors to guide me.

Please help