If in my last query, if the contractor purchasing material with his name and after that issue a new invoice on a profit on material to the party(Contractee). Is it right? Whereas in contract agreement material is of contractor.
Is contractor can show profit on material?

My confusion is about the affect of VAT and Income Tax that if the contractor charge profit in invoice raised to the party then his vat(Output Vat-Input vat) liability will be increased. On the other hand his income from contract will decreased i.e. Contact Price-(Cost of Material in which also include profit+ other costs). Am I right or wrong?

Plz. suggest me what should be the correct accounting system for the above problem.

My principal makes me do all hi personal work
like bringing his doctor report, making of train tickets, repairing his mobile, getting quotation of air condition, to cobbler for repairing his bag etc
and under office work he sends me bank for deposit cash, cheque deposit, updating pass book , he also send me to his client to bring large amount of cash from them and also asks me to go to client within 2-3 km by walking, etc many other works from which i learn nothing.
I just have completed 6 months in his office and asking him for transfer, but he is not giving me so, saying once i have joined his firm he will not allow transfer.
Can i complain to CA institute regaring this issue or what should i do.
Please help me out.. :(

In calculation of share and profit before tax is given and investment is given at cost so it effect the interest of investment ,which we gonna less from profit and if yes then why?

My query is that if in the contract agreement all the material will be of contractor. And when contractor purchasing required material then, Whose name should be purchase invoice, whether contractor's name or contractee's name?

I have mailed twice for change of mediun and centre of examination but havent got reply and on helpline numbers they dont response properly.so please help me out....

Sir if the employer refused to give transfer in first year of training then can we start articleship with anothr employer from starting

Plz provide me perfroma of misc. Appeal u/s 254 for rectification of ITAT order.It is urjent.

While opting for composition scheme the dealer should not have any closing stock of raw materials on which he had already claimed ITC set off
i am ipcc student ,my query is- can there be stock of interstate purchase /import while opting for composition scheme,as VAT is neither paid nor itc setoff is claimed on the same?

What is the turnover limit of an individual to dedcut TDS??????????

If a person receives U$ dollar from foreign currency then taxability treatment.