Service provider has obtained st registration in F.Y 2009 - 10 without crossing 10 lacs limits. firm has not charged service tax to its customer.
1. whether after obtaining registration SSI unit is liable to pay service tax or exemption of 10 lacs will be applicable
2. in F.Y 2010 -11 also SSI exemption will be available since in preceding year taxable limit has not crossed Rs. 10 lacs and start paying service tax only after crossing limit of Rs. 10 lacs.
3. in F.Y 2011 -12 exemption of Rs. 10 lacs will be available or start paying service tax from Rs. 1/-

I have recently started a partnership business last year with my mother. My nature of business is consulting services. I have some queries as below. Please help me.

1) I have paid the service tax which i collected from the clients. But how should be it shown in accounts. Do I have to debit service tax paid in P & L a/c. Will I get deduction for the same.

2) My total receipts for the FY 12-13 is around 30 lacs. So I believe there is no tax audit required. But can someone please provide a specific format for preparing a P & L a/c & Balance Sheet.

3) As of now there are no employees as partners themselves are providing the consultancy service. There is a remuneration clause in deed to be paid in ratio of 80.20. So should we actually show remuneration paid through firms bank account & what would be the accounting treatment for the same.

4) Also if remuneration is paid to partners the firm is required to pay prof.tax. However do i have to register for the Prof.tax certificate. Also when I saw the mahavat site for registeration there are two options PTEC & PTRC option so which one should i select. And what is due date or last date for payment of partners prof tax for FY 12-13.

Thanks.

Hi,

I am in process to start "Paper Bags Export" small business from DELHI.

I am not a manufacturer and would buy the products from the local market only.

I have already got the IEC. Can I start finding the BUYERS ?

What should be the next step in order to move forward my business?

Please suggest. Thanks

RESPECTED SIR/MADAM,
I HAVE PASSED IPCC GR 2 ON NOV 12 AND THUS QUALIFIED IPCC BUT TILL NOW I HAVE NIETHER RECEIVED IPCC GR 2 MARKS STATEMENT NOR IPCC QUALIFYING CERTIFICATE .WHAT I WILL DO ?

what is the ITR for salary income with the capital gain?

Dear Authority,
I am prop. of an Engineering firm at Bhilai Chattisgarh. I have got export order for supply of some engineering equipments. i am a non excise firm and not registered with District industries Centre, can I get registration from IEC without getting registered at DIC and Excise dept and export the material.

i E-fill a return apr 2012 to sep 2012 Of service tax on 20/10/2013 old version kya mushe yhe return new version me revise karna chahiye ya nahi or return of oct 2012 to march 2013 ka return kab fill kiya jayega Pl . helf me

I have to get myself registered denovo as I could not complete the course within five years of original registration. I want to know whether credit will be given for any coaching/trainings completed during my previous registration or denovo registration is treated as a fresh registration?

Dear Sir,
I am a CA Final student. My CA final exam is in Nov 2013 and i have done nothing. I will start from scratch. Can I clear both groups of CA Final if I start studying 15 hours a day

Dear Sir, I have a House Building loan, I am a salaried person.For this loan I got tax benefit U/S 24 For interst amount(Rs.15622), & For Principle amount (Rs.14400) I got Tax benefit U/S 80c.Now From A.Y-2014-2015 only my Principle amount will be Nil.Now Can I invest my Principle amount in NSC to get tax benefit U/S 80c, Or what will be the best Investment for tax savings?
Can I get the Deduction U/S 24 (For interest) After Investing the principle amount to NSC or any other Scheme?