Whether prior period items as per AS 4 (like wrong calculation salary, traveling exp. Incurred and paid but not recorded in previous year, item related to previous year etc.) allowed expanses in current year as per Income tax …….

We are a tour operator in india, recently we have purchased only air tickets for sector kathmandu/paro for one of our foriegn client from our Kathamandu, Nepal agent.

I would like to know whether we levy service tax in our invoice or it would be exempted ??

Our company is based at Hyderabad and we have branch at Mumbai. We on job work purposes regularly send cinematogrpahic camera equipment, film boxes, Hard disk drives to Mumbai and which can be returned to hyderabad once the job is completed. Do we require to pay octroi duty on each and every time. Is there any clause in the Octroi duty act to get exemption from paying if the goods movement is from head office to branch office. please also provide whethere there is any site which the Octroi act is available

Is interest income on S/B accounts exempt from tax in the current AY or is there a limit?
Is interest income on Bank FDs exempt from tax in the current AY?

Dear Members,

is it Legal to Recover duty under section 11A of Central Excise Act 1944?

Without demand and determination Under 11A(1) or 11A(2)

I had advance standing Rs. 1000000, towards income tax refund, however I received Only Rs. 800000, what should be the treatment of the balance Rs. 200000???

if company gives advance to HUF for purchase of property of HUF and karta of HUF is director shareholder of company holding 22% share, does it amount to deemed dividend.

Since I withdrew the amount invested in EPF and got it credited in the current year, will the interest and the principal be fully taxed? (invested for 2 years)

Dear All,

Please let me know whether there is any compulsory audit for Private PF Trust. if so under which Act?

Thank you

Is interest income on S/B accounts exempt from tax in the current AY or is there a limit?
Is interest income on Bank FDs exempt from tax in the current AY?