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Recent Questions

Question added Jul 01, 2014 Income Tax By CA Rajnish , CA , gorakhpur

answers

395 views

Q. Donation to P.M.Relief Fund-PAN & Address of Fund - Salaried employee donated fund for victims of Kedarnath Disaster to P.M.Relief Fund Lucknow.Which is available for 80G deduction but problem is that no employee know the PAN and address of fund how take benefit in filing ITR 1.

Question added Jul 01, 2014 Income Tax By Surya Karan , New Delhi

answers

275 views

Q. Tds on interst from relatives - sir, i have taken loan from my father of Rs. 2100000 and used it into my business but need not to repay it. there is no formal agreement. is it necessary to book interest in the books and what is the tds liability & consequences if i write off as gift under section 56.

Question added Jul 01, 2014 Service Tax By Saurabh Aggarwal , CA , North West Delhi

answers

1208 views

Q. Service Tax on PLC charges charged on Sale of Plots - If builder company charged PLC charges on Sale of Plots, will the service tax applicable on PLC and at what rate

Question added Jul 01, 2014 Finance By Raj Kapoor Singh , CA , Lucknow

answers

360 views

Q. project report - Anyone provide me project report for subsidized loan form pradhan mantri rojgar yojna

Question added Jun 30, 2014 Income Tax By sanjeev kadel , CA

answers

168 views

Q. FORM NO-10B - PLEASE REFER TO EXPLANATION TO SECTION 11(1) WHICH SPECIFIES THAT OPTION IS TO BE EXERCISED IN WRITING BEFORE DUE DATE UNDER SECTION 139(1)IN CASE RELEVANT INCOME IS NOT RECEIVED OR FOR ANY OTHER REASON. THIS EXCESS ACCUMULATION IS TO BE SPENT WITHIN 2 YEARS OR 1 YEAR AS THE CASE MAY BE. NO FORM IS SPECIFIED.
UNDER SECTION 11(2) FORM NO-10 IS PRESCRIBED FOR ACCUMULATION OF INCOME OVER SPECIFIED LIMIT FOR A MAXIMUM 5 YEARS. MY QUERY IS WHETHER THE SAME FORM 10 IS USED FOR BOTH THE OPTIONS I.E. 11(1) & 11 (2).

Question added Jun 30, 2014 Corporate Law By Aaradhna Chauhan , Delhi

answers

255 views

Q. DPT-4 - while filling DPT-4 Whether relative is to be considered as per new companies act 2013 or companies act 1956

Anwered By : shankygarg

Question added Jun 28, 2014 Corporate Law By sandeep sharma , CA , NEW DELHI

answers

282 views

Q. deposit rule clause xi - DEAR ALL PLEASE SPARE UR VALUABLE TIME IN GIVING REPLY TO MY QUERY. 1. PLEASE EXPLAIN THE MEANING OF FOLLOWING CLAUSE GIVEN BELOW:- CLAUSE 2(C)(XI) OF DEPOSIT RULES 2014 "ANY NON INTEREST BEARING AMOUNT RECEIVED OR HELD IN TRUST"

Question added Jun 27, 2014 Income Tax By sandeep Aswal , Faridabad

answers

520 views

Q. Whether Vat Input can be Availed on the Printing Bills where TDS has been deducted on the entire amount including VAT - Hi,
A company gives the order of buying the Flex boards and also doing the printing work on the boards and the vendor charges the VAT on the bill and there is no bifurcation in the bill of the separate details of the price of the Flex board and the price of the printing work . Now the company Deducts the TDS on the entire amount including TDS and take the Input credit of VAT PLS tel me whether this is the correct treatment and can you give me the Refrence of any section in this regard.
Thank You

Question added Jun 27, 2014 Students By AMIT KUMAR , East Delhi

answers

397 views

Q. practice manual - please anybody provide to me link of ipcc practice manual printed on march 2013.

Question added Jun 27, 2014 Service Tax By JYOTI ASRANI , CA , Jabalpur

answers

453 views

Q. service tax - Sir ,
We have recd professional income of Rs.8 lakhs till 25.3.2014 and we are not registered in service tax , we got an audit assignment on 28.3.2014 and fees for which was Rs 3 lakhs, we started the audit from 05/4/14 and recd the fees on 25/6/14 , but they deducted the TDS on 31.3.2014. sir my Qusetion is that what will be service tax implication in F.Y 13-14 . we have taken service tax registration from 15/4/2014

Question added Jun 27, 2014 Service Tax By Saurabh Aggarwal , CA , North West Delhi

answers

474 views

Q. Applicability of Service Tax after project is completed - When project for constructing property(residential or commercial) is completed(Project Completion Certificate taken), will Service Tax applicable on unsold units and sold units balance installments(to be collected after completion)

Question added Jun 26, 2014 Income Tax By Deepak Saini , New Delhi

answers

478 views

Q. INCOME TAX TDS - DEAR USERS
ONE OF MY CLIENT(PRIVATE LIMITED COMPANY) BOOK A STALL IN A TRADE FARE AT KENYA THROUGH A COMPANY IN DUBAI AND PAID $3000/-
IS THERE ANY TDS, IF YES PLZ SPECIFY THE RATE, IF NO THAN REASON WITH SECTION AND OTHER MATTERS.
PLEASE RESOLVE MY PROBLEM
THANKS

Question added Jun 26, 2014 Corporate Law By Mayank Sethi , Indore

answers

214 views

Q. Urgent FOR COMPLIANCE - What is procedure of picking other object business to work on that business as under in new companies act 2013?

Question added Jun 25, 2014 Corporate Law By NAROTTAM MAHESHWARI , CA , Indore

answers

247 views

Q. NAME OF SHAREHOLDER OF A PVT. COMPANY - May I see name of share holder of a Pvt. ltd. Company from MCA site.

Question added Jun 25, 2014 Service Tax By SAURABH GHAI , CA , Ludhiana

answers

997 views

Q. Advertising Agency Service - I want to clarify my issue on advertisement agency service. My client raises Rs.100.00 bill to customer and pass on Rs.85.00 to print media company who actually print matter in newspaper. My client earn 15% in this kind of transaction or we can say this is his commission. For calculation of service tax we charge 12.36% on Rs.15 or 1.854% on Rs.100.00 (both are same). Now my issue is for calculation of small scale exemption of Rs.10.00 lacs what value shall be taken Rs.100.00 or Rs.15.00??? If we take Rs.100.00 then limit of 10 lacs will be lapsed soon and vice versa. Department is contending that tax should be levied @1.854% on rs.100 and limit of 10 lac to be calculated by taking Rs.100.00 but i think it should be calculated by taking Rs.15.00. Is the contention of department correct?? if not please suggest me some notifications or circulars to oppose their point.

Question added Jun 25, 2014 Corporate Law By priyanka singla , CA , Panipat

answers

251 views

Q. FORMATION OF A PRODUCER COMPANY - WHAT IS THE ONLINE PROCEDURE TO FORM A PRODUCER CO. AND WHAT ARE THE REQUIREMENTS FOR FORMING THAT?

Question added Jun 24, 2014 Students By BHANU GUPTA , CA

answers

325 views

Q. Articleship Transfer - I am in first year of articleship and i am not satisfied with the working of the firm and my principal is not giving transfer..Please suggest me what i do next ??

Question added Jun 24, 2014 Income Tax By VINOD SAHARAN , CA , PALLU

answers

153 views

Q. SALARY : Tax on better work award - I am a psu employee and my employer given me an award Rs. 225,000 for better work, and doing better job I am spend around 150000 on R&D. how I can save tax on it. Is it any tax remedy is available in this regard. Please suggest me.

Question added Jun 23, 2014 Income Tax By RAJAT DAGA , Delhi

answers

300 views

Q. TDS - Can a specified section TDS challan adjusted with another Specified Section TDS Liability.
Exmample. can 194(c) TDS Challan adjusted with 194(J) liability

Question added Jun 22, 2014 Students By Niraj Kumar

answers

1248 views

Q. co.act 2013 - applicable in exam 2014 nov. or nt

Anwered By : Surendra Kumar Dash Surendra Kumar Dash shankygarg

Question added Jun 21, 2014 Corporate Law By sandeep sharma , CA , NEW DELHI

answers

322 views

Q. issue of share at premium - Dear fellow members, Please spare your valuable time in giving reply to my query. 1) The company want to raise money by issue of further shares to its members at premium. As per my understanding of the CA 2013, we fall under clause (c) of Sub section (1) of section 62. and if that is correct then the question is a) Who will issue the valuation report? No rule for chapter XVII- REGISTERED VALUERS are prescribed so far. b) Can a chartered accountant issue the same? If yes then which method to follow. Can any one send me the format of valuation report by CA c) Do we have to follow the private placement rule as prescribed for Section 42 i.e PAS-4, 5. 3. If i am wrong then please suggest me how to issue share at Premium.
Thanks in advance.
CA Sandeep Sharma 9811307245

Question added Jun 21, 2014 Corporate Law By sandeep sharma , CA , NEW DELHI

answers

265 views

Q. disclosure of interest - 2) This query is regarding disclosure of interest by director u/s 184 of CA 2013. The AB PRIVATE LIMITED company is having two directors MR. A &B. They are also member of this company. There is one more private limited company say CD PRIVATE LIMITED. This company also has same director and members i.e Mr A & B is also director and member of CD private limited meaning thereby both company have same director and members. a) AB Private Limited company is selling its goods to CD Private Limited in normal course of business and the same price at which it sells the goods to other non related parties i.e at market price. b) Now as per section 184(1) read with rule 9 ( Meeting of Board and Power) the interested director shall disclose his interest by giving MBP1 form to company and company has to file the same in MGT-14 with ROC for the above transaction of Sale/ purchase between AB & CD company. c) However as per section 184(2), the interest director shall not participate in such meeting. And in our case both the director i.e Mr A & B are interested. So the question is:- i) How to draft resolution in this case and who will sign the resolution? ii) Please share the format for this kind of resolution
Thanks in advance
Ca sandeep sharma

Question added Jun 21, 2014 Corporate Law By sandeep sharma , CA , NEW DELHI

answers

445 views

Q. DPT 4 - This query is regarding acceptance of Deposits. The AB PRIVATE LIMITED company is having two directors MR. A &B. They are also member of this company. Following is the position of unsecured loan of the company as on 31.03.2014 • Mr. A 10 Lakh • Mr. B 10 Lakh • Xyz P Ltd 15 Lakh (unrelated party, no relation with any directors, Members, relative etc.) • M/s C 20 Lakh (c is relative of director and is a proprietorships Concern) • Secured loan from Cholamandalam finance, TVS finance ltd. As per section 74 read with rule 20 of Acceptance of deposits rule 2013, in respect of any deposits accepted by the company before 1.04.2014 the company has to file DPT-4 by 30.06.2014. The repayment to xyx p Ltd and M/s C has already been made in month of May. Now the query is:- a) Which among the above five loans are to be reported in DPT-4 ? b) What is the format of Auditors certificate. Please share the same. c) Any other issue which u feel are necessary , please share the same Thanks in advance. We will be highly indebted for the act of kindness. CA Sandeep Sharma 9811307245

Question added Jun 20, 2014 Income Tax By harsha tripathi , CA , Jodhpur

answers

342 views

Q. pan card - whil processing the pan application it was discovered that photo was not proper than what is the remedy..... wehter there is requirement of filling new application for pan card

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