Notice invalid after the lapse of 6 yrs

Sir, on27/03/2013 the income tax department had issued notice to my mother under section 148 for income chargable to tax for the assement year 2006-07 has escaped within the meaning of section 147 of the income tax act.

In feb.2006 I and my 3 brothers had entered into a joint development agreement with a builder.as my elder brother was expired my mother was included in this agreement with out any share in the builtup area.till now my mother has no property in her name nor any income.the IT dept. has not issued notice to we 3 brothers till now.

please clarify if the notice is issued on us, is it valid after the lapse of 6 yrs.If the notice is issued what should we do.

Ptec enrollement

IS IT POSSIBLE THAT THE PTEC APPLICATION CAN BE MODIFIED/EDITED FOR WRONG INFORMATION/DATE BOOKED AFTER ONLINE SUBMISSION OF APPLICATION BUT BEFORE THE APPOINTMENT WITH THE OFFICER FOR OBTAINING CERTIFICATE OR A FRESH APPLICATION CAN BE DONE . PLEASE GUIDE ME.

Audit report

is new audit report format applicable to co-op hsg society audit?

Audit of company (under liquidation)

Dear Experts,
I wish to know the provisions of Audit of Company (under Liquidation). To put it specifically, I wish to know “whether a company, whose liquidation has commenced (by filing a Petition in the Hon’ble High Court) and a Provisional Liquidator is duly appointed, has to continue to get its accounts audited during the pendency of the said petition?”
Further, after some years, if the winding-up order is passed by the Hon’ble High Court, and the Provisional Liquidator duly becomes the Official Liquidator, is the company required to get its accounts audited as it was required to (prior to liquidation)?
My view is that, “a company is required to get its accounts audited till the date of its winding-up order, and not thereafter, since the Official Liquidator takes charge of books, etc. everything.” Kindly correct my view, if it is wrong/ inconsistent by any means.
It would be very kind if your reply is supported by respective provisions (sections, case-laws, etc.) to serve my ready reference.
Your early reply in this regard would be highly appreciated.
Thanking you in anticipation.
Regards,
Mayur R. Gadhia.

Proof of export

WHY PROOF OF EXPORT IS REQUIRED
WHO HAS TO ISSUE IT TO WHOM
WHAT ARE THE CONSEQUENCES FOR NOT GIVING IT
PLEASE GIVE ME CLEAR DETAIS FOR PROOF OF EXPORT

FOR MERCHANG EXPORTING BY MERCHANT EXPORTER FORM ARE-1 IS REQUIRED YES OR NO

IF MANUFACTURER UNDER EXCISE COVERAGE HAS TO FILE FORM ARE-1 FOR EXCISE DUTY FREE ITEM

Resolution for taking od facility against fixed depost

Dear Sir,

Plz provide me any Resolution regarding taking of OD limit against Fixed Deposit from SBI Bank.

Thanks in advance.

Moa and aoa of a optical lense trading co.

Dear All,

Can anybody provide me MOA and AOA of a Pvt Ltd company dealing with trading of Optical lenses.

Thanks in advance

Depreciation

If a private limited company is having its business of safe deposit vaults, then in which block of assets "Safe deposit vaults" depreciation would be counted and rate?

Transfer pricing

If an Indian company is providing services to its Associated Enterprise(AE) in USA and the AE is using these services further to complete its contractual obligation to a client based in USA.

The AE adds 4% profit margin to what the Indian company charges from it and provides the service to client at such price.

Will the transfer price on the Indian company be such sale price of service inclusive of 4% profit margin set by AE or without it.

Ex:

Supply price by Indian Co. to AE =Rs. 100

Profit Margin 4% =Rs. 4

Value of service charged =Rs. 104
from client

Will the transfer price for the Indian company be Rs. 100 or Rs. 104?

Please reply. It's very urgent.

Transfer pricing

If an Indian company is providing services to its Associated Enterprise(AE) in USA and the AE is using these services further to complete its contractual obligation to a client based in USA.

The AE adds 4% profit margin to what the Indian company charges from it and provides the service to client at such price.

Will the transfer price on the Indian company be such sale price of service inclusive of 4% profit margin set by AE or without it.

Ex:

Supply price by Indian Co. to AE =Rs. 100

Profit Margin 4% =Rs. 4

Value of service charged =Rs. 104
from client

Will the transfer price for the Indian company be Rs. 100 or Rs. 104?

Please reply. It's very urgent.

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