As per New Schdule VI of The Companies Act in Profit & Loss Account Revenue from Sale of Product, Services & Other Operating Incomes Less Excise Duty gives Net Sale. My Question is whether VAT/CST/Other Taxes are the part of the NET Sales. IF Yes so where has to shown VAT/CST/Other Taxes.

Sir
My client wants to receive a payment of Rs.1.5 crore from a foreign party in his bank a/c for the purpose of investing in a Land in India. (Both are like partners in it).
Now under what heading we should take payment so that we don't get stuck under the laws of FEMA?
Also we can't take it as a gift as it will become taxable in my client's hand.
Kindly suggest.

Thanks and regards.
Ankur Soni, ACA

Can anyone tell me how to find registration no. of pvt ltd company. I know every detail regarding company including CIN but I m not able to find registration no. in MCA site........plz reply......

Dear sir,

I need to know whether a partnership firm incorporated in india can make the payment for the purchase shares of indian company,on behalf of Non resident who is one of the partner of the Firm.
Shares will be owned in the name of NR partner. Firm want to make the payement only.
Is it permissible ?
Please reply as soon as possible on urgent need.

Thank you
Regards.

I have registered for IPCC after passing CPT this June, I have came across various laws and Acts stating that applicable through out India except the state of J&K why it is so,

Dear Expert,

I would like to know about the initial steps to be undertaken to constitute a charitable trust in Kerala. The stamp papers, minimum trustees required. Could you please provide me a brief advice on the same? I would be highly obliged if you provide me a link to any of the websites to get an elaborate view.

Hi,

Please let me confirm the section containing the article regarding 'Validity of Non Attested Stamp Paper PhotoCopy"

My client gave shop on rent, in the last month. After a month lessee does not pay any rent. Please suggest for him... What he do...

share application money received from foreign country and allotted preference share capital what are the formalities followed by a company regarding fema act and RBI rules it is private limited company .

Dear Sir/ Madam,
SUB: OD ACCOUNT
This is in continuation to the trailing mail .
I would like to summarise , whatever has transpired till date.
I was working with Reliance as Technical Group Lead .

Sometime last year a person from the Agency appointed by standard chartered, got in touch with me regarding settlement as I had lost my job two year back and was unable to make my regular payments. He had offered an settlement amount of Rs.35,000/-, I agreed to make the payment as my friends were ready to lend me the money then. However, nothing came out of it, as he did not come through.
My cell got damaged because of which I had no access to the numbers, and could not get in touch with anybody. However, I called up customer care and explained the situation , and asked them to arrange for somebody to call me. Also i had wrote a mail to bank , explaing the situation and details. but i havn't got any reply.
This year one Mr Suryakant got in touch with me. Then all sorts of problems started. The guys from the Agency used to visit my house at odd hours 8:00 pm , 9 pm , as and when they feel like.
I was the sole earning member in my family. My father is past 76 years and is a heart patient, diabetic and suffering from blood pressure. My mother has a psychological problem and is suffering from ILD(Interstitial Lung Disease), but cannot afford any treatment since I lost my job. These people come home and give them mental pressure in my absence. I have always been available and kept in touch . Inspiteof this they have been creating problems and tension for my family. Presently, the house is running on my Father’s pension.

Today 25th July 2011 , same person again called and asked for money... i told that when i will get job , 1st i will clear your dues. after long discussion he started talking in bad and very low lavel Language.

many times i requested him not to give so much mental pressure ..... but he was talking as i am begger ......... please suggest me what to do ????

now i am unable to handle the pressure