Our company regularly comes out with the schemes for boosting sales. At the end of scheme period, there is a lucky draw whereby the first 5 winners are awarded with CAR/Bike/Jewelry/2 LCD TV's and rest 10 winners with Printers/MWO.

Now, when the Lucky Draw is under taken, we pay the amount of CAR/Bike to the supplier and dealer collects the same in his name and then the same is shown in our books.

Whether TDS is applicable on the gift given in kind on achievement of sales targets to dealers? If yes then under which section?

Dear Experts,

Please suggest whether the following situation would cover in Prior Period ambit:- ??

A compliance Cert. issued by the Company Secretary for Rs. 10,000/- during the current year ..i .e. bill dtd 15/Mar/14, which pertains to financial year ended 31/March/2013.

Whether provision of Prior Period Items would apply in this situation (Ref to AS-5).

Hoping for a prompt response in this regards.

Thanks

a group of friend want to give donation to the college. they want to register NGO. They collect amount from friends living in different state & further expand by collecting amount from all student pass through college. so what entity should be created so it is more beneficial to them. whether they get registration as a charitable trust.what is procedure for registration. they use fund to donate only specific college.

if sales consideration is rs.100000 and net worth is -150000 then what is capital gain ???

Dear Experts,

Please siggest whether the following situation would cover in Prior Period ambit:- ??

A compliance Cert. issued by the Company Secretary for Rs. 10,000/- during the current year ..i .e. bill dtd 15/Mar/14, which pertains to financial year ended 31/March/2013.

Whether provision of Prior Period Items would apply in this situation (Ref to AS-5).

Hoping for a prompt response in this regards.

Thanks

pls any one can tell me if compnaies act 2013 is applicable for cs executive exam on december 2014.?

thANKS IN ADVANCE,.

I want to do distance learning course in Shipping Line. I am M.Com LL.B. from Kutch Gujarat. Please guide me any institute, university etc.

If any caterer charge vat against food bill in that case TDS will be applicable for that particular bill( Bill Value more than Rs-50000/-)

Regards
Amit Nandy

AS 11 has not specified that which rate should be taken for recording an import transaction.Should we take the RBI rate or rate given by CBEC?

Pl let me know whether CGT applies if a person sells his two shops to a builder who has purchased all shops surrounding that area and in turn gives a shop in a new building constructed at same place and two flats at same building. Nothing has been paid in consideration just legal sale deed will be executed for sale and purchase of shops and flats.