The assessee became major on 14/12/2013.He earned bank interest from 1/04/13 to 31/03/2014,he if filling his return.Whether bank interest earned up to his becoming major is taxable in the hands of farther or the entire income from 1/04/2013 to 31/03/2014 included in the income of assessee

Dear Friends,

As per new rules of Companies Bill 2013, rules about allotment of new shares has been changed. As per new rules, Share application money cannot be received in cash and has to be allotted within 60 days. Moreover, no of shareholders has been restricted to 200.

In case of sugar companies where no of shareholders are very large as they are farmers. in some cases, it goes more than 10000. But as per new rules, company cannot allot shares to person more than 200 shares. In this case, how can we go ahead for allotment to farmers.

Left to canada on september 2010 whether he is NRI or ROR or RNOR. came to india in previous financial year ie 2013-14 only for 30 days.
IF NRI what is the tax rate applicable to him ?

Dear Experts,

If profits in a partnership firm are not sufficient to pay both salary and interest to partners, what should be given first to them.
There is provision in partnership deed for salary to working partner and interest on capital employed, but no clear instruction as to what should be paid first.

Please help.
Thanks

Please tell whether we have to charge CST on goods send to the distributor in other state or we can save tax with some prescribed form.? Also tell whether this distributor is required to charge VAT if he is selling in his state?

DEAR SIR,
my friend had indain citizen have indain pan card, but now he is nri in usa(citizen). thus what type of income tax pan nomber effect or return file up

Whether an assessee is required to file Declaration in Form 10BA for claiming deduction u/s 80GG? If yes where he needs to submit the Declaration if he files his income tax return online?

One of my Client is selling educational CD's & DVD's (English Speaking Course). He has taken copyright.

My question is what type of taxes will be levied on such sales? VAT or Service Tax or Both.

As per case law, if on sale of SIM cards service tax is applicable as service provider is providing services to clients and not selling goods.

Under current case whether only Service tax will be applicable as my client is providing services (of providing education) through the medium of CD's & DVD's. The cost of CD will be approx Rs 1000/-.

Whether VAT will also be Applicable?

What is the formula to compute the transportation cost?
What elements are included for computation of such cost?

Dear personnel, Is it compusory to complete ur GMCS within one year?if somebody is not able to complete with in 1 year then what will be the consequences??? will it delay final attempt???