Hello!

I have a query regarding share price. In accounts, what is closing balance, is ALWAYS the opening balance next day. But in share market it is not so.

If the share price of ABC Ltd is closed at Rs 125 on Tuesday, the same is not the opening price on Wednesday. It may be Rs 122 or Rs 129 or so.

For what reasons this difference take place? How the opening price mechanism works?

Please throw some light upon it.

Thanks.

we are the provider of taxable service(Erection , commission & installation/ Consulting Engineer/ Business Support services) and also engaged in trading activities and doesn't maintain separate books of accounts.
In order to claim cenvat on input services, rule 6(3) and rule(3a) are to be followed. some of the input services are exclusively used for providing taxable services/trading activites(exempted services) and some of the input services are common.
My doubt is:
1. can we claim the full cenvat credit on the input services which are exclusively used for providing taxable service.
2.how to claim cenvat credit on input services where we cannot bifurcate between taxable service & exempted service.

WHETHER THE FINAL A/Cs OF PRIVATE COMPANIES WILL BE MADE AS PER THE FORMAT GIVEN IN REVISED SHEDULE SIX OF COMPANY ACT 1956 OR AS PER NEW COMPANY ACT 2013.

Dear friends,
My friend is carrying on a business of jewellry. His main activity is to sell gold and silver ornaments and also prepare some new ornaments from gold bars.

While selling they collect making charges from the customer. They also paid making charges while purchasing the ornaments from wholesalers. They do not charge the vat on the making charges.

Now suppose they have sold ornaments worth Rs. 4000000/- during a year and collect Rs. 60000/- as making charges then while calculating profit u/s 44AD @ 8%, whether we have to include making charges of Rs. 60000 in total turnover or not. That is whether we have to show profit

4060000*8% = 324800

or

4000000*8% = 320000 + 60000 = 380000

Please solve the above query..

Thanks

As per Companies Act2013 letter head and invoices should be print with the cin no and address of registered off but for signing invoices, directors din no should be mentioned for that????

Should rebate of Rs. 2,000/= be claimed by deductor employer while deducting T.D.S. as there is no column to mention the same in T.D.S. Return 24Q Annexure II?

If an employees salary is INR 12000/per month
But he has invested in society (called Thrift and credit society ) and that much amount was invested by his father.
And he get the maturity amount with Interest in his bank account INR 2 lakh.
So will employer liable to deduct the TDS on his salary . While he did not declare his investment in the declaration form.
Kindly help me

Respected Members,

Please give your opinion on my following query;

PQR Private Limited has given corporate guarantee/ security to ABC Private Limited for ABC's loan from a nationalized bank, before 12.09.2013.

Now, PQR wants to replace the security provided by them with some other property, no other alteration or modification is to be done, only property secured is to be replaced. whether this can be done or no.

As per my understanding it can done, since this is just a replacement of guarantee of a loan which was secured before 12.09.2013, i mean before the notification of Section 185 of CA, 2013.

Please share your views.

Thanks
Pranay Patel

sir,

our co. need to pay brokerage of 8.60lac but the person charging this amount is individual and do not have this business on regular basis. So he is not having TAN no. Now what shall i do?? shall i deduct tds? what about the certificate as there is no TAN?

Dear Experts,

We have deducted the TDS @ 20.6% Rs. 12078/- on Gross Salary Rs. 258632/- for the year as pan of the employee is not available and filed our TDS Return Form 24Q accordingly.

Now, TDSCPC has issued a demand notice to us and they calculated Gross TDS as Rs. 51726/- on it. Is it correct? If no, please write what we can do in this regard.

Thanks in advance..

Manish