Please let me know , if a public limited company (S) has sold goods to a private limited company (T) on prevailing market prices but on a credit terms of more than 30 but less than 90 days, will the central government approval be required by the Public Limited Company (S)under provisions of Sec 297. Waiting for a response from the learned experts here.

In the current case company (T) has made payments min 30 days after the invoice was raised by company (S)

Read more at: https://www.caclubindia.com/forum/sec-297-265912.asp#.UkCGPtJaaCp

Dear Expert,

If wrongly tds 2 times extra deposited in any category, can we take it benefit in next month during a quarter.

Please urgently reply.

thanks

Hi All,

I purchased a flat under construction in 2011 and went for a home loan for 15 Lac in 2011'Dec. I want to sell my property now at 2400000 (Including 50000 Brokerage) by 2013 end. Total Flat cost break up is given below.

Flat Cost 1464000
Putty 70000 (No Receipt)
Service Tax 68000
Stamp duty 9000
Registration 70000
Processing Fee 10000
Wood Work 100000 (No Receipt)
Brokerage 50000 (No Receipt)

Total 1841000

I have the below questions:
===========================
1.For few of the above mentioned brake ups, there are no receipts that I could provide as they are daily workers. Can I still add these amounts(With No receipts) to calculate the Total Cost of the flat.

2.Please help me in calculating the Short term capital gain. How much amount is taxable on the gain/loss that I have incurred.

3.Please share the Percentage(%) of taxable amount for STCG. Currently I am in 10% IT slab.

Please help me answering my question.

Thanks in advance,
Sekhar

just want to know about the firm mehra khanna & co is suitable for articleship or not and want to know whether this is good in comparison with JDA co(janak puri) in terms of articleship?

can somebody pls help me out on this issue?

While distributing the assets of partnership firm to the partners, for computing wealth tax of an individual, closing cash balance of partnership firm to be included or not?

One of my colleague a govt employee had recently received arrears of salary in the F.Y: 2012-13 amounting to Rs. 368121/- which is a sum of arrears from f.y: 2009-10, 2010-11, 2011-12 & 2012-13. At the time of paying arrears tds was deducted and paid. also the returns of earlier years except for f.y. 2012-13 has been filed and processed. Now m question is can i claim relief under sec 89 for the earlier years and also refund for the tds deducted against the arrears. If yes then how it is to be done, do I need to approach the Assessing officer for doing so or can i do it online by filing revised return for the financial years as mentioned above.

its a partnerships firm trading business charges carriage for delivery of goods . the amount of delivery charges during the year is rs 55000/- approx the delivery charges are paid in return to coolie or to transporter is service tax applicable on delivery this carriage amount

presently i am staying in a rented house against which my company pays me house rent allowance. I had booked a flat for self occupancy which is in running construction. For that i have taken a loan from icici bank. now the entire building is being constructed and completed with work undergoing inside the flats. now my home loan instalments have started which i am paying with interest. no possession has been given to me till yet. can i claim deduction under sec 24 for the interest paid by me or continue to claim exemption under HRA . kindly suggest

Sir
I am going to complete my Management training
on 2nd of october 2013.it is necessary for me to write a project report before completion of training ?
I have submitted my quaterly report through speed post to institute. i have got confirmation of my first two report but not of rest what to do?
is it necessary to do 15 day training at any recognised centre by icsi before MSOP?
Sir please answer asap

sir, i had registered for IPCC on 29jan 2010. and i used six attempt of exam . whether i eligible for NOV 2013 ipcc exam. please suggest me.