KIND ATTN. SIR

OUR ASSESSEE BEING A REGISTERED TRUST APPLIED FOR REGISTRATION U/S 12A (a) OF THE INCOME TAX ACT.DURING THE HEARING WITH IT ASSESSING OFFICER, HE HAS POINTED OUT THE FOLLOWING REMARKS AND THE SAME SHOULD BE AMENDED IN A SUPPLEMENTARY DEED (AS REGISTERED SUPPLEMENTARY DEED) :
1. THE OPERATION OF TRUST SHOULD BE CONFINED TO INDIA ONLY( FOR WHICH IN THE TRUST DEED WE HAVE MENTIONED AS FUND ESTABLISHMENT IN INDIA )

2. IRREVOCABLE CLAUSE
3. INVESTMENT OF MONEY AS PER THE MODES MENTIONED U/S11(5)( IN THE DEED WE HAVE MENTIONED AS INVESTMENT ALLOWABLE IN LAW)
4.To publish books, magazines, charts, issue related IEC (Information, Education and Communication) materials and other periodical illustration for generating the income for the trust for the benefit of its aims- SHOULD BE AMENDED AS WITHOUT THE WORD GENERATION OF INCOME , SINCE IT IS CONTRARY U/S 2(15) .
BUT U/S 2(15)COMMERCIAL ACTIVITY IS ALLOWABLE UPTO RS.25 LAKHS AS PER THE AMENDMENT WEF AY2009-10.
KINDLY CLARIFY . SINCE AFORESAID AMENDMENTS ARE NEEDED TO CONFIRM THE REGISTRATION U/S 12A(a) OF THE ACT AS PER IT ASSESSING OFFICER.
WITH REGARDS
CA.P.SHANGAR

they say higher investment implies greater risk... but with higher investment in your business aren't you able to have better technology and competent professionals to manage your business, better advertisement and distribution system,etc all these factors reduce risk.. then why is it said that higher investment implies higher risk?

it is always said that the equity shareholders either have windfall gains or lose their investments completely.. what is the reason for such extreme fluctuations?

Dear Sir/ Madam

I just want to know that if we getting a consultancy bill. And he/she is not register under Service Tax even he/she not charging Service Tax on the bill.

Now tell me weather my company is liable to pay Service or not. If yes than what percentage we give me yours valuable suggestion.

Akash Jhingan

The existing Proprietor concern(More Than 10 Years)now converted to firm,how to calculate the goodwill.

what shall i do for becom a rank holder in ipcc examination

salary of a direcor in a comapny is rs 10 lacs p.a.

director do not want to receive salary, as he don't require money now..

now how to present it in financial statements ?
1) unsecured loan from director(but section 269ss of I.T Act, 1961 dont allow book entries)
or
2) Creditors ???

please tell can we pay remuneration of whole year to the director on 31st march(i.e. last day of financial year)?

who is the best teacher for ipcc taxation in west delhi exept ajay jain and m k gupta because both are very costly

Sir,

How can I work out the capitalgain with indexcost.Please give me on exaple. Assume a property purchased on 2009 for Rs. 2.5 lakhs and sold out for Rs. 4lakhs in 2011 How can calculate the net liability.

Thanking you