Hi, one of my friend got a notice from I.T Dept. stating kindly file ITR for 2010-11, 2011-12, However he already filed ITR for the year 2009-10 & 2010-11. My question is Should he file again ITR for the year 2010-11. & what is the procedure to file ITR for the year 2011-12. His income is nil in this year. But having transaction in Bank A/c for more than 10Lacs, He got notice because of AIR. Kindly guide me in this case......

I am an architect/ interior designer practicing in Pune. I do interior plus civil turnkey contracts. For a contract value of say 1 lakh, how much shud i charge as work contract tax to my client and how much shud be the service tax. I have yet not got a right reply as different tax consultants are quoting different formulas. I have taken both s tax and wct reg. Nos.
regards

Dear Experts I, need expert opinion from the experts. We have paid amount towards web development charges.It attracts TDS or Not and under which head I have to account it. Tally.Net Renewal fee where to account and UPs Purchased it goes to Plant & machinery or computer. Please advise me accordingly. Thanks in Advance.

Dear Expert

Please can you provide an answer to the below query:

''Can a Section 25 Pvt. Ltd. Company Limited by Guarantee and having Share Capital be converted into a section 25 Public Ltd. Company Limited by Guarantee and not having Share Capital.Is such conversion possible under the existing provisions of the Companies Act,1956?''

Thanks & Regards

One of my client has not paid service tax for the period April to December 2012, now we want to pay it, so can we pay it under Voluntary compliance encouragement scheme Interest free ???
If yes what is the procedure to pay it in such scheme ????

Hi all,

A company is started by borrowing loan. What are the journal entries for borrowing loan and then transferring it to capital account?

Dear All,
As per clause 31(b) of the listing agreement, all listed companies are required to file Form A/B with stock exchange in case of qualified/unqualified audit report along with annual report and to be signed by CEO/MD; CFO; Auditor and Audit committee chairman.

My query is that if in any small listed company no CFO/manager accounts is appointed or is managed by an accountant employed in any group company, then who will sign the same or it may be left blank.

Please respond.

Regards

Client has taken loan of Rs. 5350000 from the Director.
The loan is received through two cheques on the same day.One amounts to Rs.5000000 and the other of Rs.35000?
What could be the reason for this? Is this being done to hide the violation of some provision of the Act?

Loss as per P & L is 36000
loss as per TAX laws is 19000

What will be impact?
DTA or DTL?

How much?

Sir
I am a central govt employee. There is a difference between my form 16 and 26 as form . My employer is esic corporation and it had not properly filled the 26 as form yet .when I approached them they told me that its not my only problem it's the problem of entire staff and they are going to rectify it soon . Most of m colleagues have filed their returns even though they had this problem .
What should I do. .....can I file my return or should I wait for 26 as form correction Please answer its urgent