Hi,
An XYZ Pvt Ltd has 3 directors. The company is selling 30% of their shares to another person Mr.ABC with equal share from each director(10% each). Share value is identified and agreed on both the sides.

The understanding between the company and the intended new director is that the price identified is for buying stake in the company and any further investments will be shared among the directors (all 4 of them) according to their stake ratio.

Now, once Mr.ABC pays the agreed price for stake in the company and all legal procedures are followed, can the existing directors of XYZ Pvt. Ltd. can take out their respective legal 10% stake value received from Mr.ABC.

Please let me know. Thanks in advance.


Thanks

i am a dealer in karnataka registered under cot scheme for civil works contract. as per our friends instructions and service tax official instruction i have raised my contract bill 60:40 ( 60% for material and 40% for service).accordingly i have collected service tax and since i am cot dealer i have not collected vat. However on 60% of the invoice value i have paid vat. now one on vat audit official asking to pay on 40% of the value also. is it liable to pay. kindly guide me in this regard.

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the partners are paying 2500/- annual payment for PT

Does p'ship firm liable to deduct PT from salary of employees??

Reply asap

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sir
if a company pay to his emp. salary Rs. 25000/- per month in cash.
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Dear Experts,

Please let me know in how much days i will get confirmation from ICAI regerding conversion in direct scheme & can i start my articleship before getting confirmation from ICAI as i am existing IPCC student and also done my ITT & OC training .

1 of our client has got notice of profession tax for registration and enrollment.
the firm has taken enrollment no. PTEC but not PTRC, and they don't deduct PT from salary of their employees.however, all partners paying PT of 2500/- every year.

are they liable to deduct PT from employees? if yes what is the remedy in this case?

Service Tax of Rs. 268/- (260+5+3) was short paid in the Month of Oct-2012,

However same has been paid in the month of July 2013 with applicable Interest

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