A Share Certificate bearing No. 1 for 10 shares of Rs. 10 each and having denomination no.1 to 100.It is now split into 2 certificates of total value Rs. 50 each.Whether denomination Nos. now will be from 1 to 50 and then 51 to 100 or from 101 to 150 and then 151 to 200.
Would like to know how can i give maximum benefit in HRA
For example:one of our employee details _
1.Monthly HR allowance : 6922 (40 % of basic)
2.employee is paying rent of 12000 pm
3.employee gross salary is 7.71 lac + 1 lac is bonus.
Pls note the above is per month details of an employee. Help me to know how much exepmtion can given to employee for this financial year.
Thank you.
what is awarders return in sales Tax/Vat?Is it related with works contract?Please explain
There is a column (Point No. 26) for deduction under chapter VIA in the tax audit report.
We usually write ' as per income tax return'
But there is no provision to write such words in the offline forms that are to be uploaded.
So, while uploading, if we select 'no', and do not mention any deduction to be claimed,
Can we still claim the deduction in the ITR?
or the deduction is available only if we mention it clearly in the tax audit report?
I am importing materials from japan which are to be used in manufacture of goods which are then exported.
My query is that while importing materials, whether I am liable to pay custom duty ?
Is there any way to avoid custom duty payable on port ? Because I am exporting the goods
Also guide me difference between duty drawback , rebate and bond while doing the export
Dear sir
one our client is Manpower supply consultants
one of his customer is operating Multi store super market like Reliance fresh he will supply his employees to carry out the grading and sorting of agricultural products (vegetables, fruits ) based on the quality and size for this activity service tax will apply
Thanking you
we are manufacturers.we are preparing invoices rule 11 of central excise rule 2002.is that single invoice is enough for sales tax complience?
For doing exports which option is better and safe?
DA
DP
or LC.
Dear Experts,
My client had purchased a 10 acre agricultural property in 2004 for Rs.25 lacs and spent on leveling,development, and construction of wall through out etc etc and the total cost of the land came around 47 lacs, and in the year 2007 she sold the property due to some dispute from the villagers to a prospective buyer for an amount of Rs.85 lacs as in where is basis. whereas the registration value as per sub registrar was 1.84 crs. for which the buyer after having negotiated paid 85 lacs in full and got the property registered for the sub-registrar value and paid the stamp duty accordingly.
Now my client has been served on a notice u/s 142(1)to produce relevant return of income from 2007-08 onward and pay the capital gains on 1,84 lacs- 25 lacs. The ITo is not ready to accept the sale consideration of Rs.85 lacs at any cost. he says it is done purposely to avoid capital gains.
Dear experts kindly advice on the same.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Splitting of shares