Hello All,

Please find scenario

Partner ship firm having business of web developing, application developing having receipts of 25 lacs or more

Work is also done from third party as job work and salary is paid to employees work in office

Qualification of Partner: Graduation in computer application

Whether income is from profession or business?

my client has planning to take money from foreign investor to set up a new buisness in future. the same is received in currently in the pvt ltd company. the foreigner is just a investor i.e. sleeping partner.
my client has paid up necessary fees for registration of this transcation abou 1.25 lacs.

now my question is.

1. wether a pvt ltd comapny can take a loan from a foreign investor who is not a director, member or relative.

2. what procedure to be followed by the company to take amount from the investor.
3. what document to prepared .
4. which resolution to be passed.
5. can a company first issue the shares to investores and then take a loan is it possibel? because issuing share to him become a shareholder. and then we take money as a unsecured loan.

6. wether tds provision attrated to this.

pls reply as soon as possibel because it is urgent.

thanx in advane.

We are manufacturing & excisable unit. We have not taken service tax for the period from 01-04-2013 to 31-05-2013. Now today, can we take the same.

What is time limit for taken service tax credit?

Thanks in advance.

We are the manufacturer of Lead Alloy & Pure Lead & imported goods from U.A.E & paid custom duty & taken credit of CVD & SAD. But 3 days later, we found 320 Kgs. goods short after weightment.

My query is - When we raise debit note of shortage, should we reverse CVD & SAD proportionately.

If we assume all the conditions, when we purchase goods within India.

Experts are requested to please solve this query.

Thanks.

DEAR,

I HAD STARTED MY ARTICLE TRAINING ON 10/08/2011. I HAD HEARD FROM SOMEONE THAT I AM ELIGIBLE FOR FINAL NOV 2013 EXAM . IS IT TRUE. PLEASE REPLY IF ANYBODY KNOWS ABOUT IT.

THANKS

We are the manufacturer of Lead Alloy & Pure Lead & imported goods from U.A.E & paid custom duty & taken credit of CVD & SAD. But 3 days later, we found 320 Kgs. goods short after weightment.

My query is - When we raise debit note of shortage, should we reverse CVD & SAD proportionately.

If we assume all the conditions, when we purchase goods within India.

Experts are requested to please solve this query.

Thanks.

DEAR SIR

PLEASE PROVIDE THE EXEMPTION & ABATEMENT nOTIFICATION NO. WITH SR. NO. OF BELOW SERVICES.

1) GTA
2) MAN POWER SUPPLY
3) RENT A CAB
4) MAINTAINANCE & REPAIR SERVICE
5)LEGAL & PROFFESSIONAL

THANKS & REGARDS

Dear Sir,

Please clarify the following

in case the trust is not having registered u/s 12a can we file the audit report u/s 10b
and can we show the application of income for that purpose

that trust is having Rs.8,00,000 turnover

Hello everyone,

one of my client has purchased a hotel for rs.20 lacs and incurred rs.300000 for lincese and rs.10 lacs on interior decoration.He has given the same on rent for monthly rent of Rs.50000/-

i am confused as to the taxability of this monthly income ie. it will be taxable under which head and treatment of lincese fees and cost incurred on interior decoration?

waiting for the views of the experts ?

We have purchasing CCTV camera including installation charges for the company use as the invoice including Vat on purchasing CCTV camera and service tax including on installation charges. Now we have to deducted the TDS.I request to experts please tel me on which amount tds is to be deducted and how many % TDS will be deducted.