viraj Agrawal
21 June 2013 at 11:25

Choosing a group

Sir sir I am not able to decide whether to use group 1 or group 1 and 2 together. I want to know the advantages and limitations of different choice I greatly need your views



Anonymous
21 June 2013 at 11:14

Issue of form 16

Dear Sir,
We issue form 16 to our salaried employees from whom we deduct tax ,this year Traces is doing itfrom our form 24 Q submitted.
But what about employees who dont have Taxable income or any tax liability ,they still require a Salary Certificate for Loan or various other purposes !
what to be done for them,ISSUe a certificate on our own or what and i heard of late Income TAx certificate is only showing TAx amount and salary figure is not being shown!!!!
Please advice.


CA Bhavin Mehta
21 June 2013 at 11:07

Din number logic

Requure DIN nmber logic.

We have PAN Logic as below on same way we require DIN Logic.

A typical PAN is AFZPK7190K.
First three characters i.e. “AFZ” in the above PAN are alphabetic series running from
AAA to ZZZ
Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN
holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H”
stands for HUF, “A” stands for AOP, “T” stands for TRUST etc.
Fifth character i.e. “K” in the above PAN represents first character of the PAN
holder’s last name/surname.
Next four characters i.e. “7190” in the above PAN are sequential number running
from 0001 to 9999.
Last character i.e. “K” in the above PAN is an alphabetic check digit.



Anonymous
21 June 2013 at 11:03

Residential status

A person was a resident upto F.Y. 2012. He has gone abroad for employment in F.Y. 2012-13 and his stay in India for F.Y. 2012-13 is 170 days. What is his residential status.
Thanks



Anonymous
21 June 2013 at 10:57

Uploading form 5inv

"With this notification, the MCA has mandated all companies to compulsorily file
information within 90 days of:
1. holding of Annual General Meeting or
2. the date at which it should have been held u/s 166 of the Act,
till the completion of seven years’ period regarding the amounts specified in section
205C (2) of the Act and also:
1. Separately furnish and upload on its website as also
2. In the Ministry’s website or any other website as may be specified by the
Government"
New formed private co and which has completed 1 years now on 31.03.2012 , is this above is applicable?
if yeas then when private newly formed co, when to require submit form 5INV?



Anonymous
21 June 2013 at 10:49

Llp formation

Dear Members,
Please enlighten me with the steps required for formation of a LLP and necessary forms to be filed with ROC and attachments required. The proposed partners have already taken a DIN. will this suffice or they are required to take a fresh DPIN.

Thank You.


CA Sanjay Baheti

One of my client being an individual has owned a Residential Plot purchased in 1985-86. Hence it is long term capital asset.the he sold the same in 2013-14.the Long term capital gain comes to near about Rs.800000/- after taking benefit of indexation.Now to avoid long term capital gain tax @ 20% i.e. Rs.160000/- whether he can invest the entire gain in another residential Plot or invest in other manner under section 54/54EC of I.T.Act & whichever is more beneficial from tax point of view



Anonymous
21 June 2013 at 10:34

Dissolution of partnership firm

is partnership firm entitle to compulsory dissolution, if its capital account suffer debit balance i.e negative capital a/c. the same is due to excessive withdrawal of funds from firm by partners and which is last for 2 months.

what is the consequence please any body help.



Anonymous
21 June 2013 at 10:30

Deduction u/s 80gg

Can I get the benefit of this section if I am staying under Lease option instead of monthly rental payment provided other conditions are fulfilled.



Anonymous
21 June 2013 at 10:21

Regarding 212(8)

Dear Sir/Madam,

Can u please give me details regarding Statement pursuant exemption granted u/s. 212(8) relating to Subsidiary Companies.:-

Regarding for :-

Total Assets (Fixed Assets + Current Assets)

As per new schedule VI can u send me details which can i add for fixed assets + current assets






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