I FILLED 109 FORM ON 25/04/2013,MY ARTICLES JOINING DATE WAS 26/04/2012.IF I SEND THE FORM 109 TODAY(23/05/2013) what are all the consequenses. i will be thankful to all who gives me reply.

Mr. A – has a property in India which was purchased by him in March 1992 @ Rs. 5.21 Lacs. Now he is UK Resident aged around 80 Years. Now he want to sell the property but cant travel to India. He is willing to sell the property @ Rs 1.68 Crores.

Option 1
If Mr. A authorized one person in India through POA to sell the property & that POA Holder sells the property @ 1.68 Crores. If money is paid to POA Holders account as mentioned in POA. Then who will be liable for Capital gain. Seller who is there in UK or POA Holder & what will be tax amount & its calculation.

Option 2
If Mr. A personally visits to India & sells the property then how the payment can be done to him as he don’t have any account in India. Can the purchaser make the payment in his foreign bank account . Is that allowed under FEMA / FERA. What will be tax implication & tax calculation.

Option 3
If Mr. A not coming to India & sells the property through POA Holder @ 1.68 Crores but the payment is not done to POA Holder. Can the purchaser makes the payment to Mr. A’s Foreign Bank Account. Is that allowed under FEMA/ FERA. What will be tax implication & who will be liable to pay tax & where. What will be tax calculation.

Regards.

Satyam

Please suggest I am wrongly booking Rs 2600/- towards double expenditure of house rent in F.Y 2011-12 ( 2 times j.V passed) but in F.Y 2012-13 I know the expenditure wrongly booked . Can I cerdited the above debited expenditure a/c head in 2012-13

I got a notice under section 143(1), for arrear demand of Rs. 494 for the assessment year 2008-2009, even after my tax liability was zero, so I gave an application to the concerned A.O., with all the supporting documents, so they made the correction accordingly in the system on dtd. 29/04/2013 and as a proof they gave me the rectification order in which the tax demand is shown zero, but even today it is not modified in the outstanding tax demand which is last modified on dtd. 21/05/2013, shown on the income tax department website in my account, so please give me guidance about this.

I have paid a freght of RS 260764/- by cheque . Transporter has provided me the pan card details, i checked the validity of the pan it is a valid pan. But i have not deducted any tds. Am i liable to deduct the tds? i am confused...as the p rovision was if the transporter provides the pan detials the tds need not be deducted...but theere exists the thress limit of 30000/- for single payment and 75000/- the the per annum payment...what to do?

Sir,
We have filled client return on 01/07/2012 claiming refund of Rs. 10319/-, ack of which is received by CPC on 16/07/2012 but same is Not yet processed.
But return filled even after due date which have NIL refund or small amount of refund have been processed by CPC.
So What is the remedy with us in this case.

Dear all,

Please provide me some clarity on the Yield part of dividend on Preference Shares and also please throw light on the provisions related with this subject matter.

Further please tell me whether any provision has to be created for payment of this yield.

Many Thanks in advance.

Sir,
We have filled client return on 01/07/2012 claiming refund of Rs. 10319/-, ack of which is received by CPC on 16/07/2012 but same is Not yet processed.
But return filled even after due date which have NIL refund or small amount of refund have been processed by CPC.
So What is the remedy with us in this case.

Hello,

A Pvt Ltd Company wants to enter into a partnership as a partner along with some other partner(s). What are the compliances that it needs to do and things that arte to be kept in mind? Is there a particular Form to intimate to the ROC/MCA in this regard?

Hello,

I recently joined a small private company about two months back. i.e. 5th March 2013

Since I need to get a car loan, I was told to submit a form 16 by the bank officials if I could. Now I joined this company only 2 months back. My employer told me to get it filled on my own, and it's very confusing how to get it filled.

My basic salary is Rs 22,800.
Rs. 200 as DEDUCTED as Prof. Tax

Could someone pls help me how to fill form 16.