Company wants to dispose of its assets namely land and bldg, plant & mach , other assets as it has discontinued operations.

Query

a) Can it adjust profit on sale of land and bldg (Block A) agaainst loss on sale of other fixed assets (Block B) for tax purpose ?

b) can it adjust Loss on sale of Plant & Mach (Block C) from profit of Land & Bldg (block B) ?

c) Can it declare this as sale of business divison and thus entire block of assets goes out of books then what is the tax impact?

Plz anyone explain me section 312 of companies act...

Dear Sir ,

If WCT has been deducted from our bills , then we have to submit the VAT or not .

And if the VAT liability is less than the WCT deducted , then shall it be refunded ??

Kindly comment .

Hi friends,

Please guide on -
1. what is the time limit for holding first statutory meeting of a public limited company which is the mandatory requirement for obtaining Certificate of Commencement of Business?

2. What all forms and documents needs to be submitted for obtaining certificate of commencement of business of a public limited company?

3. Is there any specimen format in which the minutes of statutory meeting are to be submitted for obtaining certificate of commencement of business?

What are the rights of doner of a donation given to any charitable trust.

can a religious trust use the donation received by him for a programme organised for celebrating birthday or the samadhi day of their guru, where only the deciple of the guru are allowed to attend the programme and they are paying for the cost of the programme.
Can a trust who has having 80G registration, and the donation received by it is exempted (50%) in the hand of doner, can deny the permission to general public to attand the programme without paying the amount they are charging for the cost of the programme organied by the trust. They claim it as inhouse programme but using the donation received from the general public by them.

I have kept deposit with the bank where i fail to provide PAN, hence bank has deducted TDS @20% and bank are denying for giving TDS certificate.

Now my question is,

1. How I claim the TDS amount which is deducted by my bank.

2. Is there any specific form to claim such types of TDS.

3. What can I ask to my bank for a documentary proof of deduction of tax other than interest certificate.

sir/madam
would the promoter continue to b liable for pre incorporation contracts in case company adopts them after incorporation bt doesnt enter into fresh contrCts!?

Dear sir/madam,
I am working in a firm which is a authorised service station of tata motors but recently we have got more authorisation of wabco india ltd. and ZF steering gear india ltd. previously we maintain one series for sale bill against sale of tata motors parts but now we have to maintain three series.

My question is how can show these three series in wbvat return and what is the rule regarding this issue?

Pls help me with this

one of restaurant given a bill.
calculation is
Rs.1000.00 foods
Rs. 150.00 vat@15%
Rs. 49.40 service tax@4.94%
Rs.1199.40 Total Bill Amt

Is above calculation right or not..?

I have confuse on ST & VAT on same thing.
kindly solve my confusion...