Nancy Bhardwaj
16 April 2013 at 22:13

Accounting standard -11

Hii
Do we covert our investment in non integral operation at closing rate.. If yes..
Then how we will knock off our investment with share capital of holding company during consolidation?
Is fctr on translation of investment is a part of cost of control. ?



Anonymous
16 April 2013 at 21:58

Trade and professional associations

what do you mean by trade associations? what is their purpose also please explain what are professional associations ? what is their objective and who forms them? please explain in detail..


NAMAN AGARWAL
16 April 2013 at 21:57

Tds u/s195

WE HAVE TO PAY SOME AMOUNT TO A NON RESIDENT FOR STALL RENT, ELECTRICITY CHARGES OR OTHERS TO GERMANY, PAYMENT WILL BE MADE FROM INDIA & SERVICES WILL PROVIDED IN GERMANY NO BUSINESS CONNECTION OF NON RESIDENT IN INDIA, IS THERE ANY LIABILITY OF TDS U/S 195 OR INCOME OF NON RESIDENT IS ACCURE OR ARISE IN INDIA OR NOT IF NO PLEASE GIVE A DETAILED CASE STUDY ABOUT IT, BECAUSE ACCORDING TO OUR A.O. THIS WILL BE TREATED AS A INCOME ACCURE OR ARISE IN INDIA U/S 9 & CIRCULER 786 COMES IN 2009 OVERRULED CIRCLULER 728 OF 2000



Anonymous
16 April 2013 at 21:51

Sales tax and income tax audit

Dear Everyone,

We have a partnership business (manufacturing) in Mumbai. We were under impression that Turnover threshold for Tax audit has been raised from 60Lacs to 1Cr. In financial year 12-13 we did sales of 62Lacs.

But our CA has informed us that we will have to do sales tax audit as its threshold is 60Lacs. Only income tax audit limit is 1Cr.

We are confused. Do we have to get sales tax audit done ?


Asawari Malhotra
16 April 2013 at 21:40

Pgbp basis of charge

income derived by a trade, professional or similar association from specific services performed for its members.. please elaborate...


Asawari Malhotra
16 April 2013 at 21:35

Section 28(ii)

(a) any person, by whatever name called, managing the whole or substantially the whole of the affairs of an Indian company, at or in connection with the termination of his management or the modification of the terms and conditions relating thereto;

i was studying pgbp basis of charge.. pls explain the above statement.. the whole or substantially the whole.. so if somebody manages around half or lesser than half of the affairs of the company.. is he not included? plus modification of terms? what kind of modification? increase in pay?

this is the only source for me to get my doubts cleared.. so pls explain in detail..


Mohan Gangwani

Sir
One of my clients expired. His books of accounts are audited and the income tax return has to be filed singed with Digital Signature. At the time to registration of Digital Certificate, Copy of PAN Card of Legal heir and deceased and Legal Heir Certificate are required to be sent by attachment for registration of DSC of Legal Heir. Please let me know the competent authority authorised for issue of Legal Heir Certificate.


CA Vidish D Vayeda

We are Manufacturing Company, we are covered under Reverse Charge Mechanism,we would like to have opinion for following Query...

If our marketing Team is going outside for Marketing Purpose & hires Taxis for Traveling than whether Company is liable to Pay Service Tax on Invoice Amount issued by Car Operator in following cases:-

1)If Invoice is issued in the name of Company?
2) if Invoice is issued in the name of Employee & subsequent reimbursement is made to him/her?

Request you to guide with detailed provision of Act....


Abhishek singhi
16 April 2013 at 20:30

Transfer of articles

Dear All, Please let me know the rules regarding transfer of articles second time in case of one year article ship is over and once transfer is taken already.


Rishi Ram Bhatia

We carry out repairs and waterproofing and some of our clients are private bungalow owners, is service tax applicable for such works or is there an exemption for it similar to construction of bungalows or residential bldg of less than 12 units





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