MY CLIENT A LADY WORKING IN A PUBLIC SECTOR BANK-ON HER NAME HER HUSBAND HAS DONE SHARE TRADING TRANSACTIONS I.TAX DEPT.ISSUED NOTICE RAISING SOME POINTS REGARDING SHORT TERM-LONG TERM CAP.GAINS AND REG.SECTION 44-AB I HAVE SOLVED ALL IN LOCAL LEVEL WITH A.O. BY SHOWING BOOKS OF A/CS IN 2010.RECENTLY COM.OF I.TAX ISSUED NOTICE U/S 263 FOR NON-COMPLIANCE OF SECTION 44 AB NOW WHAT TO DO? AS TURNOVER DOES NOT EXCEEDS 40.00 LACS HOW TO EXPLAIN THEM?

I am an pcc student converted now into an ipcc student.
I have an excess leave of 85 days from earlier employer where I had worked for 3 months.
How many days should I take leave for remaining period of 3 years and 3 months so that I need not do supplementary articles?

My client had paid the bills to the hotel as a accommodation charges so i want to know that they have to deduct tds or not?

We want to import new tools from under EPCG. It will installed at our supplier end. But from the said tools those products manufactured same will be sold in India only, as of now no any projections of exports.

But finished product description will be the same as per our other export product. So exporting different product we can complete Export Obligation easily. But no any nexus between tools & export product.

In the above situation can we avail EPCG benefit? Can we close said license successfully without any obligation from any government authority?

Please confirm.

Dear Sir
we have received a notice of demand u/s 156 in consequence of order u/s 201(1) and (1A) . we have correctly paid the tds and file return what to do ? filing of appeal u/s 246 A to commissioner (Appeals) is the only solution? or can we sent a reply to assessing officer? please help me

I had a House Property which was sold, incurring a Capital Gain of Rs.6.95 crores which I reinvested in a residential house property claiming an exemption u/s 54F. My new residential house property has not completed 3 years and I wish to sell the new residential house.

I know as per Sec 54F,if I sell a residential house property capital gain which was earlier exempted will know be liable for tax.

But is there any other way out.

Please Reply.

Its urgent.

WE PURCHASED A SOFTWARE DURING 2012-13 FROM A FOREIGN VENDOR. TO RENEW THE USAGE LICENSE FOR THE CURRENT YEAR WE NEED TO PAY THE FEES IN FOREX. THE VENDOR IS NOT A RESIDENT IN INDIA.

MY QUESTION IS
1. WHETHER THE PAYMENT ATTRACT TDS U/S 195.
2. WHETHER WE NEED TO PAY THE SERVICE TAX AS PER RULE 2 OF SERVICE TAX RULES 2012.

PLEASE CLARIFY.

Hi
In our factory we have taken credit of capital goods supllied at factory in following Manner:
50% in 2012-13
50% in 2013-14

Our provision date of starting commercial production is april 2013.now my question is that can we utilise the credit of capital goods which was availed in 2012-13 for payement of excise duty for the production of 2013-14.further can we utilise 100% credit in 2013-14 or in 2013-14 or 2014-15?

Dear Experts
Good day and greeting
Your expert advice is seeking on the below mentioned matter .

We are in contract with the Swedish Bank , that financed one of our machine of 70000 EURO. In term we accepted 10 Bills of Exchange payable quarterly .
My question is how the loss in the foreign exchange will be accounted for this loss .
Either by :
1)Debiting Machinery account with the amount , or
2)Debiting Profit and loss with the loss.

Your suggestion on this matter will be highly appreciated .

Thank & Regard

Our company is a new pvt. ltd. company wants to issue shares at a premium the face value of share is Rs.10 / share. I would like to know whether I can issue shares at a premium of Rs. 990/share and also what are the procedure that a company shall follow.