can anyone tell me what is the rate of withholding tax rate on the amount paid to US based company (having permanent establishment in India) and the payment is in the nature of business income (neither interest income nor dividend income nor fees for technical services)........

in form no 32 what should be entered in category of directors? professional or independent? and why? please reply

Hi,
This is phani. I had cleared both groups of ipcc and wants join in articles. Actually I am interested in tax and forensic investigation. Is it possible to join directly in that wing. Is that wing exist in any firm practically . Can u tell me more about forensic investigation wing

Hello everyone,

it is normal in case of a pvt co. that members who are also directors transfer funds from company's bank a/c to their personal bank a/c for personal use.

since loan or advance by a company to its directors holding more than 10% of shares is treated as deemed dividend and is taxable in the hands of the director and company is also supposed to deduct tax at source.

can we do the following tax planning
1. appoint another person as member with say 1% shares and whenever director/members need funds they can do so by first transferring from co a/c to to his a/c and then they can withdraw from him.

Is it practically possible or there is any better way of tax planning ??

waiting for the views of the experts

Sir/ Madam,

One of my clientele (a private limited Company) would like to purchase a forest under Maharashtra Forest Acquisition Act 1975.
The Memorandom and Article of association of the company is not having objects clause for purchase of forest and cutting trees and export of wood.

1.Kindly, guide me in drafting objects clause for the same.

The existing business of the company is of cold storage.If the directors want to add the additional main object there will be change in name of the company.

If we add the object in other business and after earning profit more than 50% make the same as main object...guide.

I gave first group in Nov,but couldn't clear. M planning to give both the groups in may 13 . I need help in planning my study schedule in details,as to which subjects to start with out of the 7. Please help.

Hello everyone,

i have to do audit of a pvt ltd co having authorised capital of rs.100000/- for the fy 10-11 and 11-12.

i want to know the due for filing form 23B (DATE OF EVENT) appointment of auditor for fy 10-11 and fy 11-12 so that i can calculate the late filing fees and make provision for the same in the books of accounts.

sir,
actualli igot 270 marks in first group and i have failed in second group at first time when i attemted in november 2011 and then started my articles then i did not attempt for ipcc 2nd group for next 2 attempts , my query is how many marks should i get to qualify ipcc 2nd group now in may 2013 attempt.

i have in my mind that i have attemted both groups in nov 2011 and got 270, so now i can get 40 in each subject to qualify 2nd group because i got excess marks in first group.

please find above query i will thankful to you sir.

with regards ,
kancham bhaskar reddy.

i have taken conversion from pcc to ipcc in july 2010 and at that time i have terminated my aricels training(completed training is 2 years and 9 month) now i cleared ipcc and want to register for final and re-registration of articles training for remaining period... so how much amount of dd i have to sent with form no.103 and 102..
whether rs 10000 or rs.12000

Respected Sir,

Please, Provide formate of MOA & AOA related to paper industry.