A company send us goods to their warehouse and we supply goods as per their instructions. our role is to keep safe their goods and input and output management of stock.
company pay us as per input / output quantity.
should i file service tax return. if yes, what percentage should I charged ?

Respected Sir/ Madam,

We are seeking your help and valuable guidance for the understated circumstances:

While we are filing up the ETDS Form 26Q (Q3- 3rd Quarter) for the Financial Year: 2012- 2013 in RPU software, due to clerical mistake, we have chosen Q4 instead of Q3.

It was come to our knowledge after filing the said ETD return to NSDL TIN FC vide PRN: 030080700538674 on 14.01.2013. As we have one more day to file the ETDS Q3 (3rd Quarter) in time, immediately we filed the proper ETDS Return for Q3 (3rd Quarter) on 15.01.2013 vide PRN: 030080700544086 to NSDL TIN FC.

Moreover, as the Challan Details and Deductee Details are same and identical in both the Returns Q3 and Q4, it has been considered overbooked by the Income Tax Department.

Now my object is to file the Revised Q4 (Revised 4th Quarter) Return so that the Challans and Deductee Details be deleted from your record (as the same has already been filed in 3rd Quarter).

Therefore, I am seeking your help, instruction and valuable guidance so that the wrongly filed ETDS Q4 (4th Quarter) Return be deleted from your record and we can file the fresh ETDS Q4 (4th Quarter) Return in proper time.

Your kind cooperation in this respect is highly solicited.

Thanking you.

Yours truly,
Srikanta Adhikary

I need an expert advice in this matter. actually one of our client company is failed to file its annual returns from the F.Y. 2008-09 till date, so that the director is being defaulted in MCA site.

In F.Y. 2007-08 Paid up capital was 500,000/-

there was in the financial year 2008-09:
By adding the info:

1. X Ltd purchased it 25% shares
2. Y (P) Ltd purchased its 25% shares
3. Z (P) Ltd purchased its 25% shares

What is the company status in this particular year?
Will there any deemed public co. status?
Will any holding subsidiary relation?

Thanking you in advance.

Best Regards

What is the minimum time gap between two issue of bonus shares?
Is there any specific provision for private co.?
and related conditions?

Dear all,
We used to import goods from a certain foreign manufacturer under a contract. A clause in the said contract stated that the title of the said goods shall remain with the said foreign manufacturer until the entire sale consideration of the goods were not paid off by us. In this situation after the goods were brought into our country but before we could pay off the entire said sale consideration towards the foreign company; the bonded warehouse were the goods was stored was burned down in a fire incident.
In such situation can we claim ourselves to be the importer of the said goods? In what legal relation do we stand in respect of the said goods which perished in the fire?
Regards,
Sagnik Sanyal

XYZ company has purchased bonds 9.25% bonds costing Rs. 5000000 at Rs. 6000000 at premium in FY 2010-11, and claimed the amortised bond premium over 5 years Rs 200000 p.a. under allowable exp. Now IT department wants to disallow the amortisation of bond premium.

CAn someone give me a case law supporting allowability of the premium claim or it is to be disallowed?

Hi..
During the course of our Audit we Observed That certain fake notes were received from the customer for the service done by our Client....They treated it as cash expenditure and book under Misc Exp Head....Pls explain the treatment of the same?????

Can any one tell me, if a unlisted Public Company want to reduce the remuneration of Directors which is going beyond the ceiling prescribed under section 198 and 309 then what is the compliance under companies act?

Sir,
If a company besides having a seperate department of stationary , outsources the same to an outside agency dealing as stationers ,
will it attract section 194C.

Interest income upto Rs 10000, from savings bank accounts will be exempt.Does that mean that banks will not deduct tax upto Rs 10000 of interest income earned by the account holder or the bank will continue to deduct tax & the taxpayer will have to claim the exemption in his/her return of income?