i have heard that if there in nil tds in any financial year quarter than we dont have to file nil tds return but as per dicussion with our income tax (tds) jurdiciation officer who has send us notice of non filing of tds return in fin 2011-12 he said that if u dont file nil tds return then we will come to verify tds returns at ur place so what u suggest we have to file the tds returns if there in no tds or payment in above financial yr or no need to file tds returns if nil

I am providing service as a money transporter in Surat(Gujarat),also having branches in small villages of Bihar, Rajasthan and Madhya-Pradesh; money transporter in that context that we receive money from the labour class or lower class salaried people of Bihar and Madhya Pradesh.And thereafter their families living at the respective villages collect the money deposited by us in Surat.

We receive a very nominal fees from our customers, on which we collect and pay applicable service tax.

Now i am trying to expand this business and provide my customer more services as like funds transfer to their said account,their villages,payment to and make receipt on behalf of my customer..

I will be providing this through my current account held at Bank of Baroda,and in this regard i inquired to my banker.

My banker said that they have no objection unless and untill they are not inquired upon this..

So my query is that is there any provision for providing such intermediary services, such as obtaining a license under NBFC norms, or formation of a company?I want to know the legalized way for expansion? please help me in this regards

Can anybody will provide me the Draft MOA/AOA for stationery & printing Pvt. Ltd. Company.

I have a query regarding the capital gains tax on shares.
My mother sold some shares at a profit of 50% in the same year in which she bought it.. Her income is less than 1.8 lakhs and hence she is not required to pay taxes. But i would like to know how will the short term gains be considered from stocks and how will it be taxed?
Will the short term gains be taxed at 15% regardless of an individuals income or it is added to the regular income of an individual and taxed at that slab?.. So now please guide me about the taxes my mother may have to pay on her gains of about Rs30000..
THANK YOU,
AJAY B

how to reconcile tds in audit and heck actually if paid or not? plese let me know?

What is the due date of payment of Service Tax for PVT LTD CO. if invoice raised on quarterly basis dated 1st day of 1st month of quarter.

how can we treat profit on sale of commercial property on which depreciation has been claimed in earlier years. Can this profit be set off against brought forward business losses. If so, please quote case law if any and under which section the same can be set off.

Thanks
SURESH

A company needs to make membership contribution to an institute outside India of 1000 US Dollars The membership period is from January to December of the Calender year... The invoice date is mentioned as 5th march and received to accounts after closure of books the payment is made in the month of May of the respective financial year...

While closing the entries in the books for March, the outstanding provision has made without considering the exchange rate of Rs.3,75,000/- (April to December) and Rs.1,25,000/- to the expenses (January to March)

After the final payment the outstanding amount was nullified and the balance is booked to the expenses without looking into foreign exchange fluctuations...

Please advise, whether foreign exchange loss to be booked for the above transaction in the books??? Is there any deviation from AS 11

Dear Experts,
I am an Advertising Agency(Pvt.Ltd. Company) under reverse charge mechanism I have to pay s.t. on Security Serices Recd.
Do I need to have Obtain Separate Registration. for filing return.
Thanks

Sir, we are registered in Excise. We want to Export our finished good worth Rs. 40K-50K. Our Mostly Sale in Domestic. We have Import/Export License. Please tell me that can we make the export bill without Excise duty charged, without LUT? or the intimation will be given to our Excise deptt. before Export?

Thanks.