Dear sir plz send me project report for the purpose of term loan for amounting 50 lacs. also mention what are the basic requirement for preparation of project report.

i am qualified chartered accuntant.My mail id is camanojmalik@gmail.com.
your early response would appreciate.

mr a has sold land & registered sale deed on 10 april 2012 and at that time he recieved token amt of rs 5lakh only on 5 dec 2012 he recived entire balance considereation as per agreement clause. He want to invest in capital gain bond if invested on 10 dec 2012 after reciept of consideration amt the exemption u/s 54 ec is available or not

Q-If your Client is crorepati, have ample Money to hold and have good taxable income but dont want to pay much tax. What to do then?

A- Go for bonus stripping in equity shares. note- Under section 94(8) only bonus shares held under the mutual fund units are covered. search for any Cum-bonus shares of good companies in NSC or BSC, Suppose you purchased 1000 shares and it it is rs. 600/share. and its record date is before end of relevant financial year. After the record date you will get bonus share say 1:1, your total holdiing will be 2000 shares now and the share price will automatically get dropped at Rs 300 per share. Sell the original shares at Rs 300 or more your computation will be

Sales consideration (Rs300x1000 shares)
300000
Less-Cost of acqusition (Rs 600x1000 shares)
600000


STCG/ STCL
300000

This Short term capital loss can be set off with current year incomes and your total taxable income will be less and you have to pay less tax.

Hold the bonus shares for 1 year (12 months) and make it Long term capital asset. Sell it through stock exchange and pay STT @ 0.1% your tax will come Rs 300. and you will get exemption under section 10(38).

In this whole process you ll habe to pay only Rs.300 as tax and you will save Rs 89700 tax.

Assumptions taken-
(1) Stock purchased are of good companies like ITC, HUL whose price remain constant due to huge interference of FIIs
(2) Tax savings (300000 x 30% tax)- Rs 300 paid as STT.


Thanks,

Arindam Mukherjee
7890400605

Sir
A person was Promoter Director of private limited company and got resigned few years back.
Now,he is reappointed as director.
My question is while filing form 32 which category should I choose - Promoter/Professional/Independent
Normally, we choose Promoter in case of New Company and the system is not accepting category as Independent(a message showing it is applicable only to listed/public company).
Please solve my problem.

Dear sir,

I have get my service tax registration in april 2010 but due to some reason i could not file my service tax return till date please tell me what is minimum panelty if i continue and if i surrender my service tax registration and for your kind attention i want to tell you that there is no work no service tax liability since 2010 to 2012 there is nil return

thanks in advance

I have two apartments in Bangalore - Both apartment on name of me and my wife, Both co-borrowers.
I am planning to sale one apartment that is not having any loan.By selling this apartment in Bangalore, we will construct house in Pune which will have name of only my wife. During purchase of apartment, all the financial transactions are done using my account only (and no money transfer can be shown using her account.

One more point - the plot where we are building the house is owned by wife's mother and after we build it I would like to add my wife's name along with my mother in law.

1. How will I avoid the capital gain tax (house construction in Pune will have name of only my wife)?
2. I don't wish to invest money in bond etc since entire money is required to buid new house.
3. Is is possible to show some buying of land etc between us to avoid tax?

An Assessee claimed refund for A.Y. 2007-08. However the Refund is not received yet by the Assessee but on NSDL site it is showing that "Refund cheque has already been encashed" on 3rd July 2007. How to resolve such a matter and how to proceed further to get the Refund.

Supposing Mr A has an ancestral property which he shares with his brothers Mr B, Mr C and Mr. D.
Mr. B in living in that house.
Today the property values Rs 20 lakhs.
Mr A decides to take his share in the property of Rs 5 lakh from Mr B.
Mr A wants to invest the same in a new property he plans to buy and give Rupees as initial amount.
What will be the tax liability for this 5 lakh and how it can be avoided.

Rected All,

My one of client is unlisted ltd., Vat Dept. had issued notice & assessment is done with FY 05-06 to 07-08 in which he is beneficiary of Hawala dealer and accordingly ITC is disallowed and penalty n int. is levied.

Now fact of assessee is that
1) it has genuine purch.,and paid by cheque but vendor has not paid vat amt. and not filed return,
2) It dose not have any assets including bank balance,

Now my questions are,
1)Whether Purch.fr. dealer who seems later Hawal is fraus conduct of directors??
2)Whether non-payment of vat as per asst. dues consequences??
3)If co.is liquidated what will happen to assessment dues??
4)Co.having 4 directors, Whether all liable jointly and severally??

Expecting quick reply

CA Jayesh Shah
ph. - 9821470007/9076552290

Consolidation Statement is mandatory for pvt ltd company if mandatory then please refer the section & clause of sebi.