c form of short/excess amount received from vendor, the question is whether the sales invoice is required to be of the same amount? As one of debtor has issued C form of different amount (some short & other excess) than our sales invoice, invoice no. and date are o.k.Whether or not it will be a problem during ST assessment? Advice.

Dear all,I want to say that every listed company have to publish their report querterly & annual report. Is there any website where I can see this total financial reports of listed company ??

Dear Sir,

With due regard to the wisdom of concerned persons, I have one suggestion on the TEXT of Sub-Section (6) of Section 60 of the Finance (No.2) Bill, 2009, which deals with the TDS provisions u/s 194C concerning the persons in the business of plying, hiring or leasing goods carriages (for convenience say Transporters).

The present text of said sub-section suggests that the Transporters are not required to deduct TDS. For ready reference the present Text is reporduced :-

"No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages , ........."

The present language suggests that Transporters have been taken as Deductors; whereas the intent of the legislation might have been that no TDS would be deducted from the payments made to contractors being Transporters.

In my opinion, the TEXT may be modified as under :

"No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor engaged in the business of plying, hiring or leasing goods carriages , ........."

Thankx and Regards

CA. Sunil Kumar

The director field of the Annual Return(Manual) contains word "PAST AND PRESENT" directors. What does past indicates? Does it indicate since incorporation or only last year?

is audit required for a company having a turnover of less than 40 lakhs. If not who can file the returns. A chartered accountant is necessary to file the returns. Kindly suggest me

Hi Sir,
I wanted to Know about the Following

Say i have taken the loan of RS 1 Lakh from my father & i have invested that amount in Share market.
I have earned short term capital gain of RS 10 thousand.
I am paying him the interest RS 10 thousand(at 10% interest).
My salary is 1.5 Lakh.
So i wanted to know that am i required to pay any tax on the short term capital gain(as i m paying RS 10 thousand as interest) or i get tax exemption.
Is the short term gain & the interest that is paid on the loan adjustable?

Thanks & Regards
Rajesh Somani

Whether Loans given in cash above Rs.20,000/- to farmers by money lender who is holding licence under money lending act can be allowed under Income Tax Act 1961.

I am pe-2 student. I cleared my group-2 but didnt make to group-1.and i exhausted my attempts.
I wanted to know whether i can convert to ipcc. do I have to write all subjects again.
what the procedure and fee details

Board of Directors have recommended final dividend in the board meeting held in the month of July. Annual General Meeting will be held in the month of September. In such a case, when would Dividend Distribution Tax liability arise?



As per Sec 115O of the Income Tax Act, “The Company is required to pay the Dividend Distribution Tax within 14 days from the date of declaration or distribution or payment of any dividend whichever is earlier”.



In above statement, which is the date to be considered as Date of Declaration or Date of Distribution?

if the assesse has only Interest income (from the loans etc.) and no other source of income. which ITR form can be applicable for him?


Please clarify