Employer who had deducted the taxes on salary & not remitted the taxes for the wholhoe year & the in the company is in the process of closure. What would be the status of Tax Credit to the employee ??

can any one explain me the procedure of conversion of propriety firm to private limited company

I want to know whether it is mandatory for the Pvt and Public (Listed and unlisted) Companies to prepare cash flow staement?????????

What r the responsibilty of STat. Auditor of the company, where, the company has neither get registeration of Service Tax nor depositing Service tax on freight paid, though service tax is not being separtely shown in consignement note.

Should he disclose the same in Tax Audit REport.

A pvt. Ltd. Co. incurs Rs. 39000/- on a trip for the enjoyment of employees(Only employees not their families). This exps. include bus fare Rs. 32000 and the balance is for their food etc.
My querries are
1 These expenses will be shown under which head of income....
2 Whehter these expenses are charged to FBT.....
Please answer as it is very urgent.
Thanx a lot

Dear Professionals

Pls help me in solving the following query on the provisions of Income Tax Act, 1961 (TDS related provisions)

Section 272B talks abt the Penalty for failure to comply with the Provisions of Section 139A of the said Act.

& according to Section 139A(5A) Every person who is receiving income from which tax has been deducted (i.e. TDS) is required to intimate his PAN number to the Deductor.

& under Sec139A(5B) every deductor is required to mention PAN of the deductee in various returns & payment to Department.

Noe the Query is :

Will the Company be in default if the deductee doesn not intimate or gives wrong PAN to the Company i.e. deductor?

Hw the Company file return if deductee doesnot intimate his PAN to the Company since mentioning of PAN number of deductee has been made mandatory?

Best Regards
CS.Deepika Bhardwaj

If an auditor gives in writting his unwillingness to be re-appointed as auditors of the Company then special notice is required?

from 1st April 09 onwards whts is the procedure to make TDS payment.

we Deposit TDS in Bank using Challan No 281 for the April month. Wht is Form No.17

for depositing the TDS payment wht is the procedure.. which challan we have to use.

wht is unique transaction number (UTN). & how we can get this. we r not depositing TDS electronically.

pls clarify all th issue regarding depositing the TDS in to Bank

clarification of notification no.34/2004 dt.3-12-2004.
1- what is mean by individual consigment.
2- If a trasporter carry different parcel for different person and each bilty is less than rs 750 but truck carry goods on which transportion charge is about rs 70000 to 80000. whether transpoter is liable to service tax or not.

Dear sir
At the time of application for PAN i was in Gujrat where they are using father's name as a middle name of the person. So got PAN card in the name of PANKAJ SATISH CHANGRA MISHRA"
But my name is "PANKAJ MISHRA" At the time of opening bank accounts i had not face any problem banks opened my account in the name of "PANKAJ MISHRA" on the behalf of my address/id proof of "PANKAJ MISHRA" alongwith a supporting of PAN also.
But now when i applying for share trading account and D-mat account respective company opened my account in the name of "PANKAJ SATISH CHANDRA MISHRA" As mentioned in PAN.
After some transactions i got cheque from share trading company and they issued the same in the name of "PANKAJ SATISH CHANDRA MISHRA" But i am having all my accounts in the name of "PANKAJ MISHRA"
Please advise whether i shall open new bank account in the name as per PAN or i have to change my name in PAN card through required procedure.