ABC pvt. ltd having paid up capital more than 1 crore enters into contract with director relative for purchase of goods and not obtained the permission of central government.Further, company sold the goods to third party.

Now my question is whether this contract is void ? If so, then wht will happens as you know goods are already sold.

If a pvt. company (having paid up capital of Rs. 1 crore )enters into contract with its director's relative for purchase of shares of and not obtained the central govt. approval. Further, company sold shares (acquird frm director relative ) to third party.

Now my question is :-
1. Whether contract is void and if contract is void then wht will be the impact with sale of shares by the company ?

Please let me know which is better Company pvt ltd. or limited liability partnership .

Thanks in advance ..................

I am providing both Taxable as well non taxable services. Till now I was not maintaining separate books of accounts due to which I was able to avail cenvat credit of service tax paid of only 20% of what was available to me. Is there any change in this budget relating to the availment of credit of service tax paid?

Hi,
I cleared CA Final in Nov '08 and applied for membership in March. Also I got to know my M.No. over phone.
Can I get the membership certificate in the convocation to be held on 21st June? Or, can I get only the pass certificate over the counter?
Pls. clarify.

Sir,
I am working with construction company where initially VAT was opted in normal scheme as there was no existense of WCT.For the financial year 2006 - 07 and 2007-08 , we had filled return in the normal scheme (means taking the input credit) but now we had calcullated that if we switch over to WCT Composition scme then there is lot of savings.

Please guide us can we switch over to composition scheme in the mid of contract??

We have investment of 26% of foreign company in an Indian company. Indian company has appointed non exective directors from this foreign company(based in Japan) . We have to reimburse travelling exps of these directors for attending meeting also to pay sitting fees to them. As per DTAA between India and japan it is written that sitting fees may be taxed in India.

Can u please reply as to withholding tax on reimbursement of exps and sitting fees to non executive non resident directors of an Indian company

Dear Expert,

I am dealing one refund case where,Assessee has filied income tax return with refund,same refund as been processed by IT department refund cheque has couried to assessee home,but assessee expired before courier comes,refund cheques was returned back to IT department.now wat procedure to approach IT department to get the refund cheque in the name of Wife

I would like to know the procedure for claiming the Income tax refund of deased assessee by legal representative or legal hair.

Can we use Share Application Money before allotment of shares?

whether tax deducted from material testing fees & what's the percentage? the party who do both the work labour work & material testing work , how to apply tds provision here. only 194c apply or 194c & 194j both apply separetly.party issue separete bill then how tds will apply.