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GANESH DURAI IYER
08 October 2008 at 22:23

Medicines meant for Personal Use

Whether export duty will be applicable on Medicines meant for Personal use. Whether the consignee has to pay duty at the time of collecting the medicines?


Rishi K
08 October 2008 at 19:07

Salary restructuring to save IT

One of my client, 60, is getting a monthly fixed salary of Rs. 50000/- pm (Rs 600000/- pa). Other income include VRS pension Rs.1,50,000/- pa, Interest - Rs.4000 pa, Dividend Rs.12000 pa.

How he should get the salary re-structured from his employer to get maximum IT benefit. Pl offer suggestions with different options.


balasundaram

Dear sir/madam,

I have been engaged proprietorship business (Works Contract). IT returns filled on the status of Proprietorship up to 31.03.2008. We have entered Partnership w.e.f. 01/04/2008 there is no change in the Name of organization. And again the firm converted in to PVT LTD company with other Name (as per Company law PART IX conversion). In this case

We have taken PAN & TAN on Firm name, but the PAN & TAN was allotted on 02/06/2008. So in the April month TDS amount (which deducted from sub contractors) paid on 06.05.08 to Govt. on the Proprietor ship TAN (only one month) due to delay of new TAN and next preceding months paid on the Firm TAN and eTDS returns filed 1Quater for April month on the proprietorship TAN and next two month on Firm TAN

The firm converted in to company from 15.09.2008.

Now I want to clarify following things

1) how can I file the IT returns ( up to april 30 – proprietorship, from 1 may to 15 september – Firm, from September 16 – company) or

2) can I file the total year on the name of Company, if yes

3) how can I issue the TDS certificates, which TDS Paid in the Proprietorship, Firm

4) explain the Firm closing procedure (i.e. ware we will surrender the TAN, PAN and with in how many days we will be surrendered )

5) if any posibility for refund please explain the proceedures

6) if required seperate returns, i want to combained Turnover for bank purpose, any procedure for combained the Turnover pl. explain

Please explain the all things in detailed. I think it is very rare case. ( I was discussed with auditors, they were not justified)

It is Very urgent
I am waiting for your vary valuable information

Thanking you

Balu


CA Praveen Chopra
08 October 2008 at 17:00

Excise duty on sale of imported scrap

Is there any excise duty leviable on sale of imported scrap in the india


NIRU TULSYAN

can anyone help me with thie querry??

a pvt ltd co. has increased its share capital for which it has paid Rs.195000 towards ROC filing fees. Whether this entire amt can be debited to P/L??what will be its treatment as per the co's act as well as IT Act??


Prasanna Bhat
08 October 2008 at 15:46

Advance tax

IS the advance tax concept is still applicable to the companies or it has been replaced by mat pls let me know


Prasanna Bhat
08 October 2008 at 15:45

Pre-operative Expenses

Last year balance sheet we had shown as pre-operative expenses but this financial year we are shutting down the operations of the company so can we show the previous year pre-operative expenses as loss pls let me know


sunidhi
08 October 2008 at 15:42

Procedure of income tax

hello can anyone tell me about Income Tax. Whole procedure of tax.


harshil
08 October 2008 at 15:40

3CD Report

If party is exmpted from the limit as per Section 44AB
then Is it necessary for AUDITOR to make the 3CD Report ? ? ?


harshil
08 October 2008 at 15:36

Service - Tax

If party is purchasing machine from China,
and Then Service Tax is Charged AS PER Service Tax rules then
Can I advice the party to change the theme of bill for exmpted in Service Tax and I tell to china perty to Specify that the bill is for Researche & Development, So Party get Exmption from S.T
Is it good for Service-Tax?????
Isn't it any Legal problem faced by Party????






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