Can anybody please guide me what dates to be filled in e-form 23AC.The auditor signed the b/s on 30/08/2008 and the AGM was held on 29/9/2008. The date to be mentioned in e-form 23AC are :
1 Date of Board of Directors' meeting in which b/s was approved.
2 Date of signing of b/s by the directors
3 Date of Board of Directors' meeting in which Board's report was approved.
4 Date of signing of Board's report by the directors.

Plz help me.
Thanx

Is it necessary to study every section in mercantile law ? becoz there are lot of sections it is really hard to remind each. pls tell me.

Could pls mail me the asset register as Per itax Act

Can anyone provide me (With Format File) Criteria for calculating Incentives for Service & Sales Team?. Thanks in advance for kind support.

Hi all,
My family has 6 demat accounts and all accounts have certain shares,which we held as investments. We have another demat account in the name of our HUF. So can we transfer all the shares of 6 demat accounts to our HUF account? If yes, what will be the transfer price in the books of accounts and cost of the shares in the book of HUF?
We are planning to trade in eqities in the name of HUF. What will be tax impact?

Thanks in advance.

Dear Experts

As per section 194C, any payments made to C & F Agent is subject to TDS.

However payments to the C&F Agent include following;
1. Reimbursement in respect of various custom formalities etc. inclg freight (Say Rs. 10,00,000/-)
2. his C&F charges (Say. Rs. 75000/-)
3. Total is Rs. 10,75,000

Case 1 - Now suppose he has raised single invoice for both 1 & 2 above, then on which amount TDS is required to be made?

Case 2 - Whether it will make any difference if C&F agent raises debit note for above 1 & his invoice for above 2.?

As per my opinion

Case 1- TDS is required to be made on whole i.e. on Rs. 10,75,000/-
Case 2 – TDs is required to be made only on Rs. 75000/-

Please give your expert opinion…

CA Rohit

Company 'A' is engaged in exports.So it has availed the input VAT (GVAT) and calaimed the same as refund for F.Y. 2007-08. Now the Sales tax dept said no for granting the said refund.Can the company claim the vat of F.Y. 2007-08 as expenses in the current year 2008-09.

how do we draft the balance sheet of an individual ?1st time when he files the return....how we add his assets and liabilities...if he does nt carry any business or profession.

A firm has 3 partners,2partners are having credit balance in thier Capital account the third partner has a debit balance.The firm pays interest @ 12%pa on the capital of the partners,it does not charge interest on the debit balance of the partner having Dr Balance in his capital account.

The Income Tax officer says it is mandatory to charge such interest and cerdit it to P&L account of the firm.Is he correct? If yes ,why?

Hello Experts

I have queyr about a case
the case is "We send some part to outside india for repair and their maintence" and we pay them for the maintenace or repair.

Now my question that Is there any liability for TDS my opinion about it that the service has been rendered outside india and the payment is also made them outside india so there should not be any liability for TDS.

as per latest decision is it required that service must be rendered in India and utlized in india?

is it fall under section 9 or not?