DEAR WE HAVE SOLD 1 ACRE JOINT FAMILY LAND WHICH WAS GIFTED TO MY FATHER IN AROUND IN YR 1950. NOW WE SOLD THE SAME FOR RS.65,00,000/- ONLY THE SHARE WHICH I RECEIVE FROM THIS IS RS.15,00,000/- OUT OF WHICH I RECEIVED IS RS.8,00,000/- OF WHICH I HAVE REC. 4,00,000/- IN CASH. BALANCE CONSIDERATION WILL B RECEIVED BY MAR.2015. HOW MUCH TAX I WILL HAVE TO PAY FOR THE SAME. I M A LABOUR CONTRACTOR DOING LABOUR JOB AMOUNTING RS.900000/- N FILLING RETURN U/S 44AD WITH 8% PROFIT. KINDLY GIVE THE FIGURE OF TAX LIABILITY WHICH I HAVE TO BEAR.

I have filed a online return on 5th Aug,2014. Later I feel to revise the same. I have not yet send the signed acknowledgement to Banglore. CAN I UPLOAD ANOTHER RETURN (Original - not 'revised' as B-lated return cant b revise) and instead of sending the old Ack., if I send the new Ack to Banglore, whether it will b accepted. or in other words, if the signed ack. is not recv. within 120 days at Banglore, does d uploaded return automatically become invalid. Experts plz Suggest

Dear Experts,

My query is A Private Limited company comprising of two promoters and directors.

One of the promoter/director has died.

The same needs to be intimated to ROC.

As per companies act, 2013, can you please help in providing the necessary resolutions for appointment and transferring the shares of the deceased director.

Practically the company should appoint a director and then resign the director which has died or advice accordingly as the death happened somewhere in the year 2012.

As we are defaulting to provide the information very later, the penalty would be levied.

Can anyone please advice the neceassary steps and resolutions and formats.

Anxiously awaiting the advice.

Regards,
Shahid

Dear Experts,

A Private Limited company has to (belatedly) file Form CHG-1, but within 300 days.

Kindly provide me draft for the following:

Application to RoC for condonation of delay

Please provide draft Application or URL relating to that.

Declaration to RoC for condonation of delay

Please provide draft or URL relating to that.

Thanks a lot in advance for doing the needful.

Dear Experts,

A Private Limited company has created a charge on 25/05/14.

EGM held for shareholders approval as required under Section 180(1)(c) and 180(1)(a) on 25/05/14.

In the EGM, Shareholders approved the Special Resolutions for ‘borrowing limits’ and ‘creation of charge on the immovable assets of the company’.

Kindly reply to the following query(s):

Whether Form MGT-14 should be filed for the said resolutions as required under Section 117(3)(e).

Please reply………….

Whether Form MGT-14 should be filed for the resolution passed by BOD as per Section 179(3)(d).

Please reply………….

Thanks a lot in advance for doing the needful.

1) IF AN EMPLOYEE TAKEN VRS AND DOING SAME JOB (eg. Cooking, Weighbridge Operator, Work in Accounts, Logistics Department) IN SAME COMPANY ON CONTRACT BASIS. THEN UNDER WHICH SECTION THE TDS SHOULD BE DEDUCTED ON PAYMENT TO HIM ????

kindly tell how many leaves can be taken during the 3 year of articleship?? are leaves taken at the previous firm will also be counted in the total..kindly explain in detail please as I need leaves to prepare for the exam

Dear Expert,

my business turnover is more than 1crore in FY 13-14..

I am running proprietry firm.

Whether Wealth tax return is compulsory for me even if my wealth is less than exemption limit??

Please sent me new 3CD form (WORD) format at my mail ID mnsohel121@gmail.com because i have lots of work load. So i want to finish my audit work upto uploading process.

Can a CA in practice allow another CA practising Separately to sign financial statements on his behalf?