Dear Friends,

A pvt limited company remove the auditor before expiry of term. It has applied for approval from regional director, MCA. But case is still pending even after 10 days with regional director. MCA portal is showing the status " pending for action".

I want to know, how many days allowed to Regional director to dispose off the approval cases ?

Dear Experts,
Please help urgently, letter for non filing of ITR received.
In AY 2011-12,total turnover in stock trading was as -
Intraday Trading-1.5 lac
Delivery trades-15 lacs
Profit/loss
Intraday Trading- loss of 31 thousands
Delivery trades- profit of 20 thousands

Total Income (from rent and bank interest) was Rs. 1.10 lacs.

No ledger,books were kept only record of buy/sell price & quantity and net loss/profit was maintained and no audit was done.

Under which section 44AB or 44AD income should be shown so that need for maintaining books and getting audit done does not arise ?

Thanks

Hi Dear Friend,
we registered under Maharashtra VAT ACT

Business:
we are importer and distributor of wrist watches. ( Retailer and wholesaler)
at the time of import we pay Customs Duty, Counter veiling Duty (CVD) and SAD,

Can we treat it as Input Taxes or Duty

1. After that at time of selling the merchandise we collect 12.50% vat local and 2% OMS sales.

2. we have hired a space in Mumbai, for that on rent we are paying service tax the land lord.

My query: Can we take set off os Service tax paid on rent of the premises hired for business against Customs duties and CVD.

because these are central government charges.

Please advise.

I had sold non agricultural property in one year after its purchase.
What are the provisions and how i can save my maximum tax?
In which account should i deposit the sale proceeds? Should i deposit entire sale proceeds or only capital gain?
If it is compulsory to open a deposit account then for how long should i keep that deposit and what is the tenure for which i should keep my deposit?

Dear Members I joined in an Audit firm as a full time paid assistant....can i take full time COP now and do some TAX Audits in my name?? can i train any article clerk?? I heard that ther s a exception if we r working in a Audit Firm and can hold full time COP....is it correct???? Please post u r views

hi, can anybody help me in finding CETSH nos. of following goods,
1) Architectural building hardware
2)glass patch fitting hardwares,
3)Door windows hardwares
4) Aluminium extrusion

it will be the great help to give it on urgent.

Respected experts
My total turnover(intrady cash+delivery+FNO) in stock trading in AY 2011-12 was around 15 Lac rupees. On the whole I made a loss of around Rs.10,000(20000 profit on delivery trades, 30000 loss in intraday) in stock trading.
I was told that if your profits are less than 8% of the turnover or you made loss, than you have to get the audit done.
My toal income for the year(rental from house property+bank interest) was around 1 lac, 20 thousands, hence below taxable income.
Was I wrong in not getting the audit done ?
If so what could be the consequences ?
Thanks in advance

1) A Builder registered under Const. of Residential complex is he required to charge service tax on construction of buildings for educational institutions such as schools, colleges, etc? If Yes, since when?
2) Will Gross amount to be charged under the Works Contract Service include the amount of material provided by the service recipient?

i have joined articles on 23rd august 2012 and now being unhappy with work here i want to transfer my articles. what is the time limit in which i shall have to join another ca after taking termination? do i need prior approval of the institute for transfer or can i directly send form 109 signed?

On behalf of my Private limited company, I deposited an Advance tax for A Y 2011-12 of Rs.190000/-. As IT Deptt. not received the amt of Adv Tax they issued us an intimation u/s 143(1) and order to pay demand of Rs.156594/- correspondingly adjest the refund amount also.
The Date of Intimation was 28/01/2012. On further verification it was found that the Bank had not paid the said amount to Income Tax Authority and now they are ready to pay the said amount of 190000/- to us. As the bank is ready to pay the amount back to us, Then we have to pay the amount to I Tax Deptt. along with interest.
Will we have to pay the interest from the date of intimation (28/01/2012) till date.

Plz Reply Its Urgent.