We have a problem in tds. we are contractor and we raise bill on company and company less its amount by charge DEBIT NOTE for crain hire charge.
So we are require to deduct TDS on such debit note amount in 194C or not.
If yes then what amount ?

Sir,
There's a private limited company of authorised capital of 25L..out of which 24L is subscribed..now further i wanted to know that can we increase the authorised capital of the company and we have to issue the balance 1L share capital can we..whats the procedure of all this..In that company there are 2 directors with 63% and 25% share..The director who is having 63% share creating troubles in smooth functioning of the company..so what all rights hw have and can he access them without the consent of the other director..Can we increase the share of the other director by issuing more shares oh his favour..??or is there any other remedy available to the other director..??can he remove the director from the company,as he is not ready to leave the company..Plz help me regarding this ASAp..!!

Query on Service Tax

Dear Sir,

I have a query in reference to my C& F Agent’s Service Tax.

My client is a C&F Agent of ABC Limited for Gujarat State.

Being C&F, my client pays freight which is reimbursed by ABC Limited.

As ABC Limited pays Service Tax on Reverse Charge basis, my client C&F agent is not required to pay Service Tax. But recently, service tax authorities under pre-audit instructed us to prove that ABC limited is paying Service Tax on reimbursed freight or not. ABC Limited gave an undertaking letter to my client C&F agent regarding their payment of service tax on freight.

The big issue for us is that ABC limited has several C&F agents for different states and it would be very difficult for them to appear before ST authority here in Gujarat and prove their payments in relation to Gujarat C&F Freight reimbursement.

The ST Authority has told us that if we are not able to prove about ABC Limited’s payment, the whole ST liability would come to my client C&F Agent.

Please suggest some solutions as to how to satisfy the ST authority.

Regards
Bhargav

Sir I would like to know can I take a break from articleship for a few months. Due to some personal reasons I had to take a transfer from my principal. I wanted to know if I can re-register myself in the same firm? Can we do that? And will my articleship not be terminated if I stop for a few months n then start again? Right now I have taken a transfer already from my principal. Sir please kindly reply. I would be really grateful if you do so soon.

A favourable order was passed by the Karnataka High Court in ITA No.783/2008 dt.27-8-2010. Can we get to see the Tribunal order which must have been passed some time during 2008?

DEAR SIR,

COST AUDIT REPORT IS SUBMITTED TO THE MANAGEMENT , WHETHER IT IS ADVISABLE OR MANDATORY NOT TO HAVE THE CIRCULAR APPROVALi.e CIRCULAR RESOLUTION OF BOARD OF DIRECTORS

If wholly owned subsidiary company gives loan to its Holding company, then will this transaction attract the provisions of section 295 of Companies Act, 1956 or not.? and also give the violations of this section

Both companies are Public Limited Companies

Expert Please Give your Comments

Dear All,

Kindly suggest me which sections are applicable of Companies act if a public limited co. accept cash as a unsecured loan from others. Also suggest the scope of Sec. 58A of the Companies Act 1956.

urgent reply

Dear sir,

One of my Client, a limited company is making gratuity provision based on acturial valuation report and they are not maintaining any fund for the same.
Whether the amount is inadmissible under section 40A(3) Rule 6DD mentioned in tax audit report 44 AB.

Pl reply
Thanks

Wish to start a business as a Contractor to govt. organisations for civil work as construction as a Sole Proprietor. Pls suggest what the legal obligations required.