Hardik Raval

Can anyone help me to get CS Executive centerwise result for June 2011. Actually in my center i am among top 10 but neither chapter office is giving me my rank nor institute is giving my rank in my center.
Can you please help me out its important for me.

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Anonymous
26 March 2012 at 22:44

Employee provident fund

Dear Sir,
I am having a query on EPF account.

If I withdraw amount for a Home (Purchase a flat) from my EPF account and at the time i also declare that the house is free of encumbarances. now after that if i take a home loan should there be any issue ? with EPF act.

can i again withdraw the amount to repay the same home loan if from nationalised bank.

kindly advise.

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bhagu_kp@yahoo.com
26 March 2012 at 16:02

Agricultural land or not

A land is situated in a village area having a population less then 10,000 and 2kms outside from the municipality limits of a big town. Is it an agricultural land or not for the purpose of income tax under capital gain?

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P.C. Joshi

Dear friends,

A private limited company wants to allot shars to its promoters to the tune of Rs 15 crores against unsecured loan provided by promoter to te company on various dates since 2000. As far as I know tehre is no restriction under the Companies Act to allot the sahres against unsecured loan. Pls confirm. Also I need a clarification of the following points.

1. Whether the shares allotted against unseucred loan to a promoter is treated as allotment against cash or allotment for consideration other than cash.

2. Whether the unsecured loan should be trabsferred to share application money and then allotment of shares should be made or straightaway we can allot the shares against insecured loan.

Looking for your promot response pls.

Thanks

P.C. Joshi

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Pardeep Jain
26 March 2012 at 15:16

Depreciation

Can the company charge depreciation for the full month even if the additions is done on the last day of the month. Also can the company charge the depreciation for the full month even if the assets is sold on the 1st day of the month. It has been mentioned as the accounting policy of the company.

For Example - In case company purchase computer on 28th Sept than can the company charge the depreciation from 1st sept and if company sell any vehicle on 5th oct than can the company charge the depreciation for full month of oct.

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Anonymous
26 March 2012 at 11:48

Tds payment clarification

1. My client is a banker and credited interest as on 31st march, after deducting the TDS thereon, to the customer.
2. He has not remitted the interest but only credited to the customer a/c. TDS is remitted on 10th April by a challan.
3. IT Dept sent a notice for interest demand for delay in remitting of TDS stating due date is 7th April but as per my view it is 30th April since banker only credited the interest but not paid on 31st march.
4. Now Dept is a asking for revising the return by stating it as a book entry method.
5.But I can not revise the return as suggested by the IT Dept since book entry mode is applicable to Govt deductors only.
6. Is there any case law in this regard, to confirm that due date is 30th April but not 7th April in case of amount credited but not paid on 31st March.
7. Should my client pay the interest demanded by the Dept or submit rectification by quoting a case law to waive the interest demanded by the Dept.
Please guide me to act further

7.Thanks in advance

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Purav

There is a Manufacturing Company. It is registered under Service Tax under Transport of Goods by Road Category. It avails cenvat credit of the services received & utilizes the same against it Excise duty liability. It has it registered office & manufacturing facility at the same place. The billing is also done from that place only. But it has various offices in other states & locations also. Billing is not done from those other offices & location. These other offices & locations are not mentioned in the Service Tax Registration Certificate.

My question here is whether the company can avail the cenvat credit of the services of those other offices & locations? And whether those other offices & locations needs to be mentioned in the Service Tax Registration Certificate?

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ronak
26 March 2012 at 09:59

Service tax on print media

Dear Members,



Your expert opinion is invited over the following issue:



“A firm in the business of publishing magazines. Whether service tax is applicable on the amount received against the sale of advertisement space in the magazine”



It may be worth mentioning here that the service of “Sale of Advertising Space or Time” specifically excludes the advertisement in print media. Also according to my interpretation of the law, the above firm does not fall in the category of an advertising agency since it is not creating any advertisement material.



I hope that the learned members will provide clarity on the above issue.

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YOGESH

hey.. Can any body help me to find vacancy of Industrial Traning. So i can Apply for it...

Thanx in Advance.

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NITIN SHARMA
25 March 2012 at 23:17

Password reset

My client lost password and itr v but having intimation u/s 143(1) but e filing no is not mentioned in it bot fox refrence no. Is available I have sent login information to validateefleing but no response received from there. How can the password shall be change.

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