Sir As per sec. 3(1)(III) privated companies are restricted to accepts the deposits from the public now my question is that Is there any difference between the two terms loans & deposits accoding to the company law if private company accepts the loan from Public.
Please reply that can a private accept a loan from the public?

Home loan of Rs. 13 Lakhs obtained from HDFC(not HDFC BANK)and Ist installment paid on May,2011. Property value 21.50 lakhs.

Whether eligible for 1% interest subvention scheme.
pls. reply.
thanks.

Sir,
want to know will my PF be taxable in case of with drawl?

i joined Asian Paints(AP) in sep 2005 and left in dec 2008 , then joined nestle(N) in dec 2008 and worked there till feb 2010.

i had transferred my pf from AP TO N and till date ie on 28.01.2012 all pf money (approx 1.16 lakhs) is lying with nestle trust.

pls tell me whether there will be any TDS Deduction?

also tell me if suppose there are no tax deductions and if i receive full amount ,will it be taxable in my income for py-2011-12? What will be the tax amount?

My articleship commenced on the 13th of December 2011 and has been registered with the Institute in mumbai. However, i wish to apply for transfer of articleship now. I visited the ICAI website for the same.
Can i apply for transfer before 13 th December 2012 or after 13th December 2011?
Is the procedure smooth? Will the institute grant me a transfer?
Kindly advice...

Kindly let me know whether service tax credit can be availed by the company or not in the case below. The facts are as under:

A manufacturing company has place of removal as its factory gate. It sells their product to the dealer. The dealer sells this product to the customers. The company has an agreement with a bank that the bank will lend finance to the customers who would like to buy it. In return, company would pay Rs. 1000/- per product financed by the bank. This is called Subvention Charges by bank. The applies service tax @ 10.3% on this subvention charges & the same is paid by the manufacturing company to the bank.

Now, the question here is whether the manufacturing company can avail Cenvat Credit on the Service tax on Subvention charges paid by it to bank.

DEAR SIR,

We are a manufacturer of iron steel.We have not received last years service tax certificate from our bank yet.If the certificate get now can we set off this amount with our excise duty payable.

I have filed quarterly tds return 24 Q.
But there was one error : "Challan details mentioned in the statement not present in the challan file imported "
I have given records to nsdl
now what will happen ?

Is there any remedy from escape the penalty u/s. 271(1)(c) in the following case?
1. Assessee has not filed return of income
2. He has not replied the any notices issued by the AO in the course of assessment procedings
3. The AO has completed the assessement u/s. 144
4. Assessee has filed appeal to CIT(A) and get relief to some extent
5. Now the AO has imposed the penalty after the order passed by the CIT(A)

In My E-Return Process staus shown is "e-Return has been processed at CPC - nil demand/refund ".. Will I get the Refund Amount or not ? Pls help out


Or
pls call me Shashi 09980326444

DEAR SIR,

WHEN WE WERE PREPARING THE FINANCIAL STATEMENT THE CLOSING STOCK HAS BEEN OVER VALUED.IF THE INCOME TAX AUTHORITY FIND THIS OVER VALUATION WHAT WILL BE THE PENALTY.

REGDS
SHYAMLAL.K