C.A. Hardik Patel
17 January 2012 at 13:01

Certification for visa

which point should be consider while giving certificate for visa purpose? is there suggested format?

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pradeep agrawal
17 January 2012 at 11:09

Agricultural land

sir
please guide me whether agricultural land situated in urban area (agricultural activity is carried out) is covered as an assets under wealth tax act or not.

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Akash Lulla
17 January 2012 at 11:03

Removal of director of private company

ABC Pvt Ltd. has 3 directors 2 of them are not Indians and the third one is Indian.

Now the Indian Director wants to leave the company. In this case is company still complying all the statutory requirements.

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Mahendra
16 January 2012 at 20:15

Dissolution of partnership firm

Dear All,

What is tax implication (Spl. Capital gain)on dissolution of partnership firm (all partners retired simultaneously by selling firm to other persons)in the hands of the partner.

Thnks in advance,

Regards,
Mahendra

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Anonymous
16 January 2012 at 12:56

Exemption on capital gain

A Director of a Company who holds the shares of the Company had sold the Shares during the time of selling the Company.Such differential sale proceeds are taxed as Capital Gains. However the Director has claimed exemption for using the money towards his company related expenditure ( payment towards settlement )
which is also a part of the Sale Purchase Agreement. This is ruled out by Comm of Income Tax ( Appeals )stating that the expenditure is for the Company and an individual cannot claim exemption.
My contention is that a Director will be holding shares on behalf of the Company and therefore all gains and losses pertaining to sale/purchase of shares on behalf of the compnay should be allowed.

Require experts comments on the above please

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amar preet singh
16 January 2012 at 12:23

Tax liability of subsidiary company

sir i have an query that my client is director of the company running a pvt. ltd. company in India since 2008 with object of the company is to developing software . in the financial year 2009-10, 99% of shareholding of the company has purchased by u.s.a. based company therefore my company becomes subsidiary company of u.s.a. based company and the status of my company has convert non- residence company in India. Now the u.s.a. based company has received contract in u.s.a. to developing software and he has transferred funds to its subsidiary company in India to developing the software because the manpower cost is cheapest in india. my query is :-
1. the fund transfered from u.s.a. based company to its subsidiary company is income of the subsidiary company
2. is any tax liability will payable by subsidiary company in india on funds received from holding company
3. is there nay liability of giving service tax

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Anonymous
15 January 2012 at 14:35

Divident distribution tax

Dear all,

The X ltd. has declared an interim dividend for FY 2011-12 and paid DDT at the rate as applicable for FY 2010-11 i.e. @ 15% + 7.5% + 3% but the rate applicable for DDT in FY 2011-12 has changed to 15% + 5% + 3%.

Now the question is can X ltd. can claim the higher tax paid.

Thanks & Regards,
Akhil

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Anonymous
15 January 2012 at 13:52

Merger

Hi,

If 2 pvt company mergered how to change excise, VAT, service Tax, PAN and TAN no.

Whether we should surrender the existing one, and apply for new no. ifso who we should C/F the excise and Service tax credit to new registration no.

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Anonymous
14 January 2012 at 18:59

Wrong pancard no.mention in it return

One of my friend is insurance agent co whose agency has deduct tds from the commission but while filing return for 2007 2008 and 2008 2009 assesment year wrong pan card no was mention in return by his C A while pan card no mention in tds certificate is right he came to know about this in july while filing his current year return ,his C A has asked him to write letter abt the same but he had got no reply from his c a now what to do he wil not be able to get tds amount refund for the both year now what to do further pls advise to get the refund ( it is too late to file the revise return)

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HIMANSHU JOSHI
14 January 2012 at 12:11

Books purchase

anyone who wants any book of TAXMANN OR PADHUKA at discount of 15% anywhere in INDIA can contact me at 'himanshu29797@yahoo.com'
delivery in 7 day
payment in advance
delivery charges extra

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