Dear Experts,
In our books opening balance of sub contractors is showing Rs 4,75,000/- and this year we have huge cash-in-hand balance so can we pay off the entire sub contractors dues by cash or is there any conditions for cash payments. We already paid the TDS on the subcontractors amounts.

Thanks in advance

Hello.....Kindly anybody give me full details(Basic Idea) about the compliance of sec.297 & 314 of companies act,1956 in private limited company means how one can trace that the said sections are being complied or not? along with the relevant remedies in case of non-compliance of the same.

A company has a Car on which 15% depreciation as per Income tax is charged. It also has a machinery in which it charges depreciation @ 15%.
As per Income tax act Car & Machinery, both are covered under main asset head of PLANT & MACHINERY.
So Whether both car & machinery will have to be merged togather for income tax depreciation purpose?
What will happen if the company sells off the Car?

can a person with the degree of ca and cs allow to practise both simuntaneously

Whether demand loan taken from bank against fixed deposit shall be taken into consideration for dis-qualification of auditor being a debtor of bank for Rs.1,000/- or more and that is why is not eligible for taking up the audit work assigned to him.

whether the goodwill brought in by newly inducted partner, with drawn by existing partners is taxable.....

hi sir,
can u plz tell me wat exactly do i hav 2 rite in d condonation letter for delay in filing form-108...also 2 whom shud it b addressd???

Dear Experts,
Please consider the following situation:
ABC (p) Ltd having two Shareholders and who are also Directors. Abc (p) Ltd acquired the 100% shares in the XYZ Public limited company , and take over of the management & control and make it as a 100% subsidiary company on 9/9/1998.
0n 23/3/2011, ABC (p) Ltd willing to transfer all the investment i.e, 100% holding of shares in XYZ public limited company, to the two Directors(Shareholders). Further, ABC (p) Ltd, Proposing to sell a Land which is a only Asset of XYZ Public limited for a substantial consideration, since the Land was acquired long years back.
Query:
1. Whether, ABC (p) Ltd can transfer their shares in the name of two Directors(Shareholders), is it possible? If yes, Please brief according to companies Act? If No, Please explain, why it is?
2. If yes, What are the tax consequences in the hands of AbC (p) Ltd, two Directors, XYZ public limited company?
3. If yes, What are the steps for tax planning for transfer of Land by ABC (P ) Ltd?
4. Any other alternative suggestion you may give?

Please tell me for deduction under section 80C in this particular case

A has purchased a house property from B. A has paid stamp duty charges of Rs. 80,000. But on stamp duty receipt of Rs. 80000/- payment has been received from B. Whether A is eligible for Rs. 80,000/- stamp duty payment(but receipt is in favour of B) in year of purchase under 80C. if not, then 80C describes which stamp duty charges

can a person, having his spouse cancer, claim deduction under section 80dd?

what is disability. can benefit of both section 80dd and 80ddb be availed.
In current case assessee is employee in PGVCL and getting full reimbursement from employer so section 80ddb having no benefit in current case,

but is cancer covered in rule 11dd to get deduction u/s 80dd? because infact dependent is not able to generate income, so can it be called disable as per principle if the section?