A firm has consignment sale of Rs. 15 Lacs against form F and received the commission for that from consignor. his other turnover is of Rs. 27 Lacs.

Pls tell will the consignment sale will include in turnover for tax audit purpose as the firm has shown that consignment sale in his VAT return also.

Pls guide

While uploading income tax return sign with USB token, " can not read file for signing" message appears. The DSC has been registered with tha IT deaparment for boyh Co and Signing person. Kindly advise me at your earliest.

In case of partnership Firm being building Contractor covered under tax audit how to diclose the N.P./Turnover ratio.whether N.P.to be taken before Partner's Remuneration & Partner's Interest or after providing the same.
Please confirm.

is sinking fund A/c & debebenture Redemption Reserve are same?

A SORROWFUL NEWS THAT MY FRIEND'S FATHER EXPIRED LAST MONTH DURING WORKING HOUR. HE WAS AN GOVERNMENT EMPLOYEE. SO MY FRIEND FAMILY RECD ABOUT 20LAKH FROM TELEPHONE DEPARTMENT INCLUDING PF, GRATUITY, COMPENSATION ETC.
NOW HE WANT TO KNOW THAT WHERE HE INVEST THE MONEY SO THAT HE COULD GET FRUITFUL BENEFITS FROM THAT INVESTMENT FOR WHOLE LIFE. BECAUSE HIS THREE YOUNGER BROTHER AND SISTER ARE BELOW TO EIGHT STANDARD AND OBVIOUSLY UNMARRIED.

PLEASE HELP..

A Resident Assessee have pension received after deduction of TDS to Rs. 150000 from England.and also received Salary in india Rs. 250000 in F.Y. 2009-2010.how can we determine tax liabilities in A.Y. 2010-2011. and what ITR Should Applicable.

Dear CA CLUB Experts

This year for ITR Filling ,The digital signatures attached with PAN , is compulsory.
But what about the company in which directors are foreigners having no PAN.


Thanks In Advance


Deepika Tyagi
primecfo@hotmail.com

Hi,,,,

Can any body please guide me regarding various compliances that we need to comply with, while in reporting for any NBFC company

Respected Sir,
what's the procedure 4 registration of Professional Tax..?
Basically i have incorporated a company and i wanted 2 deduct professional tax of employee.As a employer what's procedure should be taken by me?

Dear Sir,

This is regarding a clarification on a firm taken over by pvt ltd company.

The partership firm had me and my father as partners. Subsequently taken over by a pvt ltd [formed by us], lock , stock and barrel... thereby not attracting capital gains.

The shares to an extent of the capital and other assets were issued to both of us, in a proportional ratio.

Now my doubt is.... if my father wants to gift me his share of the business... is it possible without atttracting capital gains.

Kindly explain

Regards