Ours is a small AOP formed for the purpose of local charitable activities. We have kept some deposits with local banks and so far, we were giving 15G

However, so far, we have not applied for PAN since our income was below taxable limits

Now Bank is insisting on PAN or else they will deduct TDS at higher rate.

Is it compulsory for us to apply for PAN or can we just give 15G.

We are not interested in applying for PAN since it is a small organisation.

Hey all plz help

I want to incorporate a ommodity trading company is there any approval for the same required before filing Form 1A with regards to point 10.

Hey all

can any one help me with the main objects of Software company

and also it shd be related to mobile

bcz the main company is mobile company

Sir,
I paid Rs. 12,45,640/- (including interest Rs. 1,33,460/-) on 14/05/2010 for MVAT for the month of Feb 2010. Whether interest Rs. 1,33,460/- paid on 14/05/2010 allowed in assessment year 2010-11 or 2011-12. Please also provide section or provision reference.
Thanking You

Dear All,

One of my client (Gov. Company)received land as gift from a private company. the market value of the same were Rs.3 cr. the transaction taken place in the month of Oct'08.
still we are not accounted it. while finalising the accounts for the year 2009-10 the statutory auditors are says account the land with the market value. is it correct?
if correct what is the AS applicable?
and the where the credit will go?

IF it is not correct,

what is the correct treatment?
with AS reference

As per some of study done by me I have a view that an Individual cannot be appointed as a whole-time director of two company at a same time. And in our case MR P is already a WTD in two Company ie., A LTD & B PVT LTD and know Further, it is propose to Appoint MR.R as WTD in B PVT LTD who is already a WTD in A LTD. I have a doubt that we are not in a lawful compliance of Companies Act, 1956 relating to appointment of MR R as WTD in B PVT LTD. FURTHER A LTD & B PVT LTD as holding subsidiary relation. u can also view point (d) of schedule XIII PART I.
PLS REPLY

Sir,

We are 5 partners in a CA firm. We all have our individual practice. One of our partner has practice of more than 10 lacs. As ours is partnership, while filing of return gross receipts of all partners will be clubbed. What is the remedy to avoid service tax liability on the partner who do not have practice more than 10 lacs.

Thank you

Dear Experts,

Request you to pl give me advise that how I can avail credit on 100% EOU unit Excise Invoice, when I myself as a DTA received inputs from one 100% EOU unit.

Pl advise me a Formula or a way to avail credit.

Warm regards,
Jayesh

Can anyone answer these three questions.

1. In case of purchase of cements the seller has issued Invoice for value which is inclusive of transportation carges (not mentioned seperalty). whether GTA is applicable on such transportation charges.If yes who is liable to pay it.

2. Whether GTA is applicable on transportation charges paid for transport of goods from one site to another site which are in different cities/States.

3. Whether GTA is applicable in case of local transportation of goods.

is service tax covered under clause -1 of section-43B e.g.- tax,cess,duty etc.


like excise duty, customs duty, service tax is also allowed on payment basis.