Dear member

hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.

Meenu

I want to promote an educational institute for professional courses in the state of Karnataka at Bangalore. My question is wheteher it is compulsory to form a trust to get registration under Karnataka Educational Act, 1983. Please explain me the formalities about this.

hi, my pcc attempt is in may 2010, i have an option of converting into ipcc before july 31st,
my query remains, is conversion beneficial exam wise, as accounts is of 200 narks, and this has never been before (as per my knowledge), so how mych detail of studying accounts required and how much theory the icai will ask in the exams is unknown,
so what should be done, further if i convert into ipcc in may 2010, my final attempt will come in nov 2011, which is 6 months prior to my final atempt if pcc is pursued.
looking into this please sugest me as to what is better. also is there any more strings attatched to this, (is there anything i should look into before making this decision)
thanking you in advance

ONE OF MY DIRECTORS HAD FILED(WOMAN) HAD FILED HER RETURN FOR THE ASSESMENT YEAR 2006-07. Declaring her income as Rs.2,28,000.00 which also included capital gains(indexing) of Rs.83,000.00 . The tax was paid by her in normal rates as applicable to an individual.

During the assesment the income was arrived at Rs.2,91,971.00. Since special rates was imposed on capital gain,she was required to pay only Rs.7,600.00 as additional tax which was duly paid.

In the penalty proceedings however, the ITO HAS IMPOSED PENALTY OF RS.21,522.00 ON AN ADDITION OF RS.63841.00 (100% OF TAXSOUGHT TO BE EVADED ON THE ADDITION).
MY QUERY IS WHEN THE ADDITIONAL TAX ITSELF WAS RS.7,600.00 ON THE COMPLETION OF ASSESMENT SHOULD THE PENALTY ALSO NOT BE IMPOSED ON THIS TAX ONLY?

An assessee has received his Form no 16 for TDS for contract after 1 year can he claim deduction? And if he receives this form after 2 year can he claim the deduction? What is the validity of this form?

one of my client is servicing in china and head office of his employer is in dubai,he is getting salary from dubai by cheque sent to india and he get it deposited into an NRE A/c he is non resident last year, the question is whether his income will be chargeable to tax on the basis that his first receipt in india, please explain me by giving sec. reference, regards CA HIREN SHETH

Dear All,
can any one explain me what is contra A/C and what type of transaction is to be passed in this a/c.(answer will be highly appreciated)

thanks
regards,
shabbir

whether person taking contract of welding works covered by VAT and have to pay VAT on contract amount by considering sales. If yes then what %age will apply for the same? whether same is covered under Service tax also

my query is

A company has got condolation of delay from CLB with a additional fees of Rs.2000/-

now my question is what will be the further requirement with roc

form 21 will be filed. is any other form is required to be filed with roc form 61 ?

and what will be the procedure for payment of additional fees?

We are 3 brothers & 2 sisters. Our father purchased a ground for Rs.2500 and constructed house in 1977 and in 1995 additionally constructed a floor for Rs. 200000/-. He died in the year 1997 and we demolished the house and constructed 5 apartments in the year 2008 (October). Out of 5, we retained 3 flats for three brothers and sold the two flats to outsiders and utilised the consideration of Rs.2800000/- towards construction of all the 5 flats. Being allotted a small size flat I was compensated in cash to the tune of Rs.300000/-. Pl clarify what
is the capital gain tax on my part and if anything has to be paid, what is the last date for payment. - g.ramesh (rameshrohit65@gmail.com)