alok kumar gupta
23 April 2009 at 18:51

tax credit of nsdl

Dear All,
Please let us know if we found that in tds return our PAN no is wrongly mentioned by deductor or Bank has wrongly mentioned challan no to nsdl information and we are not able to get credit as per tax credit of nsdl, How can we get remedies in this case and what is solution of this.what can we do in this case.

Thanks & Regards
Alok Gupta

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Gaurav Garg

FRIENDS,

MY QUERY IS GIVEN AS BELOW:

A COMPANY RAISED IN JUNE 2007 USD 50 MILLION THROUGH FCCB REPAYABLE ON OR BEFORE JUNE 2012 BY-

I) ISSUE OF EQUITY SHARES OF RS 10 EACH @ RS. 1,000, OR

II) PAYMENT OF CASH AT A PREMIUM OF 45%.

IN OCT 2008 COMPANY'S SHARE WAS TRADING AT RS. 325 EACH IN BSE.

COMPANY DECIDES TO REDEEM FCCB WORTH USD 25 MILLION BY ISSUE OF EQUITY SHARES AS IT'S FACING LIQUIDITY CRUNCH.

TO GIVE EFFECT TO ABOVE SCHEME COMPANY BUY BACK 12,50,000 SHARES @ RS. 350 EACH.
AFTER BUY BACK IT REDEEMS FCCB OF USD 25 MILLION BY ISSUING THE 25,000 SHARES @ RS. 1000 EACH TO FCCB HOLDERS.

NOW WHAT WILL BE THE ENTRIES IN THE BOOKS FOR THE BUY BACK OF SHARES & REDEMPTION OF FCCB. ?

PLEASE ANSWER IN ELABORATIVE MANNER.

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Rajesh D.
23 April 2009 at 11:24

HUF PPF a/c and 80-C income tax

I am having a PPF a/c of my HUF operational from last 10 years. The first block of 15 years is not complete and will be complete in 2014. 1. Can I continue to subscribe Rs. 70000/- per year 2. Will I earn interest in this A/c for the previous amount and for amounts invested upto 2014 ? 3. Can I claim exemption under section 80-C from Income Tax for HUF. 4. If my HUF invest 70000/- in its own PPF A/c and 30000/- in my son's PPF A/c in the same year, can the HUF clain full 100000/- exemption under 80-C from income tax.
Please advise.
Thanks and Regards

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Ramshankar
23 April 2009 at 11:20

Reg. VAT

What is VAT in breif?

Where it is applicable?

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bapi
22 April 2009 at 19:15

capital goods

what is capital goods? Examples of capital goods.

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CA.Ritu Agarwal
22 April 2009 at 15:30

Bonus shares

what are the requirements/Provisions for issue of Bonus shares by a Public Unlisted Company. Please give in detail

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ca praveen kumar

Hi

Please clarify - For the financial year 2008-09 do we have to issue Form 16 & 16A in old formate or new formate? Because these new Forms are applicable w.e.f. 1st April, 2009 and we can issue these forms only on or after 1st April, 2009 for the relevent financial year. If it is to be in new formate how we can get the "UTN" nos for the earlier period?

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AVINASH GUPTA

TDS Deductions rate on Advertisement charges paid to a NRI at kingdom of bahrain

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suraj
21 April 2009 at 16:40

Filing of the return

In the recent era of the paperless return ( If the return is filed electronically) whether there is need to submit the partnership deed of the partnership firm in the first year of the firm or in the year in which there is change of the constitution for the compliance of sec 184 n 185 ( Allowability of int and remuneration)

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S B Mehta
21 April 2009 at 15:47

Re TDS

We have deducted TDS as per law, but havent filed the last 2 Quarter returns.
are we liable for any penalty / late fees?
thanks in advance.
Samir Mehta

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