Respected Subject Matter Expert(s),

I am a new Maharashtra VAT (MVAT) dealer and about to file my first “nil” return myself. My business has not yet started and hence, there are zero sales (for both within & inter-state). I will surely be employing a CA once my business operations commence.

Questions:
1. Do I have to file both Form 231 & Form III-E? (Also, hold CST registration)
2. I have paid Rs. 25,000/- deposit during registration to be set off against future sales. Do we need to indicate this amount in this return somewhere, like in amount already paid or other field for the same?

Thanks & Regards,
Aashish Agarwal.

Dear CS Experts,

Can I Sell a property on which I had created charges by hyphenation agreement with lender.

Provided, I had not filed CHG-1 with MCA and 300 days already elapsed. Since the Charge amount is small paltry of amount and the procedure to follow for creation of charges after expiry 300 days is little complicated.

So, To avoid the burden of compliance, Can I Sell the property and pay in full to the Lender..?

Please be give specific answers along with Case Laws if any.

Dear Experts,

Can anyone properly interpret the below definition.

A transaction with a related party shall be considered material if
the transaction(s) to be entered into individually or taken together with
previous transactions during a financial year, exceeds ten percent of the
annual consolidated turnover of the listed entity as per the last audited
financial statements of the listed entity.

As per New guidelines we have to inform regarding Material RPT, so am confused whether that definition will be read with regard to a transaction or a related party.

if one firm "x " give assets and stock to "xy " (other relative partnership firm) at the time of dissolution of firm X
Is it possible ,if yes
then what will be tax liability on both firm

RESPECTED SIRS,
AN ASSESSEE IS INSURANCE AGENT. A. Y. 2015-16 ITR IS FILED WITH WRONG TDS FIGURES NOT RECENTLY CHECKING 26 AS TDS AMOUNT AND PAYMENT AMT ARE DIFFERENT. CPC HAS NOT PROCEED RETURN, AND JUST GOT RECEIPT OF ITR SEND.
SHOULD I FILE REVISED RETURN OF CPC WILL AUTOMATICALLY ADJUST TDS AMOUNTS.
PLEASE GUIDE URGENTLY.

dear sir, i have filed my client return on which tds has been deducted and which amounted to refund for ass/yr 2015/16 but i have failed to send the itr v to cpc bengaluru within 120 days so what to do to claim refund please let me know thanks

Dear Sir,

My query is, whether valuation of share as on the date of conversion is required for a unlisted private company, In case of conversion of Unsecured Loans, extended by the current equity share holders. ?

Or

Conversion is possible without valuation just by giving away shares at face value plus some premium amount per share, arbitrarily.

Please note current directors and shareholders are same in whose name conversion is taking place.

Awaiting response.

maine return file ki thi usme income thi pension, interest aur business profit se. unhone housing loan liya tha toh uske interest ki deduction bhi claim ki thi....ab intimation me deduction for interest on housing loan disallow krke demand nikal di hai department ne....ab kya karna chahiye?

Dear Experts,

I want to close a private limited company just formed 5 months back, please let me know what are the formalities, and forms to be filled.??
or we should wait for one year and then go for fast track exit.??

Hello,
I want to know the registration process of service tax in brief?
Pls being helpful to me.

Thank you