dear experts,
i joined as an articleassistant under a CA on 21/3/2015, but my articles registration is not valid due to limit of article assistants is exceeded under that CA.Now what will i do ?.plz give me reasonable answer .If i join in another firm that previous articleship period carried out or not? . please give me quick reply.

Respected Sir

We are incorporating a company in May, 2015 with authorised capital 1 cr and issued capital 1 lacs. Preliminary expenses of stamp duty , printing etc paid by a director and his loan remain outstanding in the company.Now they want to close the company under FTP scheme. No business is done till date.How we can close a company.
For example
Capital Rs.1 lacs
Loan from Director Rs 1.5 lacs

Bank Account Rs 1.10 lacs
Cash account Rs .10 lacs
Preliminary Exp 1.30 lacs

Whether we have to issue capital of Rs 1.50 lacs which is outstanding as loan before closure.

Thanks in advance.

DEAR EXPERT,

A COMPANY (LIMITED COMPANY) RECEIVES CERTAIN SERVICE FROM AN INDIVIDUAL. THE COMPANY PAYS AMOUNT TO THE INDIVIDUAL FORTNIGHTLY BASIS. FOR SERVICES PERFORMED FROM 1ST JUNE TO 15TH JUNE, INDIVIDUAL ISSUES INVOICE ON 15TH JUNE AND COMPANIES PAY TO INDIVIDUAL ON 16TH JUNE AFTER DEDUCTING TDS. FOR SERVICES RENDERED FROM 16TH JUNE TO 30TH JUNE, INDIVIDUAL ISSUES INVOICE ON 30TH JUNE AND COMPANIES PAYS TO INDIVIDUAL ON 1ST JULY AFTER DEDUCTING TDS.

MY QUERIES IS

1) WITH REGARD TO PAYMENT OF AMOUNT PERTAINING TO THE PERIOD 16TH TO 30TH (COMPANY PAYS ON 1ST) WHEN THE COMPANY HAS TO REMIT TO GOVERNMENT
A) ON 7TH JULY B) ON 7TH AUGUST?

2) WHETHER RETURN HAS TO FILED IN 1ST QUARTER OR ON 2ND QUARTER?

THANK YOU IN ADVANCE.

One of professional service provider has raised bill of Rs.5 lacs.
We have to deduct Rs.2 lac (against previous bill already paid after deducting tds of Rs.20000, the same was related to other service which was not properly provided as per agreement & not pertaining to Rs.5 lac bill as above)

So, net payment will be Rs.3 lacs
whether tds is deductible on Rs.5 lac or Rs.3 lac ?

Flats booked via Builder falls within the purview of construction. Hence, timelimit of 3 years after date of transfer is applicable. Please clarify if letter of allotement is received before date of transfer and possession is sought to be received within prescribed 3 years will the exemption u/s 54 shall be available ?

Sir,

What is Form 1 EE? When a dealer can avail exemption by Form 1 EE?

I have taken registration for service tax. My turnover is 7,56,480/- for engineering service for Oct- march-2015. Whether I have to file NiL return or I have to show my turnover/ Gross Received of Rs. 7,56,480 and get exemption for the same.

Respected Experts,

i am engaged in exporting of services outside India which is not covered by negative list, whether i am liable to take service tax registration no. as my turnover is more than 9 lacs and submit service tax return even if export of service is exempt.

plz advice

thanks

How to pass a Accounting Entry under Reverse charge mechanism of service Tax. For eg.: if a Service Tax Provider Bill is of Rs.92474/- and Service Tax calculated @ 12.36% on above Rs.11,430/-. How one should calculate the reverse Service tax application and the TDS deducted on the same. How the same has to be shown as accounting entry, Please provide the right method of accounting. Thanks.

Dear Sirs, pls explain what is bank guarantee and its purpose.Thanks in advance...!