(1) If a HUF gifts shares in its possession / holding to any one member of the HUF, is it taxfree in the hands of the member?

(2) Can HUF do so or is it necessary to allocate the value of shares equally amongst all the members of the HUF?

Hi Experts, Need 1 clarification, i am asking query with help of an example so plz help me getting the right answer. A mobile company is selling a mobile at 60000 and suppose the cost of mobile is 45000 and cost of charger and lead is 1000. Whether COGS will be 45000 or 46000 ? as per me it Should be 46000. if possible plz share some details with answers. want to know the concept of sale of multiple items, if any one is doing it practically,then plz share ur experience. regards Sumit

A holding company is being taken over by another company and the holding company proposes to shift its all employees to its subsidiary company. can this be done? if so will the epmloyees of holding company carryon the same position in the subsidiary company.

Hi,

I am a salaried person. My 26AS is showing 24 entries for 12 months, 12 entries have U status and other 12 have F status but TDS amount which is reflected is of 24 months. So is my company required to revise the return ? or I should consider only the F values, ignoring rest of the U values ?

If a labour contractor collect monthly service tax @ 3.09 % (& balance is paid by service receiver). from june 2013 and dosent paid service tax payment & not filled his half yearly returns till date.
1.What is penalty for non payments of service tax till 27.11.2014 ?? (june 2013)

2.What are the penalties for non filling of service tax returns till 27.11.2014.(from june 2013) ??

Hi friends,

one of my client which is a proprietorship ( manufacturing industry)' having more than 50 employee is not registered for professional tax till now but he is deducting the pt from this year. the proprietorship started long back ago say some 2001
from that time onwards he not yet registered with the pt but he registered under PF in 2007 & VAT in 2006
what will the penalty and interest for this situation. and client office is located in Karnataka.
now he is willing to do registration for PT please help me to come out of this situation

8.00% Nett Profit against the Gross Receipt should arrive before [Depreciation + Remuneration] or after [Depreciation + Remuneration]. 8.00% Nett Profit against the Gross Receipt or against the business income.

Whether it is mandatory that a penalty should be levied under the act..please provide anu supreme court judgement regarding the same...thanks in advance

What is the procedure for obtainig term loan , cc and lc from bank

whether a company can give corporate guarantee to bank in light of the recent amendment to companies act for its group concern.
please clarify