Mr. A and Mr. B are brothers. Both have immovable properties. They decide to exchange the ir properties/ forego some interest in others favour. Mr. A proper cost Rs. 5 Lakh and Mr. B property Cost at present is Rs. 2 Crore. what will be the tax implication? what sections of the relevant act are attracted?

If a company is a joint venture of Japan & Indian citizens. What is the date of balance sheet to filed with ROC. Whether it is 31/03/YYYY (Indian Corporate Law) or it is 31/12/YYYY (Japanese Corporate Law)????

R/s experts pls tell me what kind of firm Kumar mittal and co. is? actually a friend of mine secured 61.8% marks in IPCC and he is pretty confused for this firm? thankz

I HAVE TAKEN NEW DEBIT CARD OF CENTRAL BANK....IT IS WORKING IN ATM AND I HAVE ALREADY REGISTERED FOR 3D SECURE PIN VERIFIED BY VISA AND ABLE TO GENERATE OTP FOR MAKING ONLINE PAYMENT LIKE EXAM FORM PAYMENT BUT WHEN I USE PAYMENT BUTTON TO MAKE PAYMENT IT SHOWS 3D SECURE AUTHENTICATION FAILED..........SO MY QUESTION IS WHAT SHALL I DO NOW AND I CONTACTED MY BANK BUT EVEN THEY DONT KNOW HOW TO SOLVE THIS PROBLEM.... AND WHETHER NET BANKING IS NECESSARY FOR ONLYN PAYMENT THROUGH DEBIT CARD...AND I CONTACTED TO CCE OF DEBIT CARD AND THEY GAVE ME EMAIL TO SEND THEM MY PROBLEM AND I DID BUT NO REPLY AT ALL... PLZ REPLY ASAP...

Hello Sir,

please let me know whether frames when fitted with lenses as per customer requirement(both frames and lenses are traded item)will fall under excise in eye ware industry

Can Company claim losses When ITR filled after due date. Next A.Y Company have a profit Can this Profit is set off. against P.Y Losses

SIR/MADAM

EVERY ONE KNOW THAT THE DATE OF AUDIT REPORT FOR THE ASSESSMENT YEAR EXTENDED TO 30-11-2014. IT RETURN FILING DATE i.e SEP-30 NOT EXTENDED IN THE NOTIFICATION OR THE NOTIFICATION IS SILENCE ABOUT THE IT RETURN FILING DATE. ONE IMPORTANT THING IS THAT DATE OF UPLOADING OF AUDIT REPORT IS REQUIRED TO MENTION IN THE ITR. THEN
? IF ONE NEED TO FILE THE 3CB 3CD AFTER 30-SEP, THEN WHICH DATE HE CAN ENTER ON THE CORRESPONDING COLUMN.

? IS IT IMPLIED THAT DATE OF EXTENSION OF AUDIT REPORT ALSO MEANS THE DATE OF EXTENSION OF IT RETURN FILING.

PLEASE HELP ME TO SOLVE THE CONFUSION.
URGENTLY
THANKS IN ADVANCE

Hi experts, one of my best friend due to his personal reasons have terminated his articleship in our current firm and have opted for dummy articleship and now have received offer letter from a well known company as accountant. Background verification is going on in that company and he has passed IPCC. will they enquire in ICAI and will he get caught for doing such illegal thing? Thank you

I have one query relating to the allotment of Right Issue of Private Limited Company:

1. Authorised Capital increased on 22.05.2014

2. Existing shareholders deposited Share Application money in Company Current account as follows

1. 1st Shareholder: Deposited cheque & cleared as on 20.05.2014 full payment

2. 2nd Shareholder Deposited money as follows:
- half application money as on 14.07.2014
-some part as on 12.08.2014
-remaining as on 22.08.2014

3. 3rd shareholder deposited money as on 14.08.2014 full payment.

So my question is how can i tackle this situation as all application money received on different date and what will be the date of allotment.
Queries:
1. Whether is it correct to show allotment in to two different date as per Application Money received by Company.
2. Whether is it correct to show only single allotment on 22.08.2014 but in that case share application money received from 1st shareholder passed 60 days criteria.

Company doing work of "installation of Point of Purchase material" like Racks/FSUs counter tops in various shops & Malls for Clients order.
Also manufacturing above for same client.

I want to know above service is taxable or not ? & cover under which service tax category.

Please reply ASAP


Thanks & Regards
SUSHIL KUMAR