When we talk about investment(u/s 80c) that has limit upto 1,00,000 which includes no of investments.

(A)I heard that Investment under pension scheme has a limit of Rs. 10,000/-. Is this true?

(B) Is tuition fee restricted upto 24000/- or having no such kind of limit.

Kindly answer to my this query.

Hi,
I have couple of queries on service tax.

1. Whether I can ask for an refund from service which is wrongly paid by me. This is first year. In this case I had paid for whole amount instead of paying on above 8 lakh which is the exemption limit. I had collected amount from debtors. But they had not paid me service tax upto 8 lakh and i had wrongly paid. Which form and circular or case study if any.

2. Whether I can take a set-off of service tax paid on Rent expenses paid to Diretor against service tax that need to be paid which is collected on commission. They are at the same office.

Please let me know ASAP.

Thanks,
Hemal Parikh

COMPANY HAVING INCOME FORM ITS ASSOCIATES COMPANY (RENT SUBLETING RS 3000000AND PROF SERVICE TO ASSO RS 2800000 WHETHER 44AB APPLICABLE THERE IS NO OTHER INC)

RENT-SUBLETTING ITS OFFICE TO ITS ASSOCIATES
(Rent receive from subsidiary by sub-leasing its office)

Dear Sir,

An assessee purchase NSC VIII issue of Rs 25000 per year. What the accured interest on such investement shall be included in his income from other source?

Is MAT payable by a company showing loss in its Profit & Loss A/c. If yes then how it is calculated

Dear Sir,

What are the consequencies, if the person responsible for making TDS fails to submit the same before the commissioner of Income Tax with in the due date. Whall will be applicability of section 40(a)(ia) in this regard. Please clarify

Thanking you,

Yours faithfully,
V.N. Hari,
Chartered Accountant

Dear Sir,

Please let me know what do you mean by upfront interest in terms of Export. The client has taken PC facility against the Export orders.
The banker charges this on receipt of the proceeds.

Secondly, another question is relating to the liquor business.
One person is having a license another is using that license for fixed fees for that license.
Now the other person has taken the license and is doing that business. how does the transactions be accounted under both ends as the bills are named under the person who is having the license originally.
Please mail me to maheshkulkarni29@gmail.com.
I thank in advance for this help.

Thanks,
Mahesh

Please provide information about STT

Can some one help me with the detailed procudure, formalities, fees, documentations, and forms to be filled to form a new Pvt. Ltd. Company

If possible you can mail me details at ketang25@hotmail.com, info@kgfs.in

Ketan

In case Of Private Ltd Company, if there are 2 directors, then if one director signs only on notice of meeting, director's report, Balance sheet and profit and loss account and notes, then is it any breach of company act, income tax or as non compliance of statutory audit or any other law ?
If only one director signs the above documents, then is it proper or not ?

The company has no income.It is first year of the company.

Kindly reply immediately.

Thanks,

Snehal