vidya Sanjay
This Query has 7 replies

This Query has 7 replies

Pls advice if a consultant rendering management consultancy in india wanting to render services abroad needs any registration with any authority


Kishan L. Agarwal
This Query has 8 replies

This Query has 8 replies

18 September 2007 at 03:49

Applicability of Tax Audit

Three persons in their individual capacity entered into a deal as detailed below:

One landlady entered into an agreement with husband for development of her plot of land bought at Rs. 30 lacs sharing profit 40:60.
40% wife & 60% Husband.

Husband developed the same and sold one floor to their son for Rs. 50 lacs.

Now the total project is being sold at Rs.3.00 crores.

They will get :
Wife Rs.90 lacs
Husband Rs.135 lacs
Son rs. 75 lcs

Whether they will come under Tax Audit?


anuj mehta
This Query has 3 replies

This Query has 3 replies

17 September 2007 at 23:57

query regading treatment of future &option

wheather future&option treated as bussiness income or capital gain


anuj mehta
This Query has 2 replies

This Query has 2 replies

17 September 2007 at 23:54

query regading p.f

if husband deposit some amt of money in wife p.f a/c wheather husband get any tax benift..........


Sundeep Bodhankar
This Query has 3 replies

This Query has 3 replies

A company into training and placement service wherein the total gross receipts is less than Rs. 50,000/- per annum had applied and got its service tax registration number in 2005. As they fall far below the limit, they failed to file nil returns since registration to date. In fact, they dont fall within the preview of this. They didnt even receive any notices from the department yet.

Now the Board of Directors had decided to wind up their business as they have contineous losses and are particular in surrendering/cancelling their company's service tax registration.

What is the procedure for cancellation?

What are the late penalty charges or fees for nil returns and cancellation charges?

How much time does it take to close this case?

Request for expert's guidance in this matter. Kindly give a brief steps for this purpose. Thanks.


Sanjay Kumar Chaudhary
This Query has 4 replies

This Query has 4 replies

17 September 2007 at 20:39

Registration of society

Dear all,
could anyone give me details of documents required for registration of a society.
regards
ca sanjay chaudhary


Ajay
This Query has 3 replies

This Query has 3 replies

17 September 2007 at 20:13

Service Tax on Cab Rental

What is rate of service tax on car rental ? is it 4.9%


Avinasheswar
This Query has 3 replies

This Query has 3 replies

17 September 2007 at 19:14

Grammatical confusion in Bare Act

At many places the language used in Bare Act is grammatically confusing.For explanation I am quoting section 69 here.

"No allotment shall be made of a share capital of a company offered to the public for subscription, [UNLESS THE AMOUNT STATED IN THE PROSPECTUS] which, in the opinion of the Board of Directors, must be raised by issue of share capital in order to provide for the matters specified in clause 5 of Schedule II [HAS BEEN SUBSCRIBED], and [THE SUM PAYABLE ON APPLICATION FOR THE AMOUNT SO STATED] has been paid to and received by the company, whether in cash or by a cheque or other instrument which has been paid."

Please notice the phrases which has been bracketed. The first two bracketed phrases, if read together, reads like this - THE AMOUNT STATED IN THE PROSPECTUS HAS BEEN SUBSCRIBED. How can we use a phrase "SUBSCRIBE AN AMOUNT". "SUBSCRIBE FOR SHARES" can be used.

Similarly the third bracketed phrase is very confusing. "THE SUM PAYABLE ON APPLICATION FOR THE AMOUNT SO STATED"
What does that mean?


ca rahul
This Query has 4 replies

This Query has 4 replies

17 September 2007 at 19:02

tds u/s 194c

A manufacturing concern,who is constructioning a building. Is tds deduction necessary on labour payment made
to contractor(i.e.tds on fixed assets)
& if tds not deduct what will be implection of this.


Sri hari Bathina
This Query has 1 replies

This Query has 1 replies

17 September 2007 at 18:03

exemption clause

I Completed Law.I would like to pursue Company Secrectary course. In view of it I would like to claim exemption in General laws but as per the syllabus of Company secrectary General and Commercial laws are included as paper-1. One of the clause of Company Secrectary prospectus says person who has obtained law degree from recognised universtiy is eligible for exemption. Whether i am exempted in General laws and pursue Commercial laws or iam totally exempted from commercial laws.





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