Is it compulsory to complete GMCS1 within one year after article registration & if i doing my GMSC1 after 1 year what will happen??? Plz reply asap

Advice Needed

We have imported the material thru advance licence and the same also debited in the licence, but our production team rejected a lot of materials due to quality issues, shall we re-import the materials thru the same licence or kindly advice what is the procedure?

Regards
P.Krish

Hi Sir... I'm Rajib Sikdar.I'm a IPCC student.I entered in IPCC in direct entry system and joined a firm on 25th September 2012 and continueing. Now Im thinking to stop articleship and wanted to pass ipcc...after passing ipcc, I will complete my articleship. Is it possible Sir?

Suppose an employee receiving salary of Rs.250000 p.a. and after all deduction say Rs.90000, his net salary income was Rs.160000. We did not deducted TDS from him, but I want to know whether we want to give his salary breakup details in annexure II in the forth quarter along with all other tds deducted employees or not.

DEAR EXPERTS,
PLEASE PROVIDE SOLUTION FOR MY PROBLEM

MY ARTICLESHIP WAS COMPLETED ON 25TH APRIL 2014 PLEASE TELL ME ABOUT THE TIME PERIOD WHEN I SUBMIT MY ARTICLESHIP COMPLITION FORM.

CAN I SUBMIT THIS FORM AFTER GIVING MAY 2014 ATTEMPT......?

THANKING YOU

Dear
All

Please advice me for Time barred ITR For A.Y.2012/13

What to do?

Dear Sir/MAdam,

my query is regarding appointment of Independent Director, exmpl:

X Ltd is a Listed Entity, Mr. A and B are the directors of X Ltd.and they are called Independent Directors, but they are also Director of 5 (Five) Associates Companies of X Ltd. a listed entity and they also take salary on Per month basis from one of the 5 associates Companies.

the above is the example so kindly confirm me from yours valuable opinion Mr. A and B are really Independent Director of a X Ltd. Listed entity.

respected sir,

one of my clint started an industry infy 2012-13 .he has purchased mechinary worth rs 13 laks .he has worked as a business rep for 8 years and received salary amounting to rs 2,30,000 per anum. at the time of starting industryhe does'nt have any actual bank balance .he has sold jewellery (previously purchased) and purchased the mechinary.he never filed income tax return upto now.now i have to file return for ay 2013-14 (fy 2012-13) please some one discuss how much capital i can introduce safely in to his balance sheet.
thanking you

We were supposed to deduct TDS but have made the full payment without deducting TDS? What are we supposed to do? Is it compulsory to deuct the TDS?

I am an Advertising Agency and want to deduct Tds. We have purchased images, under what section code of TDS it will be deducted??