Can XYZ Pvt. Ltd. Co. give or take a loan in F.Y 2013-14 & F.Y. 2014-15 from its managing or whole time directors who are also tha shareholders of the co.? What are the Provisions in thos regard

Sir my client has crossed limit of Rs. 10 lacs for room receipts so he has obtained the STR No.

Now as per act Service tax to be collected only in those rooms whose Declared tariff is more then Rs. 1,000/- and he raised has none of the invoice more then Rs. 1,000/-, hence he has not collected the Service Tax.

Now while return filing whether we have to file 'Nil' Return or we have to show Gross amount collected and show the same amount in the coloumn exempted service and thus taxable value be Nil.

Kindly clear the matter as there is lot of confusion.

How can we distinguish between VAT exempted dealers & VAT composite dealers through purchase bills?

I Have a client having public co. incorporated in june 2012. till date no document has been filled with roc.
plz tell the documents required to be submitted in the name of co. and also in the name of auditor and what will be the fees and penalty if any.


Thanks in advance

Dear All,

I have a query regarding the point of taxation in case of reverse charge as follows :-

We are paying commission to a foreign consultant on which service tax is applicable on reverse charge, the consultant has not issued us any bill for the commission due to him during the year. But we have to book the commission expense in the books so we recorded commission expenses in the books for the year ended on March'14 in the month of March itself for the service received during the year.


As per Rule 7 of Point of taxation rules, payment of service tax is to be paid within 6 months from the date of invoice.

But in our case, we do not receive the commission bill although the service has been received.

So Kindly suggest us whether service tax is to be paid or not and if yes what will be the point of taxation in that case.

i hadicap person not made any expenses for the year. can he able to get claims u/s 80 u

Sir ,
I want to know that whether excise duty charged on quantity basis ????
my another question is that if we charged it ,,, then how we charged it means which rates ??
Sir i am checking a purchase voucher
in that there is a purchase voucher of purchasing of GRINDING WHEEL & in that voucher in INVOICE CUM TAX CHALLAN excise duty charged on basis of QUANTITY ....

1...If after the appointment of proxy member himself attends the meeting...it wud amount to automatic revocation of proxy 2.once the proxy has voted it can't be revoked ....this is wat law says Bt in a case study.. Both member n proxy attend n vote.. Dn whose vote will be valid???

If an asset is purchased and the same is not used for the financial year, should the company charge the depreciation and the reason for the same?-

I have received a notice on 02.04.14 from New Delhi management cell to file return of income for A.Y. 10-11, 11-12, 12-13. I have only salary income and bank interest.

Can i do e-filing for all the three years now.