Sec 135 stay that if company having:
1.Net worth of Rs. 500 Crore
Or
2.Turnover of Rs. 1000 Crore
Or
3.Net profit of Rs. 5 Crore
During any financial year

Now my query is what does “any financial year” means.

In the financial year 2007-08 company has Rs.5.82 crore net profit and after that companies profit was between Rs.2 to Rs.3 crore only.

So sec 135 will be applicable on company or not

Hi,

One of my client is starting a proprietorship firm. He doesnot need to comply with service tax and TAN, because he is just starting. But when he applies for current account, bank needs some registration. If he goes for service tax registration for the sake of opening only current account. Does he need to pay service tax?
His TO will not exceed 10L.

Do we have to pass entries for a pvt ltd company for the tds intimation which we receive for late payment of interest or short payment.
For a company how to reco? i have entered as per the bank statement.

As per 194IA , any person , being a trasferee, responsible for paying to a resident transferor any sum by way of consideration for transfer of any immovable property, deduct an amount equal to 1% lf such sum as income-tax thereon.
My client is local transferor transferred his immovable property to non-resident Indain (NRI) who doesn't have PAN. How TDS is deducted and paid by the transferee as per TDS provisions?

Hi friends

plz solve my problem

we are submitted return for the A Y 2013-14 as on 31.07.2013.
in that return we have few mistakes .
now the revised return is required to pay Rs 51,897/-.
No advance tax payments and self assessment tax for that year

plz calculate interest on that tax liability on Rs. 51,897/-
we will pay that tax liability in march'14.

Thank you

what will be the brakeup salary if employeetaking 12000/- per month what will be the basic & ta & Da& Conveyance & other allowance.

And in a compamny there is Pf & Esi so plz tell me brake up salary.

I am Kavita Patil. I registered for IPCC under direct entry scheme in jan 2013.. Again I joined articleship on April 29th 2013. I asked my principal to give 3 months leave for exams. He didn't agree so I took 109 form i got his sign on 17th feb 2014.. But when i went to institute to ask what all documents should be attached with this form they told you can take termination but you must rejoin immediately.. i have plan to join after exam.. please help me to get through it..

Dear Sir,

Client has branch in U S and employees are travelling abroad and company will get foreign currency from one of the foreign exchange dealer for credit period of 60 days.

My question is, whether the foreign currency received in cash form exchange dealer is loan for section 269SS.

Hi,

My client has not filed there ROC returns since last 3 years.Now the company has gone in a dormant position.There are two directors in a company and they were not knowing there DINs. So I applied for DIN by filling form DIN 1.And I got DIN No.
After that while filling Form 61..one of the directors DSC had promblem..So I registered there DSC on MCA 21 site also and validated it properly.Then I came to know that while filling form DIN 1 of one the Directors...I made a mistakes in his name...So i filled form DIN 4.....
Now form 61 is not getting uploaded coz its showing an error that "signature Validation failed.....person not authorised to sign"
Time and again m calling MCA but they are not telling me the correct steps...now what should I do??
Pls tell me whether i m supposed to fill Form DIN 3??
And pls again tell me the relevant steps to make a comapany active and filling returns.
And just today i filled form DIN 4..so after how many days should I restart my work??
Respected experts pls reply ASAP.

Thanks.

Suyash

Can A NRI file his personal Income tax return in INdia (As he has been /ie being assessed in foreign country), would he lialable to pay tax in india on the income he earned at foreign if yes ,what would be the share of income added in his income.

He may possess some bank fd's and some other investment in india, Is it necessary to file return to him.
pls clarify
thanx
Nandan Bisht
9810253294