Hello everyone,

i am filing annual accounts and annual returns of a pvt ltd company engaged in advertising business ( ad agency).

In form 23aca it is compulosry to menion the Details of principal products/servies and (ITC/NPCS 4 digit code)

I read the instruction and got the list from mca site but it is not 4 digit code but 5 digit code (99836) and further subcategory )998361/998362 etc are there.

My question :
how to write the 4 digit code and file the form ACA ?

waiting for the views of the experts.

Dear Experts,

I have one query. An US citizen (Person of Indian Origin with green card Holder) has sold a residential house property in India during July’2013. He got Long Term Capital Gains of INR 50,00,000. He has no plan to take the sale proceeds to USA rather willing to invest the entire sale proceeds in India (for buying a new Residential House Property) in the next one month (The property sold was bought through the income from Indian sources only). Even he is ready to pay all the required taxes that Indian Income tax authority asks for. But he got advise from his CPA USA that even if he re invest entire sale proceeds and gains still he has to pay tax in USA for this transaction.

How far this is true? Can you share the wordings in DTAA whether something has been indicated in respect to such case?

Even if he wants to take the money to US after paying all required taxes in India, does he still need to pay taxes on such income there in the USA?

It will really be a great help with your answer. Many thanks in advance.

Can any1 help me with the procedure of winding up of a newly incorporated subsidiary Company. The promoter have not paid the subscription money also and a year has passed since incorporation

Hiiii every one...

I want to make career as portfolio manager & in the share or stock market.. Plz suggest me How much it would be beneficial if I say that my dream is to make huge money..

Plz also tell me How should I approach for this..

Dear Sir,
I had subscribed to a noted online tax filing portal for filing my belated return for AY 2012-13AY in Sep,2013.I used to fill in the income and capital details slowly every day as I have professional income ,rent and capital gains income(in Fy 2011-12) and I was efiling for the first time.My return preparation was incomplete on 17 sep,2013 when I received an email message from my efiling portal that my returns for AY2012-13 has been filed.I was shocked and immediately sought explanation from the portal as to how without my clicking the efile icon my incomplete returns have been filed ,but I received no reply till date.
MY QUESTION IS
What to do now? Can I REVISE my returns?Should I OR shouldn't I send the signed ITRV to CPC? please GUIDE me as to how I can file a complete and correct return now?
Its URGENT.
THanks in advance

I sold my house which I bought in 2003 for 15 lakhs 607 sq ft. sold for 20 lacs in december 2010 . I also invested that 20 lacs in capital gains account in Indian bank. I searched for property to buy for 2.5 years from jan 2011 to feb 2013 for around 20 lacs but failed to get as hike in price of property. I decided to buy a land and construct a property in the month of march 2013. I also withdrew my 70percent (15 lacs)of money from capital gain account for the construction work. Probably I will complete the construction by end of nov 2013. incase I could not complete the construction by Dec 2013. what will be the indicators that i have to face. And when i have to file .

my returns are initially filed in mumbai. but for last ten years or more i am filing my returns in surat. even though my it jurisdiction is shown as.that of mumbai. i have applied to concern authority for change of jurisdiction long ago but nothing is done in the matter. please advise further actions in the matter.

What does overbooked challan mean?? I have filed return for the first quarter and second quarter for the F.Y. 2013-14 for which i have received a notice for First quarter for overbooked challan. Kindly provide a solution for the same.

dear sir i am student of ipcc nov13 when i read fm in working capital i have confusion over calculation of debtors my confusion is whether it calculate on total credit sale cost or selling price please confirm asap thanks in advance

Sir,
I have taken termination on july 22/13 but i send form on september 9 to the institute.I didn't join in new firm till now what was the procedure to join in new firm and with in how many days i have to send rejoining articleship form. Actually this delay was due to samaikhyandhra asitataion
please give correct guidance to me