Please advise :

ABC India is a trader which purchases finished goods from dealers and sells to its customers.
1. Can ABC india also procure raw materials and send it for job work , so that job worker makes/assembles the final product and send it to ABC india, who sells the final product without charging any excise duty ?
2. Is service tax applicable on job work if job workers total bills in a year is less than 10 lakh ? is 10 lakh exemption limit is on job work value or value of raw material converted to finished good ?

a pvt. ltd. company has invested in mutual funds, for which it is receiving dividend income. whether it is taxable?

is it compulsory to take consent of all shareholders for giving balance sheet & p/l for less than 21 days separately. if yes than what is specific format for it, or we can assume that , this consent also covered in form 22A.

Mohan ltd. Purchased goods on credit from sohan ltd. on 6th may 2010 for ₹86000 which is paid as ₹15000 in cash on 11th may 2010 ₹30000 by a bearer cheque on 31st may 2010 and ₹41000 by an account payee cheque on 16th may 2010. The amount of disallowance under section 40A(3) is....
(a) ₹15000
(b) ₹30000
(c) ₹41000
(d) ₹86000

dear sir,
I obtain form 109 for transfer. and what are the document i have to attach along with form 109 to send ICAI.
After that for re-registration what are the documents I have to send along with Form 103.

Plz tell me as early as possible

if a client has claimed a tds refund and it is yet receivable,then in which class of asset it should be placed????
long term loans and advances or short term loans and advances?????

Hi Friends,
A Firm started on 12.6.2013,doing restaurant services.Firm got gross receipt upto 7 Lakhs from the period 12.6.2013 to 31.8.2013.Firm require to get Service tax registration,Any penalty impose in this situation?.

I hold 25pct shares in a Pvt Ltd Co duly registered under the Companies Act. I retired from active involvement in 1999. The Company continued operating with the MD and a wholetime Director but they slowly n steadily siphoned out more than 1 crore thru HV Drafts into Benami accounts or by large bearer cheque withdrawals.
They refused to hold any meetings either but filed fabricated annual accounts with the ROC (found out by me years later after a mad run around).
In 2002, they informed Principals that they had taken over all business of the Pvt Ltd Co and started a Partnership firm from the same office as the HO of the Pvt Ltd Co(PLC).
They informed some of the authorities that they were closing down the PLC and even encashed a large Guarantee Bond filed with Bombay Port Trust years earlier.
I managed to freeze some of the PLC accounts with the banks as I was a signatory to them. I even managed to get some statements from the banks which showed huge withdrawals to unknown entities (using the fact that bank computerised statemts do not show the name of the beneficiaries).
I have lodged a formal complaint with the ROC but very little is happening; though lately I heard that the ROC has filed cases against the two Directors for not holding the AGM and for not filing annual returns.
In turn, these two Directors have in 2010 filed on line for voluntary winding up of the PLC under some bogus Resolutions they claim passed without any meetings being held.
The PLC has assets running into 30 lakhs, I have done tracing of another 35 lakhs held in their Benami accounts and I hear they have purchased paintings worth another 40 lakhs at cost.
Where do I start I just do not know.
Can anyone advise me

Can there be a same address for different companies?

Please suggest

Dear Sir,

A private limited company is constructing a private freight terminal (Rail linked ICD), is the company liable to pay service tax on work contract. please suggest me.