Sec 42(1) prohibits the subsidiary holding shares in holding company.

What is the logic behind this prohibition?

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Will TDS be liable to be deducted on payment for advertisement exp. to Pensa Media Solutions Pvt. Ltd which has been an Authorized Google AdWords Agency in India since January 2011?

Please reply.

Will TDS be liable to be deducted on payment for advertisement exp. to Pensa Media Solutions Pvt. Ltd which has been an Authorized Google AdWords Agency in India since January 2011?

Please reply.

I have not yet received 143(1) of AY 2012-13.I am salaried person ,I submitted my revised ITRV in month of AUG 2012.I am told that 40to50% cases are still pending for assessment.Is it true?
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If fixed assets purchase by paying cash above Rs. 20000 then whether depreciation on it will be deductible and if yes then please can you give me information of that circular if any.... thank you

We have a cenvat credit available as on march 13 of ten lacs...the credit is for services from july 2012 i e. From negative list approach...we have initialy not claimed the same but as on mar13 we have balace of ten lacs...in service tax audit tax is payable on some items from 2008 as pointed by serive tax officr....can we utilise this cenvat credit for payment of old dues?? Or we have to pay in cash...

Hello,

We are a SEZ Unit and have procured capital goods by availing custom duty benefit.
Now if we sell it to below customers, do we have to pay customs duty?
1. CUSTOMS DUTY EXEMPT customer in India
2. Customer in India in any other SEZ

Regards,
Naresh Singrakhia

hello considering the articleship periods for ca 3years cwa 3years-after latest notification cs 15months.... How can one finish all of them simultaneously?? Dummy articles for any 2 of them?? How is it possible???????????????? please explain.. Thanks in advance.. :-) :-)

how to calculate TDs on rent & salary

I am a partner in an Indian LLP. By mistake, a lower capital contribution (25%) was recorded for me in the original agreement and documents filed with MCA. However, the profit share ratio is correct (30%). I paid only 25% of the capital contributions. If I want to maintain a clear 30% interest in the business, do i need to correct the capital contribution? If i dont, what is the drawback?
More fundamentaly, what does the capital contribution determine?
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