One of my friends sold a land (for 3.2 crores) which was used for agricultural purposes (now left barren). The land was co owned by eight of them,sons and daughters, inherited from their father by a settlement deed.The price shown in settlement deed is Rs.30,000/- in 1991.The land is situated inside municipal limits.I am confused about their status, ie; whether they will be assessed for LTCG, if so as AOP or individually. They had inherited the agrl land from their father.Is it advisable to pay advance tax instals and file return for the AY 2014-15 before July 2015, or wait for a notice
Can a private limited company transfer cash exceeding Rs. 20000/- to its branch office located in another state. Did the restriction of cash transaction u/s 40A(3)applicable on transactions between a the H.O of a private limited co. & its branches.
Dear all,
I am working in a mid sized company. One Compliance officer was appointed 1 year back. he is semi qualified person (CS) but he is well experianced in the field. 6 months back the company appointed a company secretary (qualified). He has only 1.5 years experience. A cold war begun between them who capture the authority? The management kept silent and directed the compliance officer to take general admin work. the company is a unlisted public company. the company secretary wants the compliance officer should work under him. but the complinace officer afraid? how to resolve the issue? please help this is very very urgent.
what is the minimum period between final registraton & final exam should be?
Dear Sir,
I am S. Venkatesh, I am Working in Public Ltd Co, and we are receiving services for fabrication work on contract basis by contractor.
Based on work order the bill being prepared and he brings the material and do the fabrication work for our company. We are paying him based on bill raised. What about service tax? Whether reverse charge applicable or not? If yes, whether to be considered as Labour Charges, or Man power Supply, Or Work Contract basis.
We are totally confused on this matter. Please help
sir, I have registered as a article on 1st may 2012 and I want know my final attempt ? some people says that on 31st Oct 2014, you will complete your article ship of 30 months and you are eligible for Nov. 14 exams. is it ?
Hey dear friends,
One of the my client having default in ROC and income tax for non filling of return balance sheet and other documents. So now they want to close the company so whether they can apply to FTE or not? And whether they have to complied with earlier default or not? Pls suggest me appropriate solution thanks in advance
we have not paid service tax on advance received...but paid as when and when the billing is done...in some of the months the advance is received in earlier month and billing is don in next month...in such cases the calculation shows a shortfall in payment (if calculated on advance or billing whichever is earlier basis)..if i pay interest on such shortfall wehther that will a enough comliance?
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