Dear sir,
In ITR-1 (AY-2011-12) of a salaried employee having Salaried Income more then 10 Lacs & in a tax bracket of 30% one SB a/c interest is shown & 2 other SB a/c interest is not shown. The other 2 a/c don't have any wrong or suspicious transactions.
The above case is selected for automatic computer selected scrutiny and now assessee is showing the bank a/c to A.O. & interest is around Rs. 5000 only.

My Question is :- What are the minimum & maximum Tax, Interest & penalty etc. will be levied by A.O. & any other action which may be taken by the A.O.

Dear Experts,

Can you please tell me what is the minimum Capital requirement to register a multi level marketing Pvt Ltd company or Direct selling Company?
Or
Ih there any limit of mca to register a mlm company, like minimum 1 cr. capital required for this?

what other registration we should take to run a multi level marketing company?

MLM Like :::--- AMWAY
Oriflame
Please suggest
Thanks & Regards
Ankit Sehra

Dear Sir,

In case of a pvt ltd company one charge was created on it and the company did not filed the form- 8 with in 30 days. Charge was created on 10.02.2013 and form- 8 was filed on 26.02.2013. ROC was seeking for condonation of delay for which we got several reminder but client did not filed it.

Now they are going to take a fresh loan from the same co. Now my questions are:

--Whether they can register a fresh charge without clearing the condonation of old one?.

---What is the status of old loan as i got an email from the ROC that the Company which has taken loan they would be marked NTBR (Not to be taken on record) necessitating you to do fresh filings again.

We are registered in Service Tax under Erection, Commissioning & Installation.

We have provided the services of Labour/ Manpower supply in the month of August-12 and continue to provide this service. We are raising bills under revise change system.

We have amended our RC in July-13 and add the Man power supply agency in the list of services.

Now we are filing return for the period July-12 ~ Sept12

1. Can we file the return now.

2. For Example we have provide the Service of Rs. 1,00,000/- in partial Reverse change system
While filing the ST3return in Payable-Quart-Service B1.6 which amount we have to provide

If we provide the Value Rs. 1,00,000/- than the Service Tax Payable shows Rs. 12000+240+120 but as per the Reverse Change the Service Tax Payable is Rs 3000+60+30.

Please advice.

I Want to know whether is applicable or not on purchase of ERP Software.

If a normal unit other than eou export goods outside india; whether liable to pay excise duty or not / is the case they will be once charged and then they can claim refund of duty.
What are the provisio applicable to eou and sez related to export of goods in realation to duty ?

Hi, my wife has PAN card with name after marriage while her form 16 contain name before marrage. There is difference in middle name and last name present on PAN card. So how to file ITR in this case?

Hi Friends, i have a doubt regarding cost of acquistion in the hands of the assesse.

Mother Transferred land as gift to daughter under a gift deed as on 01/05/1999 value mentioned in the gift deed was Rs. 195000/- and later on on 26/05/2012 the daughter(Assesse) sold it for Rs. 39,00,000/-
mother had purchased the same in the year of 1979 and the value is not known as there are no documents regarding the purchase.

The assesse never filed return of income ever before. And Assesse gifted the sale consideration to his younger son.

The assesse is already have two house properties in her name( whether department verifies if i say i don't have house and purchase a new one)
The younger son with his brother purchased another house.
my doubts are
what is cost of acquistion?
what is the capital gain?
what are the exemption which the Assesse can claim?
If the department finds that son has house and asks for source what can we do about that?
Are there any other tax planning Routes.

Thanks in Advance
Manohar
nachiketha@mail.com

A Financial Service provider has a Prop. firm and ST registration in Firm's Name he is deducting ST on Professional Services

He in his individual Capacity also provide rental service value 5 lac

Now my question is
1. weather he needs to deduct ST on Rental Service as the limit is 10 lac
2. weather same Reg no will be used for all kinds of service provided by his firm or by himself

plz reply urgent

I have heard rumours regarding change of course in context of IDT and ISCA and I am going to take classes in october for Nov. 14 exams so Whetheri should opt for coaching in oct. for both subjects. please help me in this regard.