Sir, what tax provisions would be applicable in the books of closely held company, if it issues shares to a resident at face value and not market value.
Eg-
Share Capital and Free reserves of company are 3,87,00,000/- and it has existing share capital of Rs.10,00,000/- divided into shares of Rs. 100/- each. This Company issues fresh shares Rs. 100/-each to existing share holders.
What would be tax implications in the hands of Company and shareholders.

Thank you
Best Regards

Hi,
If Someone's salary is 25000/- How much TDS will deduct?

Dear Sir
Please guide me for internal audit procedures for hotel industry in both financial and non financial terms.

In tally, we generally check the purchase,sales,debtors and creditors scrutiny.please guide some other tally features or audit tools which can be useful for ledger scrutiny in tally.

sir,
once a client registered under service tax then it is compulsory for him to file nil return of service tax in following years when he will not earn any income/receipt from service providing
and what is charges/fees for application of service tax no.

Can a tax auditor be able to revise the form 3CB-3CD already filed with e filing portal and also approved by the assessee. This is required on account of a mistake detected after filing and approval.

If employer whose responsibility to deduct tds but does not dedeuct and because of 31st july is last date of filling return how the employee could fill the return as the tax had not been paid and without that the return is defective.....plz advice

Dear sir,

I like to know that whether the person has to file Income tax return for trading in Share and Stocks or not?

If file the return , what type of ITR should file? pl clarify it at earliest.


Pl clarify that what do you mean without delivery?
Regards,

TS Ganapathy.

i do not have a pan no
i have a fd in my name on which bank has deducted tds
my tds in not reflected in form 26as
should i claim that tds on the basis of tds certificate given by bank?
plz let me know wat should i do

An individual want to transfer Rs. 25000/- p.m. to bank account of his mother so that Rs. 25000/- p.m. may be transferred to Recurring Deposit account of his mother.

Please advise in context of income tax provisions.

Dear Sir,
Suppose there is two entries of payment in 26Q return.
Both entries have pan no. of single person.
After filing return it is realized that 2nd entry belong to another person.
Now I have to file revise return by giving Pan and name of 2nd person.

When I download consolidated file from trace and here I have two options -

1. Select update option in 2nd entry and change the Pan and Name of deductee and create fuv to upload at nsdl.

or

2. Delete the 2nd row and insert a new row and entering the 2nd row data again with new Pan and name of deductee then create fuv.

Please advise me.
Thanks in advance.