please tell can huf give gift to karta..
what are the income tax implications?

Sir,
For LLP Limited Liability Partnership -Which Provision applicable -Quarterly ya Monthly payment??& if case of reverse charge mechanism den??

Hi,

If any individual pays certain amount either on a fixed percentage or amount to portfolio managers .

Can that be deducted from the gains received from the sale of shares.

Please advise...

i completed my ipcc group 1 in last attempt. i'm interested in doing ACCA. can i able to join acca now, or after completing final. will i have any exemption , in both cases.

If the Statutory Auditor of the Company has resigned during the year and a casual vacancy is created then in how much time new Auditors can be appointed by the Company???
What is the Time limit to appoint them ???

In Company ABC pvt. Ltd., there are two directors. Director 'A' holding 70% with his relative wants to remove the director 'B'. who is the MD of the Company.But because the director B is not ready for holding any Board Meeting or EGM.

So how can we remove the director B without holding any meeting?

Beside this, the term of Director 'B' as a MD of the Company has been expired.

Please suggest, what can i do next?

I want to file ITR for AY 10-11 and 11-12 in response to the letter issued by the department for not filing the same.can i do so ?? and what about penalty of 271f ??pls suggest

Dear Expert,

We are registered with dept. as a Service Provider and we are also liable to pay service tax under Reverse Charge like-Taxi Hire Charges, Security Charges etc.but I have some doubt as follow-

1. Will registration certificate be amended in respect of each service for which we are liable to pay service tax under Reverse Charge.
2.Under which accounting code Service Tax on Reverse Charge will be deposited.


thanks

If voluntary payment of penalty is made along with tax and interest under Sec 73(4a) of Finance Act 1994, for late payment of Service Tax before issue of SCN and the same is concluded by the department also,
Can such penalty paid be an allowable expense under income tax as it is paid voluntarily?

My client is running a chit fund, he collects Rs 2000/- every month (60 months) from each member, and conducts a draw every month, the person who wins gets a prise money, at the end of the period, all the members will be alloted a plot of land each. ( developed with basic eminities like roads and water supply)
what will be the tax implications...at the time of collection of money and later on Pls guide.