Company A Merge in Company B
Appointed date 1-1-2012
Effective Date : 15-12-2012
ITR for AY 2012-2013 filed separately by company A and Company B

After Order 1) would Company A and Company B both file revised returns with company A revising return with figures from 1-4-2011 to 31-12-2011 and company B to file revised return including the figures of company A from 1-1-2012 to 31-3-2012

Dear sir / madam,

we are a manufacturing unit. we have manufactured dies & tools for our customer to produce goods as per their requirement. now we want to recover cost of dies & tools. Since we are not removing dies & tools out of the factory Excise is not applicable. but to recover the cost we are issuing commercial invoice with VAT. is this correct? Is VAT applicable on transfer of ownership?
Pls. help...

Dear sir,

sales tax department sent a letter of professional tax assessment, i don;t know about assessment procedure of professional tax and they also given a time limit of assessment of professional ta. We return file the professional tax before due date for financial year 01/04/2011 to 31/03/2012. I don't know what is document requiring for assessment what the proces.

So please solve my query as soon as possible.


Regards

Pravin Manjrekar

pls guide me for maintaining the accounts of a clothes trading co.
actually i want to know the actual duty as accountant for their jobs
and i also don't know what type of accounts i would be maintained there.
like how to start accounting
what type of accounts to be opened
in manual how to maintain bank/cash book

Dear Sir,

I wants to understand how can a Board of Directors of Pvt Ltd Company change its bank account operation from single authorised signatory to twin authorised signatory?

Brief of the case
Our company have three Board of Directors and one of the director independently handling company account as per board resolution made in the yr 2010. Now other two directors detect some irregularities in the account hence, decide to change single operation mode to twin operation mode in the bank. However the present authorised signatory (Director) is against the proposal. (Also informed that he himself holding 52% of shares of the company and other 2 directors have 40% of share holding, 20% each). Now I wants to understand that a board resolution for change of the above in the bank having two board of directors is sufficient for change in the bank?

Dear Sir,

One of my assesses is engaged in tour & travel business. He is received commission more then 5 lac.

Kindly advise to me he is liable for audit u/s 44ab or not

Dear Sir,

I am a member in practice. I have obtained a mortgage loan from a bank. I want to know whether I can accept appointment as the stock auditor of the same bank. In stock audit the auditor is required to express opinion on the financial statements of the borrower i.e. party of the bank. Stock auditor is not required to express opinion on the financial statements of the bank. So this is not a violation of the professional ethics in my opinion.

Kindly provide your opinion on the matter.

Thanking you.

Respected experts my client have registration under service tax act. he want to pay tax on menpower supply. he is service provider. how much he have to pay tax 25% of tax or complete 12.36%. please guide me.

What is the athentication code in TRACES ?

Dear Sir,
There is a person who is resident of Dubai, earning Income from FDR arising in India Amounting Rs.7000000. so please guide us what tax rate will be applicable for his income???
Is normal tax rate will be applicable or there is some special rate for NRI with reference to DTAA????