Hi

One of our client owns wine shop he has paid license fee in the month of june2010 that is license fee is for full year from june2010 to next may2011. My query is whether we can claim full fee as expenditure for the year in which it is actually paid that is for the FY 2010-11 only. If yes please could you tell me under which section of incoem tax act.

Thanks in advance

Can you please clarify below query:

In the BM calling AGM, few agendas, i m confused on.

In this BM, Do we handover the ANuual Accounts after approval by Board, to Auditors for their report thereon ??

And then adjourn the Board Meeting and after sometimes take auditors' report on annual accounts handed over to them in original meeting?

Please guide...

one of my client has defaulted in the provisions of section 383a of the Companies Act, 1956 and has not appointed a whole time company secretary.

does this default should be reported in the Audi report as per the new format of Audit report under SA 700.

where this default should be reported as this incurs the liability of Rs. 500/- per day for the default continues.

The Paid up Share Capital is 5 Crores and company is running into gud profits.i.e. company is financially sound. in that position can we qualify the Audit report for non Compliance of Sec. 383a of the Companies Act.

I have two excisable manufacturing units under the same firm at Noida, UP. I wish to transfer raw material stock, for certain goods, from unit 1 to unit 2, as I have shifted manufacturing facility for these goods to unit 2. Can I transfer raw material for without any value addition between units which have the same ownership firm?
Regards Adhar

Hello sir,

our clients are getting house keeping servises from outsource compny. And my doubt is to whetger tds to be deducted on the amount billed. And what is the service tax pecentage applicable

Dear All,
A private ltd company had issued 99% of its shares to an NRI at its inception in 2011 of the company. However, till date the company has not filed Form FC-GPR with RBI.
The Share capital of the company is Rs. 5 lacs and it is a service oriented company with hardly any assets except an office which is also on rental basis. The company's banker at its inception were different from its present bankers. Hence the previous bankers are refusing to accept the Form FC-GPR. What is the solution to this?

Thanking you in anticipation.

one of our clients has paid ROC filling fees to increase its authorized capital. please guide if foll. accounting treatment is Ok.

Preliminary Exp Dr
to Bank

please also guide if the expense is allowable under Section 35D of Income Tax Act

In a company there is manufacturing business and they are paying excise and availing cenvat on inputs used in mfg.

Now there is another business in which they are contractors for government tenders and paying output service tax.

WHETHER THE EXCISE DUTY CREDIT ON INPUT FOR 1ST MENTIONED BUSINESS CAN BE UTILISED FOR PAYING OUTPUT SERVICE TAX ON 2ND MENTIONED BUSINESS?

PLZ REPLY...

We have been trying to up date values in etds-rpu3.5 for first quarter13-14.[26q]
Under annex i we are unable to select sec 94I.
Pl suggest a solution.
What is 41A / 41 B under sec 194I?

Explanation of the Sec 194IAand 194IB of the income tax act.