Dear Expert,
i have a query, company has registered under section 25 companies act 1956, the audited financial statement has not been signed till date, i would like to know is it possible to sign today and what would be the penalty and condition which i have to follow, pls make it clear in detail through example and also provide me the section which will clear my doubt.as soon as possible
thanks
What is G.N(guidence note)? &
why it is issued by ICAI?
FACTS
A Non-resident Indian (resident of Saudi, Citizen of India) wishes to sell an immovable property for Rs 2.00 crore. The said property is an ancestral property and was inherited on parent’s death. The fair value of property to be taken as cost of acquisition is 1.00 lakh.
The property is not an agricultural land.
The purchaser is a resident.
The proceeds will be remitted to NRO A/c of the NRI and then to be repatriated to Saudi Arabia.
QUESTION
What is the rate at which the purchaser should deduct Tax at Source?
Form 15CB/CA In the event that purchaser does not deduct tax, is it sufficient that the said NRI pays self-assessment tax on long term capital gain?
Further say only a portion of the consideration like 50 lakhs is repatriated, then will Self-assessment tax proportionate to amount repatriated will be sufficient for issue of Form 15CB/CA ?
DTAA with Saudi Arabia
According to DTAA -Tax is leviable in the contracting state in which immovable property is situated.
SIR,WHAT IS THE MINIMUM WAGE LIMIT FOR DEDUCTION OF E.S.I.C ?
Please Tell me the procedure for applying in Industrial training prog? HOw can I apply & what will be the requirements ?
Hello everyone...can anyone tell me why cost sheet is prepared?what is the exact objective behind it?
Thanking You in advance!
I recently filed my IT returns for the AY 2013-14. I made a mistake by choosing a wrong ITR form. As per the new rules from IT department people who have tax exempt income of more than Rs.5000 should fill ITR 2 instead of ITR 1, but I filed my returns using ITR 1 form. I sent the ITR - V to the Income Tax Department - CPC and got an acknowledgement that my ITR - V is receieved.
Is this a big mistake? If yes, please help me to rectify this mistake.
on 31st december 2007 the last day of accounting year of x ltd. purchase stock worth rs.500000 this is what??
1)transection
2)event
3)transection as well as event
sir,give answer with explanation plz....
Dear Sir,
In f.y. 2011-12, turnover of my one of client was about 25 lacs and in f.y. 2012-13 it has reached to 110 lacs.
In fy. 2012-13 he has paid about 5 lacs to a company for the job work of iron sheet bending by laser machine, of the Iron sheets purchased by my client.
As the above transaction attracts liabilty on my client to deduct tds u/s 194c.
Whether his liability to deduct tds arises from the fy. 2012-13?
or
it arise only from the fy. 2013-14, as fy. 2012-13 was his first audit year.
Please advise me.
Thanks and Regards.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Sign on audit report by the auditor