Dear All,

My query is as below:

One NRI is living in Dubai and his wife came to India to purchase prooperty in Mumbai. He wants to transfer fund in his wife saving a\c in Mumbai and from that amount she can purchase the property in her own name. The husband will show this amount as gift. Amount is approx 50 lacs.

Q.: Is there gift tax will attract and what is alternate to save the gift tax?

Regards,

Vishnu

Please reply whether registration of Lease Deed is necessary or not???

Hi,

One of my client is starting a new business of purchasing dryfruits in bulk and packing & selling them under a unregistered brand name at a big scale. Whether this amounts to manufacture as per excise act, also please let me know what are the other regulations applicable to this concept.

For your information they will be doing all this trade by way of forming a company form of organisation.
Regards,

Jimmy Shah
email id: cajimmyshah@gmail.com

Sir
One of my client is in receipt of an Intimation u/s 200 A of IT Act to pay a penalty of Rs 5000 towards late filing of TDS returns for Q2 FY 12-13.Whether any remedy available for my client to escape from this penalty.If no remedy is available pls advice in which challan it can be paid.Kindly clarify since the delay is applicable only for 26 Q or it will be applicable for salaraies in 24 Q?.
Thanks & Rgds

We have to submitt form 15CA & 15CB for the physical import of goods OR Not?

Good Afternoon Sir/ Madam

A well know organisation (our client) have conducted a pre-counselling fair for engineering students at netaji stadium for which they have paid to the netaji all the charges and for the same TDS have been charged by the person concerned at netaji.
The organisation has 80 member colleges, Now my query is that -All the members colleges were now paying rental charges for the stall in the fair to that organisation - now should the organisation also charge TDS for providing the stall there in the fair

Respected Sir
Im Supratim Ghosh from kolkata
I want to know the journal entry of following
Q.1)Sold good for cash and paid into S.B.I Rs 1000.
Q.2)Drew for office cash from U.B.I Rs 3600.
Q.3)Transfered from U.B.I to S.B.I Rs 500.
Q.4) U.B.I allowed interest Rs 120.
Q.5) S.B.I charged interest Rs 80.
Pl sir ans my questuion and say the reason,as soon as possible.
Regards Supratim Ghosh

Hi,
I had a small query. if u know the ans pls let me know..

my query is...
1) Is Cop is cumpolsory to represent a client with income tax office?
if no can as an employee in audit firm can i represent??

2) can i take cop and work in a audit firm?
if not possible, what is the remidy?

Hello,

Please can any one tell me the VAT rates in Karnataka for below items:-

1 Plastic Pots
2 Tetracotto pots(clay pots)
3 Charcoal
4 Coconut Husk Chips
5 G.I Hanging wires
6 Ceramic Pots
7 Metal Pots/Planters Decorative(G.I)
8 Fertilizers(NPKSORGANIC)

Sir
Iam taking artical ship traning and this my last year.

i want transfer please tell me how i can do that.