Sir,
We receive payments of warehousing of TEA from principal Auction brokers,in turn they deduct service charges from our bills, for processing our payment on behalf of Garden owners.As we are supposed to deduct TDS on this deductions,we pay TDS in march'2013 for the entire Year and amount of service charges so deducted,and deposit in bank.On receiving challans we ask them for reimbursement of deposited amount which they pay subsequently.
This year one of the brokers insists on issuing cheque in my personal name instead of Company's name,as mine is a proprietorship concern.
Can i accept this cheque ? and if yes how do i adjust in my company account ?
Please advise how to move about in this case.
regards,
ashok thakker

A Pvt. Ltd Company had held its AGM on 30th Sept,2012,which was a Sunday.While fixing the date of the meeting,they did not check that it was a Sunday.After filing the Returns with the McA,they received a show cause notice from McA for violating the provisions of Section 166 of the Act.As a Consultant,please advise,what should be the proper explanation to the said notice?

WHETHER VOLUME OF SALES TRANSACTION PUT IN THROUGH COMMODITY TRADING HAS TO BE TAKEN FOR 44AB AUDIT. ELSE WHAT IS POSITION OF COMMODITY TRADING FOR INVOKING AUDIT U/S 44AB

Whether the TDS is deductible on sea freight paid for inland transportation of containers ? I think yes TDS is deductible.Please gide me.

I have a company in India, we are planning to open a subsidiary in US...wat is the procedure and wat is the rbi guidelines?
Should i compulsorily open a subsidiary?

MY CA FINAL EXAM IS DUE ON THIS NOV.. MY PREPARATION IS WEAK. I WANT YOU TO SUGGEST ME HOW I SHOULD START MY PREPARATION FROM NOW ONWARDS. KINDLY ALSO TELL ME A GOOD REFERENCE BOOK FOR DIRECT TAX AND INDIRECT TAX...

Please confirm if my understanding is correct for AY 13-14--

Any salaried employee if he is getting exempt income under sec 10 like HRA, LTA, conveyance allowance, need to file ITR-2, if this exempt amount exceeds Rs 5000/-.

Does PPF interest and Gifts received is also considered exempt income or tax free income. Are they required to be shown in exempt income "Section EI"

sir,
can a partnership firm distribute remuneration and pay interest to its partner in case of loss.
partnershipp deed contains remuneration limit same as per it act but also says that in case of in sufficient profit remuneration and interest only to the extent of profit.
Thanks in advance

Dear Experts,

What is the Treatment of Suspense Account in the Bank Account ie debit entry are not traceable by the Management.
Can we show the same in the Balance Sheet as Suspense Account and Impact of the same on the Profit or Loss of the Organisation.
Please Advice !

Please clarify that i hav filed my income tax return upto A.Y. 2007-08. Now I want to file my income tax return from there.

whether I can file the return of all the 6 year from A.Y. 2007-08?

What is the amount of penalty and interest there on?

Please provide all the relevant details.