An Indian Resident is to purchase equity shares in an Indian Company from a NRI.

At the same time the NRI is also to pay some purchase consideration to this Indian Resident on account of a current account transaction.

Can this consideration be set-off and only the net amount be paid to the NRI for the purchase of shares.

Kindly also provide a reference of the corresponding circular / section.

Dear Expert,

an Audinting & Accounting Services given by a non CA, comes under which services under Service Tax Act.

please help me.

thanks in advance.

DEAR SIR

WE ARE MFG PVT LTD CO. REGISTERED IN EXCISE & SERVICE TAX. WE ARE DEPOSITING SERVICE TAX ON LABOUR SUPPLY BY A CONTRACTOR, CAN WE CLAIM THE CENVATE OF DEPOSIT AMOUNT ON LABOUR CONTRACT.

THANKS & REGARDS

Respected Sir, i am working with a Trust, they deduct my Tds 194J, my professional remunaration is Rs 13500/-, tds 1350/- deducted everymonth,

which type of form i have to file, itr-1, itr-2, itr-3 or other.

please suggest me

What happens if a member does not fulfill their cpe requirement? Does they have to apply for restoration? Thanks in advance.

In case of Dabur INDIA SC-
An assessee classifies “Hajmola” as a Candy:
Hajmola contains 25% sugar and 75% medicine. It has the necessary ingredients as per Ayurvedic experts, which helps in digestion and control acidity. Based on its essential character and use, it is an ayurvedic medicine and not a candy. Hence, classification is not correct. [Dabur India (SC)]

But my query trade parlance has more importance than technical or dictionary meaning.
Then why technical meaning as 25% suger & 75% medicine used here. As in normal practice no doctor will prescribe it as medicine. It is just like other chocolate candies we have.


If meaning of word is not clear, refer to trade practice. If trade understanding of a product cannot be established, find technical or dictionary meaning of the term used in the tariff. You may also refer to BIS or other standards, but trade parlance is most important

I have downloaded zip file of Form 16 for FY 12-13 successfully. But when I was going to convert that file through PDF Converter Version 1.2 (New) no file was converted except two certificates. Then I used PDF Converter Version 1.1 (Old). It was converted all files successfully into PDF but in a different format (Old format with various error in file format.

How do I overcome this problem ?

Dear Sir,
We need to obtain export license to export machinery parts.
Please make me enlighten that how long time it take to obtain export license and what are the formalities for the same.

Thanks and regards.

Dear Sir,
There are 35 entries in form 26as of one of my client. Out of which there are two unmatched (U) entries.
Before filing return I should ask my client to rectify these two entries
or
I should file return and claim tds of only those entries which are with (F)status.

Please advise me.

if a X Pvt Ltd company have 5 employees (including Contract Employees) at the year end. during the year 4 employees has resigned. company is paying Gross salary Rs.30,000 to all and basic is Rs.18,000. whether company comes under purview of PF and ESIC.