Anonymous

Dear sir,
I am a A/c holder of NRE a/c in india and made a FD and earn Interest. whether it taxable in india.

plz tell me what i do.


AAYUSHI KHANDELWAL
29 April 2013 at 16:15

Want to be file 2nd qtr return

Dear sir,

We not filed return from 2yers of service tax return . Now we want to be file 2nd qtr of 2012-13 . If there is any possiblilty of any notice from department or not.

Would we file return ?????
Please reply fast because 30th april is last date.....


Mayank Borana
29 April 2013 at 16:14

Cs company law reference book

Respected, please suggest me for cs executive (company law module-I) reference book of best author.


Hiren J. Mandaliya

Respected Sir,

There is one company A Ltd. having authorized and subscribed share capital of Rs. 1,00,000/- and another one proprietory firm of Mr. B. Mr. B is one of the director cum shareholder of A Ltd. also. Both are in same line of business of Clearing and forwarding.

Now sir, A Ltd. wants to take over the business of properitory firm of Mr. B. than My questions are :

1. I want to know what is the legal procedure and compliance under the income tax act and any other law ?

2. At what price the A Ltd. can purchase the assets of properitory firm of B means how the valuation of B's assets can be done and How the purchase consideration be calculated and discharged?

3. What is the position for Capital gain for Mr. B and how it can be calculated?

4. Is there any demerits for any of above?

5. How much Expenses are incurred for this procedure?

I hereby attached the balance sheet of properitoy firm for the reference.

The Abstract of Balance sheet of B is as under:

Capital : 2662790
sec. loan: 33868
curr. liability: 3133348
Fix asset : 325208
Curr. Asset: 5504798

Respected Experts, Kindly Reply soon it is important for me.

my email Id : cahirenjm@gmail.com or anjnakhant@gmail.com



Anonymous
29 April 2013 at 16:07

Capital gain

I have inherited the agriculture land from my forefathers. The said land was used for agriculture purpose for many years.After few years it was converted into NA and sold.
Whether the profit will be a Business Profit or a Capital Gain ?
I have invested the profit (Capital Gain ) in the Residential Property within the time limit. Whether I will get the benefit of Exemption?


Ashwin Prajapati
29 April 2013 at 16:03

Tds on internet (ontime installation)

Hi Sir,

Will be TDS applicable on onetime installation charges of Internet Amt. 11,236/-, 16,854/- & 16,854/- (Inclusive Service Tax).

Total Amt. 44,944/- of Same vendor

Regards,


Sushant Mahajan

If an assessee providing service of Transport of goods by road is exempt from service tax payment since the recipient is liable to pay it, then under which notification, both prior to 01.07.2012 and after that, the assessee can claim exemption while filing the service tax return?

Please answer, it is very urgent.


vadivel
29 April 2013 at 15:52

No tax deduction

Good evening everybody,

my friend is in railway ticket booking agent. he earns the commission from ticket sales. which is below the taxable limits past three years. which is deducted tds form the railway dept. he need to no deduction certificate from ITO. what is the procedure.



Anonymous
29 April 2013 at 15:15

Investment and deposits

respected sir,
please discuss the difference between investment and deposits from the point view of taxation.
whetherincome earned from investment shown in balance become income from business or becomes other souce of income .please discuss


Nisanth C S
29 April 2013 at 15:10

Excise - adjustment

Dear Friends,

I am working in a Public Limited Company, and we are dealing with Excisable Product. We were paying Monthly Excise payment.As concerned with date of Payment, it was coming on every 5th. But in year end we need to make the payment on 31st Itself.

my doubt is that, if we paid more than what we want to pay, Can we adjust the same in the next month?
(For Ex: March Liablity is Rs.100000, we paid 110000/-, can we adjust that Excess rs.10000/- in april payment.

Expecting your replies.

Regards

Nisanth C S





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