Hai one of my client wants to go for an housing loan and the bank manager is asking for the IT Return with income statement, in which format shall i prepare his statement?

Dear Sir,

My client who was running his business as a sole proprietor is no more and hence his legal heir is willing to cancel the Proprietorship registered under my client's name.

Kindly suggest the steps to be followed for closing a proprietorship business. Will the cancellation of VAT registration alone do the needful for cancellation.

Regards,
Dhanabal. A

Dear Sir,

One of my client is running a business of selling handicraft items in Chennai. He has another barnch in Pondicherry.

Can he purchase the handicraft articles in Pondicherry and transfer the same to Chennai branch. If such internal stock transfer is done, what is the implication of VAT / CST?

Kindly suggest if any specific Forms have to be furnished for making a internal stock transfer.

Thanks & Regards
Dhanabal. A

Company wants to dispose of its assets namely land and bldg, plant & mach , other assets as it has discontinued operations.

Query

a) Can it adjust profit on sale of land and bldg (Block A) agaainst loss on sale of other fixed assets (Block B) for tax purpose ?

b) can it adjust Loss on sale of Plant & Mach (Block C) from profit of Land & Bldg (block B) ?

c) Can it declare this as sale of business divison and thus entire block of assets goes out of books then what is the tax impact?

Plz anyone explain me section 312 of companies act...

Dear Sir ,

If WCT has been deducted from our bills , then we have to submit the VAT or not .

And if the VAT liability is less than the WCT deducted , then shall it be refunded ??

Kindly comment .

Hi friends,

Please guide on -
1. what is the time limit for holding first statutory meeting of a public limited company which is the mandatory requirement for obtaining Certificate of Commencement of Business?

2. What all forms and documents needs to be submitted for obtaining certificate of commencement of business of a public limited company?

3. Is there any specimen format in which the minutes of statutory meeting are to be submitted for obtaining certificate of commencement of business?

What are the rights of doner of a donation given to any charitable trust.

can a religious trust use the donation received by him for a programme organised for celebrating birthday or the samadhi day of their guru, where only the deciple of the guru are allowed to attend the programme and they are paying for the cost of the programme.
Can a trust who has having 80G registration, and the donation received by it is exempted (50%) in the hand of doner, can deny the permission to general public to attand the programme without paying the amount they are charging for the cost of the programme organied by the trust. They claim it as inhouse programme but using the donation received from the general public by them.

I have kept deposit with the bank where i fail to provide PAN, hence bank has deducted TDS @20% and bank are denying for giving TDS certificate.

Now my question is,

1. How I claim the TDS amount which is deducted by my bank.

2. Is there any specific form to claim such types of TDS.

3. What can I ask to my bank for a documentary proof of deduction of tax other than interest certificate.