my family owns some land and to save tax they decided to make a pvt ltd company and buy the land and issue shares to the family members accordingly ,now we want to divide the land ,we do not want to sell it ,every member needs posession of the land we bought it for 150 rupee /sqft and now its 750 rupee /sqft . now my question is how can we divide it so tat i can get the posession of land

Thank you

Dear Sir,

I am an accountant and worked with Digicable Network Pvt. Ltd. Company as a data entry operator. I am worked in store and raised a monthly bill Rs. 19500.00 and mentioned on bill "Being Charges for data feeding for store receipts & issues".

My Yearly Income is Less than 10,00,000.00

I asked only two question regarding this matter.

1. What tds rate will applicable on my bill.

2. What Ledger to be made for booked of Expenses.

Thanks
RAM CHANDER

Is there any failure on part of the employer,if he has not deducted TDS on the salary amount payable to a director not paid to him as yet? If so what will be the consequences?

Hi,
Igave my pcc exam this june09,cudnt do well as i had my final yr b.com along wid it,so wasnt prepared upto the mark,got exemption in law but lost 1st grp by 4 marks,ifeel gulity of nt doin 1 qs in accs which i knew well,nw hw can i move along,hw will i b able 2 finish 5 subjcts in 45 days.sumbdy help me.pls

If the company has during the year has transfer its mutual fund investment into stock in trade (business inventory).


whether the same has amount to any change in the nature of business or profession,

can I depend on modules for PCC exam, atleast for practical papers

The interest on PPF reinvested will be eligible for 80C deduction. Then the limit of Rs. 70000 is inclusive of Interest or otherwise?

If i invest during the year Rs. 70000/- in PPF and receive interest on the same which is reinvested then what is the amount of deduction i can claim?

Will it b only Rs. 70000/- or 70000 plus the interest on it?

If face value of equity share is reduced to Rs 2 from Rs 10. then what is the face value of authorised share capital to be shown.
Suppose if Authorised capital was 50000 shares of Rs 10 each.
After reduction of face value of share whether authorised capital is Rs 500000 (Rs 10 each)or RS 100000/- (Rs 2 each).

What is the tax implications of Interest on PPF?

Interest on PPF is allowed as deduction u/s 80C, but should it be shown as Income from other sources and included in GTI?

Hello,
I have received a notice from Income Tax department u/s 143(2) saying that my case has been selected for Scrutiny through CASS.

This is for the assessment year 2008-2009, the return for which I filed online on 14-July-08.
The notice date is 12-Aug-09.

The notice asks me to appear before the Income Tax office on 15-Sep-09, with a long list of documents.

What should I do? Book a Lawyer/CA or go myself?
Also, u/s 143(2) isn't the notice to be served within 1 year from the month of filing the return?


regards,
neil