AO has treated the loans as unexplained cash credit.
The assessee has received the loans through banking channels. The assessee has requested the lenders to submit the bank statements & confirmation letters and the same has been submitted during appeal proceedings.
To prove the guineness of the loans the department wants to prove the identity of the lenders but the lenders are not attending.
In such situations What will be your advise? and give us any case laws in this regards.

A is Subsidiaries company of B. and B send its all courier thr. D company.
so when D company raised bill of couriers on B company, there are some courier which are send by B on behalf of A co.
and for that B company takes money from A comapany ( for courier charges which are send by b on behalf of A co.)
Now tell me, whether this transaction should be shown in related party transaction or not

A is subsidiary company of B. and B transfer or sale some Spare & store items to A every month,

whether these transaction should be shown in disclosure of related party transaction or not and why

Employer who had deducted the taxes on salary & not remitted the taxes for the wholhoe year & the in the company is in the process of closure. What would be the status of Tax Credit to the employee ??

can any one explain me the procedure of conversion of propriety firm to private limited company

I want to know whether it is mandatory for the Pvt and Public (Listed and unlisted) Companies to prepare cash flow staement?????????

What r the responsibilty of STat. Auditor of the company, where, the company has neither get registeration of Service Tax nor depositing Service tax on freight paid, though service tax is not being separtely shown in consignement note.

Should he disclose the same in Tax Audit REport.

A pvt. Ltd. Co. incurs Rs. 39000/- on a trip for the enjoyment of employees(Only employees not their families). This exps. include bus fare Rs. 32000 and the balance is for their food etc.
My querries are
1 These expenses will be shown under which head of income....
2 Whehter these expenses are charged to FBT.....
Please answer as it is very urgent.
Thanx a lot

Dear Professionals

Pls help me in solving the following query on the provisions of Income Tax Act, 1961 (TDS related provisions)

Section 272B talks abt the Penalty for failure to comply with the Provisions of Section 139A of the said Act.

& according to Section 139A(5A) Every person who is receiving income from which tax has been deducted (i.e. TDS) is required to intimate his PAN number to the Deductor.

& under Sec139A(5B) every deductor is required to mention PAN of the deductee in various returns & payment to Department.

Noe the Query is :

Will the Company be in default if the deductee doesn not intimate or gives wrong PAN to the Company i.e. deductor?

Hw the Company file return if deductee doesnot intimate his PAN to the Company since mentioning of PAN number of deductee has been made mandatory?

Best Regards
CS.Deepika Bhardwaj

If an auditor gives in writting his unwillingness to be re-appointed as auditors of the Company then special notice is required?