There are two pvt companies under a same management.
One of them is a loss making co. lets say A Co. and one is in profit say B co.
now i want to absorb the losses of the A co. which of the following ways is the best way to do so from income tax point of view i.e no litigation is invited?

1) Amalgamte The A co with B co.
2) Make A co. a subsidary of B co by aquiring shares of A co.
3) or if we expect profit in A co in some years down the line so let it work as it is but it will be cover by section 115JB (MAT)?
or if you feel any other way to absorb the losses of A co. plz tell me?

Thanks & Regards.

Hello,
My client purchases water for their processing industry.
Daily some 10 or 11 load in tanker lorries are supplied by the supplier.
The supplier bills the client once in a fortnight quoting the no. of loads supplied every day multiplied by the rate per load.

Please advice whether TDS is attracted u/s 194C?

Please answer my two queries - whether a company having a loss approx. 4 Crores in F. Y. 2007-08, who has already filed its ITR in time,
1. can file revise return?
2. by what time it can file so?

Is there any provision in the service tax to charge tax on Lunch supply in a factory?
Can a person suppling the lunch charge service tax and VAT both on supply of lunch?

As provisions are made on estimated basis they are not accurate. I want to know whether the year end provision is to be reversed in the next year or the bills are to booked against them.

Also as TDS is also applicable on provisions then how to make their payment.

Can Cenvat credit adjust with rental income from immovable property?

We have wrongly mentioned A.Y. 2009-10 instead of 2010-11 in TDS challan. what is the procedure to rectify it and what are the consequences of not rectifying it?? Is there is any penalty or interest liablity as i have not seen any such thing in the Income Tax Act. Please help me out

Hi All
Please can you help me in the following question

1 What is VAT? How should I explain about VAT at the time of interview?
2.What is criteria to be registered under VAT ( Mean to what turnover should be there in individual & Company)
3. What form number is used to be registered in VAT?
4. How many times are Vat returns filed and which form numbers are used to file a return(in individual & company)?
5. what is due date to file a return & challan?
6. what is treatment for Capital Asset under VAT( purchase a machinery 500000)? How will we take credit from this and what entry should be passed?
7. what is CST?

Thanks in Advance

Monia

This is with refrence to Profession Tax.
We are aware of due dates of remittances of PF and ESI remittances.
Is there any such mandatory due date fo payment of Profession Tax?
And what about the filing of returns? Any such mandatory requirements?

Whether a Branch of foreign Company can take a loan from its Head office to run the operation or for infrastructure.

if yes what rules and regulation will be applicable i.e pre approval from RBI/ FEMA or any other authority.

please suggest.