Hi can anyone help with the following:

Company A deposits with Company B(of which A is a promoter) share application money in 2001. no shares have been issued in respect of share application money till 2009. B wants to return Share application money to A with interest on amount.

Courts have held that long term deposits of Share Application Money should be treated as inter corporate loans. question arises -what then is treatment of share application money in the instant case?

further issues:

case laws stating share application money as loans?

case law/commentary which spell out who can give a loan and to whom?

case law/commentary on how loan can be paid back?

Accounting standard treatment of the same?

As per new notification Service tax applicable for SEZ units,so if order is lumsum i.e for both supply & installation then what will be the service tax rate applicable?

Can anyone give me the deatil list of acounting entries to be passed for provision of Income tax.alongwith the advance tax paid and TDS receivable.

Whether the entries for provision of TAx are shown net of advance tax, tds receivable, provision written back etc or the advance tax,TDS is shown separate?

Dear Sir,

We are transport contractor & we paid labour charges for repairs of our trailers and the party produced the bills without charges service tax on it, will it attract service tax or not,

I have first housing loan for which I am claiming rebate at source.
My question is, if i take second home loan now, will the amount of interest paid to Bank after deduction of rent income be eligible for tax rebate at source?
Should my company consider this and give me appropriate rebate while calculating the taxable income? Or do I have to claim this rebate while filing my returns?
In case if it is while calculating my salary then what all papers i need to give to my company? kolgesandeep@yahoo.com

Hello Everyone,

in our co the charge has been created of Rs. 9.5 crore with ICICI Bank in 2006. and in 2007 it has been reduced to Rs. 8 crore and then after some time to Rs. 6.5 crore and the co has defaulted in filing form 8 with ROC for modification in charge with in the time limit.

now the point has came to know, please let me know how should i go for CLB approval? what are the other compliances and is there any other alternate to come up with this situation?

what is the difference between excise duty and sales tax? please elaborate. how we pay excise duty and when we pay and to whom we pay.

we are real estate developers, can anyone tell me about the applicability of service tax means when we are liable for service tax because we are not offering any service.

what is the difference between excise duty and sales tax? please elaborate. how we pay excise duty and when we pay and to whom we pay.

one of my client is in business of civil construction.During the year his receipt was 2500000/- less TDS.Howver the project got closed in between and expenses incurred were only 200000/-.In this should he declare higher income or 8% of 2500000/- is fine.Will there be any problem in assessment.