We have issued a bonus shares to share holders of the company & one of share holder is also employee of the company. Is there any FBT liability for bonus shares issued to employees.

Sir,

Ferro molybdenum is classified under Chapter 72 under HS code : 72027000.

As per the custom tariff notification No: 02/2009 dated 2-1-2009, the basic custom duty applicable for HS code : 72027000 is 5%. However as per custom tariff (as available in CBEC site) is custom duty for HS code : 72027000 is 10%. why this difference in rate ? Please advice

what is the due date for remittances on TDS deductions made during the month of March 2009 including provision for salaries for the month of march 2009 under which section

Experts,

Rule 30 of IT Rules says "amount credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls" is it applicable to all calendar month of only for March.

Please clarify.

Is it possible to join an industry on secondment basis?? If yes, wat r d requirements??

Will income tax department (nsdl) issue unique transaction number to every person,co,firm,etc.

what will be procedure to allot this no.

one of our client is starting a company. i heard that the name of the company bears the name as "INDIA" OR "HINDUSTHAN", the authorised capital will be less. can anyone please mail the details of the above features. Very urgent. the propsed company will be a private limited co.

Incoem tax return filling compulsory under income tax act if tax payable is zero.

Pl reply.

Dear Sir/Madam,
I have the following doubt:

Before the Companies accounting standards rule came out,the following was the situation--
Companies were required to follow Sch VI requirements and also the AS as issued by ICAI and in case of conflict,the SCH VI would prevail.

Then the above rule came out which provides as a note that the auditor has to ensure that AS 1-7 and 9-29 are followed by companies.
It further provides in its annexure that these standards are meant to be in comfirmity with law,however if there is a conflict due to any SUBSEQUENT AMENDMENTS IN LAW, the law shall prevail.

My question is:
Does it mean that at present the situation is that the AS overule SCH VI but only upon any subsequent amendments in SCH VI the law will prevail??
How to answer a question in the exams?...as per AS or as per SCH VI?

Kindly reply at the earliest.

Thanking You,
Regards,
Minal S. Vora,
M.Com

Dear Sir/Madam,
I have the following doubt:

Before the Companies accounting standards rule came out,the following was the situation--
Companies were required to follow Sch VI requirements and also the AS as issued by ICAI and in case of conflict,the SCH VI would prevail.

Then the above rule came out which provides as a note that the auditor has to ensure that AS 1-7 and 9-29 are followed by companies.
It further provides in its annexure that these standards are meant to be in comfirmity with law,however if there is a conflict due to any SUBSEQUENT AMENDMENTS IN LAW, the law shall prevail.

My question is:
Does it mean that at present the situation is that the AS overule SCH VI but only upon any subsequent amendments in SCH VI the law will prevail??
How to answer a question in the exams?...as per AS or as per SCH VI?

Kindly reply at the earliest.

Thanking You,
Regards,
Minal S. Vora,
M.Com