IN A FIRM X AND Y ARE PARTNER HAVING LAND OF 1 LAC. ON 1.10.2003 M AND N ADMIITED AS A NEW PARTNER AND VALUE THE LAND 2 LAC, AND DUE CREDIT GIVEN TO OLD PARTNER, AND PAID FOR. NOW NEW FIRM HAVE PARTNER M AND N. ON 1.8.2006 FIRM CONVERTED IN TO PRIVATE LIMITED COMPANY. WITH DIRECTOR M AND N. COMPNAY NOW WANT TO SALE LAND. WHAT WILL BE CAPITAL GAIN TAX IN THE HANDS OF FIRM ON A.Y. 2004-05 AND IN HAND OF COMPANY ON A.Y. 2009-10. THE SALE CONSIDERATION IS 10 LAC.

Sir,

We have an invoice Dt 21-02-2009,for Rs. 1000000 and service tax @12.36% amounts to Rs. 123600 total together 1123600.

This bill is pertaining to period for 01.01.2009 to 31.03.2009(advance).

Now, i requested for @ what rate Service Tax will be admitted to this bill.(12.36% or 10.30%)

pl clarify

Thanking you,

yours faithfully

G Ramesh babu

Dear sir,

I am appearing for the CA final Group 1 . Please help me in preparing for the exam, which are the important chapters for the 4 subjects.

i.e. 1 Accounts.
2 MAFA
3 Auditing
4 CL & SP
with regards,

R. Gurucharan.

Will anybody provide the capital gain calculator in excel or any small package where i can put the details of purchase & sale of share with rate and get the calculations automatically.

Awaiting reply.

Thanking you

TRIBHUVAN PUROHIT

one of our client had filed it return in nove 08 for ay 08-09 electronically without digital signature.

he did not get it acknowledged from the department. i think he should have acknowledged it before 15 days of filing the return. is their any remedy ?

We sell our products through website. I was wondring to know that if a buyer send remittance in our bank account for goods and takes hand delivery of goods either himself or his knowing person.

1] Is it legal?
2] Whether it's an export sale or local?
3] Should we submit documents in bank for this type of transaction?
4] RBI/Exim rules for that type of transaction?

Your suggestion/advices are will be appreciated.

If receipt of any person during the exceeds 10 lakh rupees and has paid service tax on applicable rates.

If next year his receipts are below 10 Lakhs, whether he is liable to pay any service tax (assuming that limit of 10 lacs will remain same)

And again If next year if receipts exceeds 10 lakhs then what will be tax liability and whether he will be eligible for any exemption.

Thanks

SURESH

Sir,

As service tax is to be paid on Transportation of goods. Plz tell me whether it is payable on any type of mode of transportation whether it is registered or not. Like if goods transported through trolly and frieght paid, then whether their is any service tax liability.

Thanks

SURESH MITTAL

Dear Professionals

Can a Company having less than 500 members maintain its Index & Register of Members as per Section 150 & 151 of the Companies Act, 1956.

If Yes, Can anyone provide me the soft copy of the register of members.

Thanks & Regards
Deepika Bhardwaj

please clarify me on the following 2 points:

1. is it necessary to issue TDS certificates now.

2. if original TDS certificate was lost, can assessing officer disallow TDS amount even if photostat copy thereof submitted. if he can, what we do.
if deductor is not issuing duplicate certificate what is the remedy.

regards,
ramprasad