In one case the aso refered to vo for valuation of land as on 1981 under sec 50c. actually the property is inherited and pruchased by the ass father in 1968 .
Can the aso send the same to vo for purchase price of the property under this sec50c? the vo has taken comparative sale instances of 1981 but the ass had gone by the basis of municipal jantri as in 1981 which is much higher then tehe comperative sales instances. THIS HAS BROUGHT THE LTC FROM LOSS TO PROFIT AND HUGE DEMAND.

What is the meaning and procedure for termination? also tell regulatory sections applicable and forms of termination.

Sir,

pl list the goods for tariff headings(HSN codes)2707,2708,2710 19 10,2710 19 20,2710 19 50,2710 19 60,2710 19 70,2710 19 80,2710 19 90,2711,2712,2713,2714,2715.

pl help me
Thanking you,

yours faithfully


G Ramesh babu

Dear Sir,

Returns of Directors are filed belated ............
and cash position is also not enough that it can be adjusted in cash........





there is a typical situation in one of my clients.
Que:- Minimum 2 Directors are required for formation of a PVT Ltd Co.
Now in the case of my client 2 Directors subscribed to Memorandum in August 2007. Now the point is only one of the Director made the payment for his share capital ie 50000/- and another director forgot to make payment of Rs 50000/- for his share.and he filed his return of income without showing 50000 as his investment in shares of this pvt ltd. while another who has made the payment and acquired his shares has shown in his personal bal sht.
Now the Question arise is
(1) Return of this Co is not yet filed for the P.Y.2007-08, now for filing of return of this co what technical issues arises and how to overcome them.
(2) what abt the co..
(3) what abt the director who has not acquired his shares and filed the return??
(4) what other points arise in this situation??????????

Dear Sir,
there is a typical situation in one of my clients.
Que:- Minimum 2 Directors are required for formation of a PVT Ltd Co.
Now in the case of my client 2 Directors subscribed to Memorandum. Now the point is only one of the Director made the payment for his share capital ie 50000/- and another director forgot to make payment of Rs 50000/- for his share.and he filed his return of income without showing 50000 as his investment in shares of this pvt ltd. while another who has made the payment and acquired his shares has shown in his personal bal sht.
Now the Question arise is
(1) Return of this Co is not yet file now for filing of return of this co what technical issues arises and how to overcome them.
(2) what abt the co..
(3) what abt the director who has not acquired his shares and filed the return??

Please let me know whether TDS has to be deducted on sitting fee of a director and the reasons for the same. Thank you

1. Can a person get a gift from his relative in foreign currency ?
2. Is it taxfree ?
3. Is he required to report to RBI in any provision under FEMA ?

have a company, we have to pay our C & Fs every month. One of my CAs says that we need to accrue the payment for their services everymonth (irrespective whether I recieve the invoices or not) & pay TDS next month ,other CA says that there is no need for accrual .We should wait for the actual bills to come & only after crediting/payment (whichever is earlier) ,we are liable for TDS deposit.Please suggest

Payment made as follow will be allowed or disallowed.
e.g.: Payment made to x transport co. of Rs. 36000 in single day which consist as below:
Rs.18000 for L.R.no.125
Rs.18000 for L.R.no.126

Dear Mr Srinivasalu

We have decided to purchase the exacavator machine within india only i.e.
interstate purchase. Please clarify whether are we eligible against C Form since we are in builders and developers.