Sirs
I need to invest my income from short term capital gains in a long term specified asset as under section 54 EC.

Though the section specifies that only capital gain from long term assets can be invested in these specified assets, i need to know Whether there is any provision or case law that will enable me to claim exemption u/s 54 EC for investing short term capital gains.

( I ask this under the assumption that ultimately the gain is transferred to the government through the specified assets mentioned by it )

My client is a Commission Agent for the manufacturing company, he only receives the commission after getting claring the payments from the customers. The manufacturing company raise the invoices to his customers and gets the payments after the credit period (say 45 days). The commission agent raise his bill only after clearing the payments by the cusomter to his manufacturing company. My doubt is, for the invoices raised during the month of Jan-09, the commission agent raise the bill only during Mar-09, what is the service tax rate applicable, is it 12% or 10%

X a private limited compnay engaged in the provision of software services( Not registered as an STPI Unit) to the compnaies with in the group and the softwrae services are exported with out obtaining IEC.
1. Is it required to take IEC, as the services are provided to the group compnaies only
2. If IEC is not taken what are all the implications
3. What are the obligations to be fulfilled if IEC is taken and software services are exported.
4. What obligations to be fulfilled for the exports made before obtaining IEC.

A reastaurant purchases cold drinks and is given incentive/discount by the supplier for 2 years. According to the deal a sum of amount 12,000 will be released in the first year and the othere sum of amount 12,000 will be released in the second year once the target is achieved. Please suggest entry for this transaction.

1.What would be the tally entry in the first year and 2nd year.

2.Is incentive/discount given by supplier considered as indirect income if not, then what it should be considered under.

3. Should it be considered as incentive received or discount received,while opening an ledger a/c.

Hi.
My doubt is should we include the holidays like Independence day, Deepavali etc in our leaves or not?

Should we consider them to be the working days?

an unlisted company went for public issue and after listing it again went for public issue.minimum subscription is applicable to the issue after the listing ? becoz according to Act minimum subscription is applicable to first allotment only.is there any provisions regarding this in sebi guidelines?

an unlisted company went for public issue and after listing it again went for public issue.minimum subscription is applicable to the issue after the listing ? becoz according to Act minimum subscription is applicable to first allotment only.is there any provisions regarding this in sebi guidelines?

Hello all.
If a person is carrying on the business of share trading regularly should it be taxed under Profits and gains from business or profession or under the head capital gains?

Ours is a private Limited Company . We have given unescured loan to one of our Group company which is a public limited company .Is it require a board resolution ?
Please help me .

Dear sir,

I want to form a 100% subsidiary Company of foreign company in India. Now the private limited company require atleast two director and two shareolders. How it would be possible with one share holder as the said company would be 100% subsidiary of he foreign company who would be holding all the shares.