One properietry concern whoes collection goes up to 900000 so they registered and take service tax number in the same year they collect receipt about 13lakh and paid service tax, in the next year they collect receipt of 7 lakh and paid service tax as per rule and regulation, in third year also collect Rs. 7 lakh, My query is can we take Basic exemption limit of Rs.10 lakh in third year because of collection below exemption limit from contiuning 2 years, please give me soulution and logic behind it
Thanking You

Deal All,

please let me know whether it is possible to sett off business loss against short term capital gain?

Thanks in advance

Dear Professionals

Pls help me in solving the following Query:

Present Authorised share capital of a company is Rs. 10 Crores consisting of 1 cr Equity shares of Rs.10 each.
& Issued and paid up equity share capital consist of 50 lacs equity shares of Rs.10 each.

Company wants to issue Preference shares. and for this purpose capital clause of the MOA & AOA needs to be altered.

If co. cancels its unissued equity capital pursuant to sec 94(1)(e) and simultaneously add prefernce share capital in the capital clause of MOA with same amount so that authorised share capital remains same.

Can company do so? and if yes what will be the procedure?

thanks & regards
CS. Deepika Bhardwaj

Is the excise paid during the year is shown as expense in p&l a/c. for eg.


Excise output= 30000


input= 40000

Closing Balance = 10000


what is the account tretment of above?

Hi..

my querry is can grand child's tuition fees is exempt under section 80c..?

do reply me quick as its urgent.

Regards,

Tarin Shah

We want to issue equity shares of a private limited company at premium.

What is the fair price at which we can issue shares at premium so that their is no query on the premium amount by the income tax authority???

I want to know that if two brothers are doing a manufacturing business but it is on the name of elder brother as a Proprietor & other brother is not an official partner. In this case if the brother (not offical partner) DIED then what is the good option for his family members whether to go for Partnership or ask for 50% share in written & and continue like this .
Please provide me the best option in this case.

I want to know the details if we go for partnership or show deceased partner's spouse as creditor.
please provide me the full details.

We have purchased some Excisable material on 05.05.2008, also we have taken all the benefit as per Excise Act.. Now we have decided on 31.01.2009 to return the material to supplier as it is. So by which way should we return the material to supplier so that he can take a benefit of Excise?

Plz guide us how should we go ahead?

Deduction of Tuition fees paid is allowed u/s 80C, but it is with the condition that the course should be full time.
So, my query is, whether a person doing part time MBA or Executive MBA cannot claim benefit of fees paid?
or there is anyother wayout to claim the deduction for the fees paid?

Deduction of Tuition fees paid is allowed u/s 80C, but it is with the condition that the course should be full time.
So, my query is, whether a person doing part time MBA or Executive MBA cannot claim benefit of fees paid?
or there is anyother wayout to claim the deduction for the fees paid?