We are part of large Group

The Facts in the matter are

Our Group Company A has lend other group company B a unsecured loan of Rs 7 crores .Four years back

Company A was in resturant business and suffered heavy losses and at present Accumulated income tax loss is Rs 15 Crores . Since the company A left with no Funds to repay the amount to creditors .


Company B has no options just to outright purchase the business of company to adjust the loan outstanding .

How shall the company B shall reflect the business takeover of A as per Income tax .

One of the employee is working in Canada.

His salary is fixed in INR and we pay in USD by crediting his salary account.

Should we deduct TDS on Salary?

If yes then can we give him the benefit of HRA(Rent paid in USA) etc?

pls reply.....Thanks in advance.

We have recently launched a software product in complete packaged form to be sold of the counter.

We are appointing distributors. The product price is Rs 10000/- + vat If individual approaches us we sell at Rs 10,000/- +vat each.

For distributor we sell

at 7500+vat each for first 25 no's ( Invoice Raised 7500+vat each)

thereafter at Rs 6500/-+vat for 26-50 slab( Invoice Raised 6500+vat each)

thereafter at Rs 5500/-+vat for 50-100 slab( Invoice Raised 5500+vat each)

thereafter at Rs 5000/-+vat for 100 & above slab( Invoice Raised 5000+vat each)


will there be any problem with vat(maharashtra)/cst. Or Income Tax.

Right now excise is not applicable to us.

I want to know whether revenue stamp is affixed on every payment vouchers exceeding Rs.5000 i.e cash payment or cheque payment

Whether revenue stamp is required to be affixed on voucher for payment of Rs.6000 by cheque

A Pvt. Ltd. Company was incorporated on 12-12-2005. Since its incorporating, there is no activity done/taken up. It has also not applied for a PAN/TAN No.

There are two directors and they want to voluntarily wind up this company. You are requested to kindly inform us the procedures for winding up in context to
1) Corporate Law
2) Income tax

Thanks
Deepak Saini

I am in Private Limited Company.
we are procure Milk, Process and Selling to Distributor.
For procurement from farmers and selling to distributor we are paying transporation to Individuals on 10days basis (around 80000).
However there is no scope for LR as they are the employing just vehicale and driver.
All other activity is done by us.
1) My question is, whether service tax is applicable?
2) Under which section, it applies to us?
3) What is the procedure if it is applicable?
Please guide me.
Thanks in advance.

What is the equivalent status of Passing CA/ICWA inter and Final.
Pls make me know abt this.

Dear Experts
Seasons greetings.

I have query on
"will service tax regn compulsory for exporter of services which are exempted from service tax liability" is there any reference

Thanks

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