if professional fees received is 26 lakh including service tax i.e gross amt and excluding service tax the amt is 24 i.e net amt.so whether tax audit is applicable.if yes then how

sir , if anybody ask sales turnover , may i. said sales turnover with sales tax or with out sales tax. pls clarify.

dear sir/madam how to compute income from house property where a part of the building is leased and balance part is let out for monthly rent

respected sir,
my total income for ay 2012-13 is below taxable limit .as the time allowed for filling return for ay 2012-13 is lapsed, e filing website is not accepting the return .but when we opts for filling under sec142(1) ,the return is accepted . please some one tellme that is it safemethod or not
thanking you

I had went to a Hotel in NOIDA I have been served food of value Rs 500 but they charge Rs 700 from me. I want to ask what kind of tax they add and what are there rates even it is service tax, VAT or Surcharge.

Dear All,

Can you help me with the latest company formation procedures as per the company act 2013.

Regards
Sachin

I have submitted the all three forms for incorporation but received big mail for amendment as below.
2.INC-8 is not stamped 6. in MOA sl. NO must be in numbercials, it must be as per Table "A" in MOA//aOA phtos not enclosed , AOA must be according to table "F" the word "to be filled in hand written
WITNESS, PHOTOS NOT SCANNED. ALL DECLARATIONS TO BE MADE ON STAMP PAPERS. MOA AND AOA ARE NOT AS PER TABLE 'A' AND 'F', SUBSCRIBERS' SHEETS TO BE DULY VERIFIED. AOA TO CONTAIN DEFINITION OF PRIVATE COMPANY, AUTHORISED CAPITAL AND DIRECTOR'S NAMES
Rule 16(1) (a) not complied with (photo on MOA &AOA ii)Witness may comply with Rule 13(1) of Companies incorporation rules,.2014. INC-8 not on a stamp paper. INC-10 seal of the notory is not clear. All the scanned copies to be self attested. IN AOA the definition of the private limited clause not furnished. Intial capital of the com. is not reflected. The first directors of the com. not mentioned. The articles relating to one person com. may be deleted. In the winding up clause the word Chapter XX may be deleted. MOA not filed. The promoters to rectify the same in one go since only one RSUB chance is allowed now

please suggest me how to proceed with the same

Regards

Respected Experts,

I'm a Final Student, my exams are due in November 2014.

Now Hardly 130 days are left before exams.

My Preparations Level is 0%.

I have to pass this exam.

I'll give Grp 1st only in my 1st attempt.

There comes a little fear about SFM & Financial Reporting in my mind after listening to many views of CA Students about its difficulty.

I have Sridhar Book for SFM , whose physique and language also scaring me a little bit. Plus i don't have any Book or any notes for Financial Reporting. Also I haven't attended any Coaching for a Single Day.

Is Sfm & FR really difficult?
Should I purchase any other book for SFM?
Are 130 days too short to crack Grp 1?

Original Situation

Mr.A in taxable limit . he transfer Rs 10,00,000/-( According to section 56 (2) vii any sum of money received from relative is exempt) to his wife fixed deposit bank account. During the year Mrs A earn interest of Rs 80,0000/- .Mrs. A has no other income
Mr A want to save himself from clubbing provision.

Suggestion
Mrs. A make a loan agreement of Rs.10,00,000/-(in non judicial stamp paper) with Mr A on 1.4.2013. According to agreement Mrs. A pay interest on such loan (at year end) to Mr. A @ 0.1% .so this arrangement can not to be said as gift. Mrs. A make his B/s and profit and loss a/c in following manner.


Balance sheet of MRS A (Proprietor)
(for the year ended 31.03.14)

Loan from Mr. A 10,00,000/-

Investment
Fixed deposit in SBI
Fixed deposit in CBI
5,00,000/-
5,00,000/-


Profit and loss a/c
(for the year ended 31.03.2014)
To interest paid to Mr A @ 0.1% 1000/-


To net profit 79,000/-




By interest received from
SBI 40,000/-
CBI 40,000/-





Please tell me whether the above agreement of loan between Mr. A and Mrs. A is said to be “adequate consideration”?

Can Mr. A save himself from section 64(i)(iv). ? Whether this type of tax planning is possible. If not than what is best alternative.

tell me about bond washing transaction