If a company is using Ltd (not Pvt Ltd) in its name. Its number of diretors are 5, promoters were 8 and no of shaeholders are 13(all are family members and relatives). What is the status of the company? Private Ltd. or Public Ltd.?

if amount paid to any party during a financial year exceeds rs 10 lacs will surcharge be imposable while deducting tax at source

Hi Friends,

Can a CA working as full time paid staff with a CA Firm or in bank or industry also provide Consultancy services to his clients and raise invoices for the service charges? If yes, should he get his some firm name registered or get a part time practice how & by what name he can issue Invoice to his client?

Dear member

hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.

Meenu

Hello friends
I am totally confused over law of stay of demand.Please help me in my following queries:-

1)If an assessee has taken stay of demand and files his appeal sai in CIT(A) and further loses the appeal then at what time period he has to pay demand.within 30 days of fresh demand notice or next day on which appeal is decided and in this case if he doesnt pay then from when he will be deemed as assessee in default?Will he be deemed as assessee in default during period of stay or not?

2)If he has not taken stay of demand and further wins the case will he be treated as assessee in default?

please please help

I want to promote an educational institute for professional courses in the state of Karnataka at Bangalore. My question is wheteher it is compulsory to form a trust to get registration under Karnataka Educational Act, 1983. Please explain me the formalities about this.

TDS ON CAR PARKING SPACE, WHICH SECTION. PL LET US KNOW WHICH SECTION WILL BE ATTRACTED.

hi, my pcc attempt is in may 2010, i have an option of converting into ipcc before july 31st,
my query remains, is conversion beneficial exam wise, as accounts is of 200 narks, and this has never been before (as per my knowledge), so how mych detail of studying accounts required and how much theory the icai will ask in the exams is unknown,
so what should be done, further if i convert into ipcc in may 2010, my final attempt will come in nov 2011, which is 6 months prior to my final atempt if pcc is pursued.
looking into this please sugest me as to what is better. also is there any more strings attatched to this, (is there anything i should look into before making this decision)
thanking you in advance

clarification of notification no.34/2004 dt.3-12-2004.
1- what is mean by individual consigment.
2- If a trasporter carry different parcel for different person and each bilty is less than rs 750 but truck carry goods on which transportion charge is about rs 70000 to 80000. whether transpoter is liable to service tax or not.

ONE OF MY DIRECTORS HAD FILED(WOMAN) HAD FILED HER RETURN FOR THE ASSESMENT YEAR 2006-07. Declaring her income as Rs.2,28,000.00 which also included capital gains(indexing) of Rs.83,000.00 . The tax was paid by her in normal rates as applicable to an individual.

During the assesment the income was arrived at Rs.2,91,971.00. Since special rates was imposed on capital gain,she was required to pay only Rs.7,600.00 as additional tax which was duly paid.

In the penalty proceedings however, the ITO HAS IMPOSED PENALTY OF RS.21,522.00 ON AN ADDITION OF RS.63841.00 (100% OF TAXSOUGHT TO BE EVADED ON THE ADDITION).
MY QUERY IS WHEN THE ADDITIONAL TAX ITSELF WAS RS.7,600.00 ON THE COMPLETION OF ASSESMENT SHOULD THE PENALTY ALSO NOT BE IMPOSED ON THIS TAX ONLY?