Please help to resolve following query:

One of our clients (in Maharashtra) have issued C form in the state of Karnataka for the F.Y. 2011-12 against 7 invoices. Later it came to know that there were additional 3 invoices which were to be included in C Form, but by mistake they were not included. And on the other hand, party has already submitted C Form to the Karnataka Government.

As per the current practice, all C Forms have to applied online and on quarterly basis. In this situation, how can we revise / rectify the C Form for the F.Y. 2011-12?

A CFO of an unlisted public company(but he is not and has never been in past a director of the company) seeks an interest free loan which is 5 times the amount of his CTC! Promoter has agreed to give the loan orally. what are the various points/ issues that need to be taken care of? He has the signing authority of the cheques of the company. Can he draw cheque for loan to himself? Is Any resolution required by the board?

please tell me the complete procedure of transfer within one year of article-ship, and also tell me the period in which I am allowed to submit my forms(103) and (109).

Sir/Mam

1. Applicability of ESI

I was getting a Gross Salary of 12000 (Basic : 10800, Medical Allowance : 300, Other Allowance : 900). My ESI Rs. 210 was deducted.

I have been promoted, and now get a Gross Salary of 15060 (Basic:6000, GP:2400,DA:3780,HRA:1680,Medical Allowance : 300, Other Allowance : 900)Still Rs.263 is being deducted from my salary.

WHY ESI IS STILL APPLICABLE ON ME ?

2. Applicability of Professional Tax

An amount of Rs. 125 has been deducted as PT.

WHY, I DONT COME UNDER TAX BRACKET ;if Rs. 2 Lc ?

Please Provide your experts guidance.

i have completed my 2 year of article ship and still i have not cleared my 2nd group. can i go for an Industrial training ?

Sir/Madam,

A Sale is made during FY 2011-12 and the said sale is returned in FY 2012-13.
What is the accounting treatment to be made in line with provisions of The Income Tax Act, 1961?
Please provide case laws, if any.

Thank you,

Sec 194-IA requires purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more, to pay withholding tax at the rate of 1% from the consideration payable to / seller / transferor.

Form 16B is the TDS certificate to be issued by the deductor (Buyer of property) to the deductee (Seller of property) in respect of the taxes deducted and deposited into the Government Account..

Buyer or Purchaser of the property is not required to procure Tax Deduction Account Number (TAN).

Form 16B is required to be downloaded from the website of Centralized Processing Cell of TDS (CPC-TDS) www.tdscpc.gov.in.

Does anyone know the procedure of downloading this Form 16B from TRACES PORTAL?

Suppose i am second stage dealer i paid excise duty on my purchase and i sale the same to whole seller and retailer also how i impose the excise cenvat on it whether it is applicable or not if yes then how and if no then how i get refund the excise which i paid two first stage dealer.

In form 16 tax payable is zero. Is it mandatory to file ITR 1 for AY 2013-14 ?

Our company has engaged/hired vehicle for on monthly rental basis from individual service providers.

Is reverse mechanism is applicable , while making payments and how value of service to be calculated?

Service tax provider being individual ,so they are not adding any service tax.