A ltd has 60% Shares in B Ltd which inturn has 20% shares in C Ltd. Also, A Ltd hold 14% shares in C Ltd.
As per AS 18, A ltd has substantial control over the financial or/ and operating working B Ltd and B Ltd has significane influence on the financial or/ and operating working of C Ltd.
Also, its clear that A Ltd holds significant share in C ltd, directly as well as indirectly.
My question is how much do we consider A Ltd's hold? 14% + 12% (20% Of B Lts's shares)= 26%, signifying a significant influence over the business or 14% + 60% = 76%, signifying control over the business.

sir,

we are having factory and office within the same city. however in service tax registration we have mentioned the factory address and availing service tax as input credit. whether we take creditfor service tax for bills addressed to office address even though the same is not registred in service tax registration.

DEAR SIR
PLEASE LET ME KNOW SERVICE TAX ON LABOUR CONTRACTOR i.e CLOTH STITCHING OR EMBROIDERY WORK ANY SERVICE TAX IS THERE. IF YES THANE WHAT IS LIMIT

THANKS & REGARDS

RAJESH NAGDA

Applicability of TDS on professional fees payable having Indian PAN who is in India since 14-02-2013 staying in rental apartment in Mumbai since then.

He will be providing his services in India as an cinematagrapher. He is from JAPAN

Kindly inform me, under which section should i deducted tax from fees paid to him.

Good evening sir,
we have to file an appeal under sales tax but i m confuse for drafting the grounds of appeal , actually the issue is we have received the Fresh C Forms After completion of assessment and we want to get the benefit of these forms and these forms were taxed at the time of assessment. So please sir help me that how can i draft ground for appeal.

Thanks

sir i want to know the date on which fixed asset (i.e. building) is to be recognised as fixed asset in the book ? whether on the date on which it is ready to use or the date when it is put to use ? plz clarify the same in light of accounting standards and guidance note if any issued ?

My brother had gone abroad in March 2012. His income (from salary & interest) were fully taxable in India for the year ended 31st March 2012 being resident at that time. Now he enjoys the status of being NRI and earning salary abroad which is taxable there. How should he file his return for the AY 2013-14.

He has some deposits in the form of FDR which had been made when he was a resident. There is interest income on the same for AY 2013-14 and also TDS on it but the interest income is less than the prescribed taxable limits i.e. less than Rs 2 Lacs. Should we file showing his residence status as "Non Resident" and show his interest income only which is earned in India and claim the refund of tax deducted thereon. Also he is having a house loan on a house situated in India where parents are residing. Would he be able to claim the deduction of interest paid on housing loan during AY 2013-14. Please suggest.

I am a Chartered Accountant having qualified in May 1986 and an Associate member of ICAI since then. I did my Industrial Training with one of the leading global / foreign banks in India. Post qualification, I decided to join Banking sector and have since thereafter worked for over 27 years with some of the leading foreign / large private sector banks in India at senior management levels. I have recently left banking services w.e.f February 2013 with a view to create my own set up as Financial Advisor including practice as Chartered Accountant. I have also applied for COP w.e.f April 2013 and already proposed to start a proprietary firm for practising as Chartered Accountant. I am also in the process of selection of few semi qualified CAs to assist me in this venture. Few of my banking colleagues (who may not CA but have good experience in Banking) are also willing to join me.

Being part of Corporate Banking world, I have business association with good number of large/mid market corporate clients/promoters in India. Given my varied practical experience in Banking for almost 3 decades, I am very confident to handle Bank audit. I intend to apply for my empanelment for Bank audit during forthcoming process.

I understand the criteria for empanelment includes period for which the audit firm is in existence, number of partners in the firm etc etc. Given my strong background in Banking, can you please suggest me how should I proceed for my empanelment for Bank Audit during current year ??

Your guidance in the matter will be highly appreciated.

Best regards and Thanks.

WHETHER LAST DATE FOR SUBJECT ST3 HAS BEEN EXTENDED OR IT IS 25.04.2013

Sir,

The Nuns and Rev. preists working in Christian Educational Institutions are only signing in the salary muster but they are virtually not recive any salary in their behalf. In that how the TDS will be collected from them? Is there any specific exemption or notification granted to NUNS and FATHERS WORKING AS teachers in Schools.

Please give the circular or notification reference if there is any exemption?

CA.A.Joseph Amul Raj