hlo all, can one shareholder of a closely held company transfer his shares to another shareholder or any other person at less than book value .is there any provision attracted..kindly suggest..

Sir, My question is related to closing stock adjustment and pass jv.
Our opening stock is RS. 2000, Purchase for the current year is RS.1500, Sale is RS. 3000. Closing stock mannualy taken RS.1000. I want to pass the JV for this closing stock in the system and transfer to next year opening stock. How to pass the jv.

Please help to sort out the issue

Pls any body clear with example clubing of income in income tax

Dear Experts

Section 2(20) of CGST Act defines casual taxable person.

Please advice on the following examples.

Example 1
Mr. X is a singer and he performs in various states of India. He has no fixed place of business anywhere in India. Now suppose during a FY he performs in 10 states of India, then will he have to take registration in 10 different states as Casual Taxable Person??

Example 2
Mr. Y is registered in Punjab under CGST. He has a place of business in Amritsar. Now just in one case he went to Delhi and sold some of his goods in exhibition in Delhi.
Now will he have to take registration in Delhi as Casual Taxable Person?
That is one normal registration in Punjab and second registration as Casual Taxable Person in Delhi?

regards
Shivani

Sir,

I would like to know which amount is taken as cost of acquisition in case of land or building if the purchase consideration paid is less than the market value at the time of purchase of the property?

major differnce of IGST AND CGST

Hi sir. My friend has paid the tax in the fourth quarter of 2015-16. But he forget to do file the Etds Q4 in the same year. Now he wants to file the last year's Q4 of 2915-16.
Can we file 205-16 Q4 etds now.?.
If we filed then wether we have pay fine amount ?.
And if we not filed then what problem we may come across ?.
Plz reply sir.
Thank you

Respected Sir,
one of my client is salary person and also doing shares in derived and options.at time of filing return he did not inform about share trading and file return as per Form 16.
Now he got notice 142(1).please furnish details of investment made in Shares\derivatives.
in shares trading he incurred loss.
what is solution for this.
Kindly advice for this matter
Thanks to All
Vikas

I want to change my biological fathers name to adopted fathers name in pan card. What's the procedure?

As per S. 151 of co act 2013 read with rules, On the expiry of the tenure such director shall not be eligible for re-appointment. A small shareholders director shall not for a period of 3 years from the date on which he ceases to hold office as a small shareholdes director in a company , be reappointed in or be associated with such company in any other capacity , either directly or indirectly. Does this mean that a person can never be reappointed as small shareholder a company in which he had already held such position before?