Dear Expert,

Pl confirm the procedure of Direct Mutual Fund.Which website follow & register.
This week I have purchase Two New Mutual Fund through SIP for long term i.e
1)SBI Emerging Fund
2)UTI


Thanks.

ITR4
Part BS

No Account Case
1. Amount of the cash balance - Does this also include fixed deposits in banks?

2. I do not have debtor n creditor balances bcoz most of the business on cash basis.therfore I receive cash and cheque. plz ans. me that cash in hand asked in itr4 will that include bank balance or not.

3.i've NP rs. 105000. do I have to equalize my cash-in-hand & bank bal. with NP.

What is the procedure of registration/formation of wholly owned subsidiary company(which will be a pvt. company)?

What are the minimum requirements of directors and share capital for subsidiary company?

Who all can subscribe to the share capital of that pvt subsidiary company?

Dear All,

Can any body tell me that, is there any penalty chargeable under ST for non payment of our ST due till 31-03-2013 along with interest.

Further, if ST upto march has not been paid till filling of ST Return, then what will be the consequences regarding the same.

ST due is approx 60lacs.

Can a Company pass a "one time resolution" authorising Director/any other person to represent Company to attend for all the General Meetings of the Company or such BR is required for each General meeting.

Draft Resolution:
“RESOLVED that pursuant to the provisions of section 187 of the Companies Act, 1956, Mr. _____________, Director /Authorised Representative of the Company be and is hereby authorized to act as the representative of the Company, at all the General Meetings and Annual General Meeting of the members to be held by _______________________ LIMITED, Mumbai of which the Company is a member.”

"RESOLVED FURTHER THAT the said authority given to the Director/Authorised Representative shall remain in force till another resolution superceding the same is given to (Name of the Company)."

“RESOLVED FURTHER that a copy of the resolution duly certified be sent to _______________________, Mumbai.”

FOR (Name of the Company)


DIRECTOR

sir if i filed return late in month of september can i revise it or not.

Is there TDS rate of commission on "Net profit"? Under what section it is applicable?.
Is there 20% TDS for any type of commission? If so explain it.

Hello,
earlier i used to file annual return and claimed refund for outstation sales. From Last assessment year the returns are being filled quaterly. For the first quarter return, the refund was claimed for the tax refund of the quaterly sales and the refund unpaid for the last year was also mentioned in the annexture. after one year During refund order, the sales tax officer executed the same and i brought to his notice that the last year refund has already been disbursed. The officer took back the order, not before i had taken the photocopy of the same and now he is saying that the refund order is cancelled and nothing further can be done as refund order was generated and revised return is not possible, kindly advise.

HI

MY QUERY IS THAT WE ARE TAKING SERVICES OF PACKERS & MOVERS FOR THE TRANSPORTATION OF HOUSEHOLD GOODS. SO ARE WE LIABLE TO PAY SERVICE TAX UNDER REVERSE CHARGE MECHANISM OR SHOULD TDS BE DEDUCTED IF PAN IS AVAILABLE.

THANKS IN ADVANCE.

Dear Sir/Madam,

I am working in automotive manufacture company as a accountant
I need information about service tax on the hotel for given the tea and coffe
In this hotel shown the service tax as well as vat
Service tax 50 % of assessable value @ 12.36% and vat 4 % of assessable value in invoice it correct or not
Example: Tea = 1000
Vat = 40
ST = 62
Total = 1102/-