is it possible for section 25 company to buy back its share and if possible then what is the procedure?

In the present case the Firm has used its Overdraft Account to repay one of the Partner towards his capital account. In this connection the Firm has paid interest on its OD Account but has not charged interest to the concerned partner and has taken it in Expense Account.

I wish to know as per IT Act and under which section whether the expense shall be allowed/disallowed to the Firm?

Dear All,

I want to know the procedure to file the income tax returns for AY:2010-11 and 2011-12 now. When I am trying to file the return through online, it says "Due date is over".

Kindly confirm whether I can file income tax return now or not. If I can please let me know the procedure. Thanks.

sir, i m pursuing CA and my articleship is going on ,i have registered myself for two additional courses CS and B.com(IGNOU) .
i want to know that can i continue these courses with my articleship. or if not then what are the actions which can be taken against me?
will i have to cancel my registration of B.com or postpone my exam till i complete my articleship.

If partner invested Rs. 100 and receives Rs. 120 at time of retirement, what are the tax consequences on the extra amount of Rs. 20

Hello Good AFTERNOON SIR,

SIR I HAVE APPLY ON TAKE SERVICE TAX REG NO.
BUT I HAVE NO NO IN TILL TODAY REG NO ISSU IS THIS A SOME PROBLEMS. CAN I HAVE APPLY ON SECOND TIME TO SAME PAN NO. PLEASE GUIDE ME

THANKS IN ADVANCE
BHAVESH MEHTA

my saving bank interst is rs. 100 for the year 2010-11. wat happen if i do not mention this in my itr..


can ITD leave me because amount is very low...

We have get Sponsorship Invoice from our vender.
Invoice Amount Rs.3,00,000/-
ST under Reversal @12.36% Rs,37,080/- which is not included in invoice amount(it is spartanly shown in bill, just for information they mentioned) .
Kindly advise me on TDS deduction, whether we need to deduct on rs, 3,00,000/- or on Rs.3,37,080/- .

Thank you

A company strike off in the year 2009 by ROC for non-filing of documents.Now the company wants to restore the name.
Last documents filed by the company in ROC for year 2002.
Kindly anyone can help in this matter
What doc to be filed
In which bench the petition should be applied
and any other matters you consider necessary for this process

We have Received one Sponsorship Invoice from our vender.
Invoice Amount Rs.3,00,000/-
ST under Reversal @12.36% Rs,37,080/- which is not included in invoice amount(it is spartanly shown in bill, just for information they mentioned) .
Kindly advise me on TDS deduction, whether we need to deduct on rs, 3,00,000/- or on Rs.3,37,080/- .

Thank you