SIR, I HAVE REGISTERED FOR CS INTER AND CLEARED IPCC IN THIS ATTEMPT AND I AM DOING T.Y B.COM SIMULTANEOUSLY. I DIDN'T KNEW THE PROVISIONS OF 112 WHEN I REGISTRED FOR CS. SO WHAT CAN I DO KNOW?

Dear Expert,

Can you advice me how to built-up the career / expert knowledge in Project Finance / Banking / Institutional Finance to the Corporate / Busuinessmen.

Through Study - Books
Through Course - please specify for weekend course (Saturday & Sunday).

Regards
Pravin Jain
9221219170

I am planning to sell my land & building in Chennai for the purpose of higher education of my son. Please advise me of the possible deductions/taxes I need to suffer out of the Sale consideration. The guideline value of the property is much higher than the amount required for the education; understandably the amount utilised for education will suffer tax. Please also advise me the steps to legally avoid/reduce the CG.
Thank you for your kind reply.

i have a query
I have taken home loan with following details:
loan amount:3000000
interest rate:11%
tenure:300 months
EMI would be around 27400.

my question is If I dont's pay any EMI and I say that I will pay the full amount on completion of 300 months. What would be the amount payable at that time.

Hey All,

This query relates to hiring of a professional as a consultant by a firm or a company.
Suppose the amount paid as retainership payment is Rs 20000 p.m.
What would be the tds provisions attracted and the journal entry for the same in the books of the Employer or the person receiving the consultancy services.
Is there an service tax liability on the part of the payer or receiver.
Regards
Punit

Dear Expert,

I am working in Pvt. Ltd. Co. in India. I require the opinion that can we deduct TDS on Salary of our employees, they are wholly working on Nepal.

If TDS is applicable then as per which Section or rule.

Regards
Pravin Jain

Hi Dear All,

Can any one please tell me about item Tariff Head no.8413:81:30 and 8413:70:10 of a manufacturer company excise duty on these metrial is 6% but i dont know abt the scrap sale rate of duty and notification no. can any one plze provide me.......

dear sir,
can our ca put any restriction during first year of articleship for transfer??
my last query remained unanswered, hoping for your response.

i passed cpt and i want to join bcom frm ignou since it is by corerpondance do i have to take permision from icai

In transfer the shares from one person to another person should there be a valuation done under rule 11u ?

The below mentioned would give you a clear picture of the question which I wish to get a reply .

COB Private Limited
Sl.No Name of the shareholder no of shares percentage of shares
1 mr.x 500000 40.82
2 mr.y 563000 45.96
3 ABC private limited 162000 13.22
1225000 100


Now ABC private Limited (162000; 13.22 %)will transfer its share to some X individuals (Third Party) who are not related to promoters of COB prvt ltd at Rs.400 and these Individuals (Third Party not related) would again transfer the shares to the family members of mr.x and mr.y at 150 per share.


Does this arrangement have any impact as per I.T Act for the family members? More Specifically on Capital gains tax, section 94, section 56 (2).

Is it the capital gains tax or income from other sources? And all the three parties how it will be shown in their books?

Should there be a valuation done for the shares in terms of 11U?

Kindly take some time out and reply sir.