Is it necessary to deduct tds on capital receipts on compulsory acquisition, if yes when it is applicable, what are the provisions?

What is the date of setting up of the business and commencement of the business? Where it will differ and what is the implication as per IT Act?

Rates prescribed in Schedule XIV to the Companies Act, 1956 are not mandatory . But as per section 349 and 350 for the purposes of calculation of managerial remuneration availability of profits for distribution as dividend, the rates prescribed in said schedule shall have to be applied.

But what if we are not distributing dividend and we calculated net profit for managerial remuneration separately then what will be the position.........???

MY CLIENT MATURED ON 25-01-08.AS I FILE HIS I.T RETURN IN A.Y 2008-09. IS IT CORRECT OR NOT. PLS. TELL ME.

Statuary Meeting is held once in a life of of a Ltd. Company.

A partnership firm convewrted into Ltd compnay under Part IX of the Companies, Act, 1856,

My queries is Statutory meeting is compulsory for the said companies within 6 months of its incorporation.

Or

When Private Ltd companies converted to Ltd Company, in that case statutory meetiung is need to hold

If Assessee receives Gift in Kind is it taxable? What should be entry for accounting Purpose?

Pls exlain the concept of put and call option and arbitrage with a simple example.

Dear All,

I am working i a Ltd Co. Our Company has acquire the bussiness of one of our group company and we had paid Rs. 2 Crore . I would like to know the accouting entries for the same.

Thks

Dear All,

I am working i a Ltd Co. Our Company has acquire the bussiness of one of our group company and we had paid Rs. 2 Crore . I would like to know the accouting entries for the same.

Thks

Dear Members



One of my client (Partnership Firm) doing business of Commision & Brockrage. They are eligible for tax audit. so that they can file his TDS return or TDS Payment through in CD & E-payment. but TDS return is filled in 26Q is manually not in CD & payment is made by A/c payee cheque. Forth return is still not file.



My Query is now under

1, What is the penalty for it.

2, Can I disclose to department.





In advance Thanks