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Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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Vipin Kumra   13 August 2012 at 15:48

Conversion into llp

Can a company transfer its stock in trade to its 100% subsidiary and then later convert the subsidiary into LLP.

Please guide asap

Thank You

Ranjit Singh   13 August 2012 at 14:17

Lime limit to claim refund under mvat act

Dear Experts,

What are the time limit to claim refund under Maharashtra Value Added Tax Rules and/or if it is possible to get it carried forward to the next Year.

Regards,

Ranjit Singh

GAURAV   12 August 2012 at 22:52

Is it benami property

Sir, If I purchase property in the name of my minor son, will it be treated as benami.

munish   12 August 2012 at 12:24

Coparcener take cash

Can anyone tell me that is huf coparcener take cash from huf of Rs : 2 lac and returned money after 3 months to huf. Is it violation of 269SS and 269T ? If no any citation.

pooja dedhia   11 August 2012 at 23:47

As -2 and discount

In trading business,frequently it that on purchase of bulk quantity seller of product gives the discount.

sometimes this discount is calculated on the basis of turnover of purchase booked and purchased during the financial year. Even purchase has also no pre idea about it?

How to calculate the cost of the product?
how to recognized discount on purchase in books of accounts?

munish   11 August 2012 at 21:41

Interest disallow

I WISH TO DISALLOW INTEREST EXPENDITURE IN TUNE OF SURPLUS MONEY ( CASH IN HAND ) , CASH NOT UTILIZED FOR ANY PURPOSE BUT INTEREST PAID TO BANK. CAN ANYONE TELL ME IN WHICH SECTION I DISALLOW INTEREST AND CAN IT MENTIONED IN 3CB.

hetalsangoi   11 August 2012 at 21:12

Payment of purchase consideration of flat to builders

when buyer of flat making payment towards purchase consideration of flat to builders, is it require to deduct tax and then make to payment?
if yes from which date is it applicable?

hetalsangoi   11 August 2012 at 20:41

As -11 applicability

accounting std 11 to whom it is compulsory?

how to do reporting in audit report by the auditor in foll case:-
1.client has both import & export business.
for accounting of same he used book purchase & sale on the basis of mercantile method. when he made payment or received payment , do not debit or credit the foreign fluctuation account, but at the year end he convert the outstanding balance at the closing rate as on 31.03.2012. he claimed the out put will come one & same if he has followed the accounting as per as -11.


Is he right?

gopalaswamyb   11 August 2012 at 08:27

Tax on partion of property-tamilnadu

Earlier the stamp duty or tax for the partition deal was Rs 10,000/- irrespective of the value of the property if it is with in the blood relation. prior to this it was nil . what is the latest ruling
Whether A partition deal which was drafted during 1996 and enjoyed by the individuals till date has to be redone after probation when the conditions in the will is not altered
what does the law says. in the case of Tamilnadu pl guide

Member (Account Deleted)   10 August 2012 at 09:18

Service-tax

I am working as a full-time Co. Secy. in a Ltd. Company on contractual basis and I am drawing monthly professional basis.Organisation is deducting TDS against my fees.Will it be necessary for me to obtain registration under the Service Tax Act?