Archive for the ‘Query’ Category

Allottment of shares

May-16th-2011

Kindly advice – Company A Ltd having paid up share capital of Rs. 5 lacs is presently having 7 shareholder. The company wants to allot further shares through private placement amounting Rs. 11 crores. Can it allot 10 crore shares to a closely held private ltd co.? Does it attracts holding subsidiary concept contained in

TDS on content writing charges paid to content writer

Apr-11th-2011

Sir, We have agreement with Mr.X to get content written by him for our brouchers, books, website. He charges Rs.10,000/- to Rs.20,000/- based on content totalling to Rs.1,00,000/- and above for the financial year. The query is whether we need to deduct tax from his payment? If yes, under what section and at what %

filling of PTAX Return to be done annually or quaterly?

Apr-1st-2011

TDS on Payments to CHA

Mar-12th-2011

Dear Sir, Please clarify whether TDS is required to be made on payment made to Customs House Agent to pay Customs Duty(on Pure Agency Basis). Explain pre-requisites if no TDS is required to be made. Ours is a company which has made payment of Rs.5,00,000/- to our CHA who in turn paid Customs Duty(Rs.4,90,000/-) and

Commercial Training or Coaching

Sep-16th-2010

Iam a franchisee of a XX computer centre.I want to know that