valuation of private companies shares : A PVT LTD Co.is owning a landed propertyonly since 1993 at a price at that time of Rs.12 lacs. At what price 100% shares be transferred when the Market Value of the property is about Rs. 40 lacs? Kishan Lal Agarwal,Kolkata

There are many ways to value shares of a company and there is

Central government , among many , new initiative to interact and better service to ordinary tax payers , have created the posts of ombudsman in some cities -New Delhi,Mumbai, Chennai, Kolkata, Bangalore, Hyderabad,Ahmedabad, Pune, Kanpur, Chandigarh, Bhopal and Kochi.etc……having wide territorial jurisdiction. The ombudsman are independent authority created to settle grievance of the taxpayers. He

Archived; click post to view. Excerpt: My Grandfather purchased a SHOP at 1975. After death of my grandfather , my father became the owner of that SHOP at 1992. My father has died on 11/5/2009. I have sold that SHOP in AUG- 2009. Cost in 1975 Rs 20000.00 Sale in 2009 Rs 428000.00 Market Value [...]

Archived; click post to view. Excerpt: Nowadays there are Real State Mgt companies who take Flat on Leave & License basis, maintain them & offer License fee to owner.I have a 3BHK Flat which I want to give to such agency. I will also incur furnishing expenses to tune fo Rs 3L. The current License [...]

Archived; click post to view. Excerpt: TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan and TDS/TCS [...]

Archived; click post to view. Excerpt: Step 1 : You should have with you two data : Last Name Date of BirthFather’s full Name Step2 : Click here to visit the site given below .  Step 3 : Fill up at least Last Name And Date of Birth in format DD-MM-YYYY . So if your birth day is [...]

Archived; click post to view. Excerpt: Now every taxpayer can   view TDS deducted on payments ,TCS  collected or Advance Tax or Self Assessment  Tax or regular assessment tax paid by the PAN holder. The online service for checking these payments are part of  a consolidated tax statement issued under Rule 31 AB of Income Tax [...]

Archived; click post to view. Excerpt: As per instructions issued by the Central Board of Direct Taxes (CBDT), it is mandatory for deductors to file TDS/TCS statements with a threshold limit of Permanent Account Number (PAN) of deductees. ReadPAN Percentage FOR TDS/TCS Return Enhanced!NSDL has put following solution for overcoming problem in filing TDS returns [...]

Archived; click post to view. Excerpt: Now the status of tax payments through challans can be verified through SMS. This facility has been launched by NSDL. The procedure of verifying the tax through SMS is as underThe tax payer can send an SMS to 575758 with a message containing the word CSI followed by a [...]

Archived; click post to view. Excerpt: I have taken a Pension Plan in Mar’07 with HDFC Under their Unit Linked Scheme (basically ULIP Pension Plan. And it will be matured after completion of 27 years but I have some confusion in my mind. Kindly advise me.I have paid premium monthly basis and units alloted by [...]

Archived; click post to view. Excerpt: In this age of information technology, there are numerous self made entrepreneur who starts a web business himself or self. As the business grow, so is the chance of converting the proprietorship concern into a company so that others-Venture Capital firms or other people can bring in capital . [...]

Archived; click post to view. Excerpt: Our widowed mother died intestate 30 years ago leaving house-property still standing in her name, not transferred to children. successors are four children; now want to sell the property and divide proceeds among themselves. Please advise whether the proceeds will attract capital gains tax or any exemption available to [...]