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| Accounts | |
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Posted On : 12/8/2013 2:30:12 PM |
Shares why cant a company issue equity shares with different face values? eg. company placed an IPO of shares with face value of 10 but now it places fpo with face value 15 ? |
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Posted by :
D.Anil Posted On : 12/8/2013 12:53:15 PM |
Costing of overheads Our firms is a trading concern.we sale various products . we are planning to implement a costing system to know exact profit from each product . If we apportion all indirect overhead costs to product on the basis of sales value of each product, is it appropriate or there is any most suitable method for cost apportionment of indirect expenses to products? |
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Posted by :
Namit Bhatnagar Posted On : 12/8/2013 9:37:36 AM |
Query can i have solution to Q:52 chapter inventories cpt accounts book |
| Income Tax | |
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Posted by :
abhishek kedia Posted On : 12/8/2013 4:14:15 PM |
143 (1) I have received intimation u/s 143(1) and received refund as claimed but at the time of filing return I have not claimed one tds amount deducted by bank as it was not in 26as at that time but now it is showing and I want refund of that also. So how can I demand refund? Whether I can file revised return or I have to go through 154 and if I have to go through 154 then please tell me the process. |
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Posted by :
siddharth Posted On : 12/8/2013 12:59:03 PM |
Mergers and amalgation Dear Everyone, Our client had 3 companies A, B and C. Companies B and C sells all of its product to Company A. All the companies have common members. However in order to avoid stringent domestic transfer pricing provisions and for common administrative purposes companies B and C were merged with Company A. The scheme of amalgamation was approved by the High Court in Sept 2013 with retrospective effect from 1st April 2012. Companies B and C used to also charge rent and commission to Company A.My queries are as follows: 1. For the AY 2013 -14 we have filed a single return of company A.It has deducted TDS of Company B and C. So how can Company A claim TDS credit of Company B and C. As the deductor and deductee cannot be the same the 26AS of company A will not show the TDS credit So how should Company A claim the TDS credit of B and C in it's return. Should we make an application to the TDS officer. Will he allow us the credit and entertain such requests? 2. As the order of the court has come on Sept 2013 with retrospective effect from 1st April 2012 Companies B and C continued business till AUG 2013 and have made sales to Company a and have charged excise, rent, commission service tax etc on an invoice. can it issue invoices.As the inter company transactions from 1st April 2013 to Aug 2013 are going to be cancelled(invoices will be cancelled) can company A take CENVAT credit. The registration certificate of excise and service tax of B and C has been surrendered in Oct 2013. Should B and C pay duty to the government for transactions with company A. 3. As TDS has been deducted for rent and commission till Aug 2013 how should A deal With TDS of B AND C in its return of AY 14-15 Thank You in advance. With Best wishes, Siddharth |
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Posted On : 12/8/2013 11:54:37 AM |
Alternate minimum tax Hi friends, How AMT can be calculated??Is it simillar to MAT for companies??Is these computation also required to be disclosed to government??If yes, then how and when?? |
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Posted On : 12/8/2013 10:16:25 AM |
Capital gain on sale of house property Sir, If a person purchase a house property in Aug.2005 and sold it in nov.2013 how to calculate capital gain. What expense can added in purchase price loan brokerage etc. If he wants purchase new residence from the money what is time limit. what type of expenses he can claim to reduce his capital gain tax . Thanks |
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Posted by :
cheenee Posted On : 12/8/2013 8:22:06 AM |
Capital gain what comes under capital gain |
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Posted by :
LAKHAN Posted On : 12/8/2013 1:26:24 AM |
Incentive on target is taxable under if a person has income 8000/month from emloyee received in bank about to 9000/month received in cash as per target of sale achieved then amount of 9000 is taxable under which head ? |
| VAT | |
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Posted by :
ravindra g yadgude Posted On : 12/8/2013 12:58:54 PM |
Recification application under cst act EXPARTY ORDER PASSED UNDER CST AC IN MAR 13 DEMAND OF RS 3 LAC, CAN I FILE RECTIFICATION APPLICATION, OR FILE APPEAL AGAINST ORDER THANKS |
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Posted by :
Ganesh Posted On : 12/8/2013 2:18:43 AM |
Cst Diff Inter state sale and Intra state sale ? |
| Service Tax | |
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Posted by :
swati aggarwal Posted On : 12/8/2013 4:21:26 PM |
Service tax whether any manufacturing concern take the credit of service tax paid to GTA?After abatement of 75%? |
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Posted On : 12/8/2013 1:33:31 PM |
Under reverse charge mechanism In Builders service - Construction of Residential Complex Reverse charge is applicable in Goods Transport Agency But transport agency was paid service tax on that service and included in bill amt..then builder is also liable to pay ???? |
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Posted by :
Ravindra Posted On : 12/8/2013 2:42:38 AM |
Threshold exemption where a person has taken a bata franchise and providing services to that as per law exemption of 10 lacs cant be claimed but my query is that is the person is providing services to brand not to other people whether he can avail or not.. |
| Students | |
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Posted On : 12/8/2013 4:01:25 PM |
Ipcc anybody pls tell me which is best for ipcc coaching in HYDERABAD and BANGALORE and tell me best institutions in both the cities pls answer as soon as possible thanks in advance |
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Posted On : 12/8/2013 3:56:52 PM |
Atc certificate Dear Sir/Madam, This is to inform you that I have successfully passed Group-1 of IPCC i.e ATC in NOV-2011 attempt and joined the articleship. Now i am on the verge of completion of my articleship in MAY-2015 still 1.5 years left. Under the rule of ATC it has been stated that after completion of 1 year of articleship under a CA with successful completion of ITT and Orientation program, the student can get the ATC certificate. Now my doubt is that can I get the ATC certificate after the completion of my articleship i.e 3 years although I have paid the fees at the time of registration of IPCC+ATC? Please guide me. |
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Posted by :
jai chandra pandey Posted On : 12/8/2013 1:51:21 PM |
Cost problem please explain with example through put accounting system ,for cost ca final. |
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Posted by :
rohit Posted On : 12/8/2013 12:16:31 PM |
Income tax sir, (i) is redemption of debentures for cash a tranfer? is yes, why? (ii) is selling debentures to another person a transfer? is yes, why? (iii) is conversion of denetures a tranfer? reason? |
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Posted On : 12/8/2013 11:01:19 AM |
Exceptional transaction. What is exceptional transaction in bank internal audit. How exceptional trns. Check in finacle software. |
| Others | |
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Posted by :
Navina Shirke Posted On : 12/8/2013 3:29:43 PM |
Revised tds return Hi, My Client submit original TDS return in which he has number of parties that he deduct TDS at 10% instead of 20% because he does not have PAN number and now the default notice was come and that parties not traceable now client ready to pay additional 10% tds but how should I reflect in revised return plz help me Thanking You |
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Posted by :
kiran Posted On : 12/8/2013 9:51:57 AM |
Ptoject report format dear sir I need project report draft for sme loan to startup new electronic service centre |
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Posted by :
deepak Posted On : 12/8/2013 12:11:37 AM |
Scaffolding on hire business sir, we are in business of hiring of scaffolding materials which tax should we charge to our customer & its rate pl suggest. thanx |
| Excise | |
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Posted by :
sushil roy Posted On : 12/8/2013 12:12:13 PM |
Creadit taken in current year of previous year input M.S. Flat purchased (qty. 20 MT)previous year as on 21.03.2013. By mistake quantity has not been maintioned in FORM-IV Stock Registore, now we want to shown in current year stock register. Is it possible |
| Career | |
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Posted On : 12/8/2013 3:59:03 PM |
Job I am looking for a job in costing field in karnataka, i have completed ICWAI(inter) have three years Experience in accounts & taxation dont have experience in costing,kindly help me if any one come accross any job vacancies. |
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Posted by :
vijay kumar.N Posted On : 12/8/2013 2:39:53 PM |
Ipcc Sir, iam vijay I registered under direct entry scheme. I finished my orientation and ittp course now iam thinking to take coaching for ipcc group 1 in chennai. But before I write the exam I should do 9 months articleship. But I cant do articleship along with coaching. I can write exam on may 2015. If I take coaching now for may 2015 exam the syllbus might be change. So m confusing wheather to do article 1st r coaching.. Please make my self clear by gving sugestion for dis. |
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Posted by :
hima patel Posted On : 12/8/2013 9:15:51 AM |
Course which course is better CPA ya CFA in addition to Ca |
| LAW | |
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Posted by :
Shwetha Lakshmynarayanan Posted On : 12/8/2013 12:02:56 PM |
Can a company become a 70% partner in a partnership firm? Facts of the Case: Two individuals A & B. Have about 10 Partnership firms. All these have have them as common partners along with other individuals. A & B also have a Pvt. Ltd. Company. The business of all these firms and the Company is "Builders & Developers". A & B started a new firm for every new building or redevelopment project that they got. That is how the no. of partnership firms got increased. Today due to the increasing compliance procedures (VAT, Service Tax, income Tax, ROF Reg, etc) they are planning to run the entire business in the name of the company. But since closing down all the business will not only be tedious but also expensive, they plan to firstly admit the company as a partner in the all the firms. the proportion of capital and profit of the company in the firms being 70%. Since the company is not even an year old, this would increase its reserve base as and when the profits of the firm is transferred to the company. Once all the existing projects of the firm is completed, all the new projects would be then taken in the name of the company. The company MOA has a clause which allows it to enter into partnerships. Query: Is this possible, considering the provisions of the Company Act, 2013 as also the provisions of the Income Tax Act, 1961? Awaiting for a reply. Do consider all the matters and the possibilities and the consequences.. |
