compulsory convertible preference shares

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Quoting of Aadhar not compulsory in IT return for resident of Assam,J&K and Meghalaya


Central Government notifies Exemption from Quoting Aadhaar Enrolment ID to certain individual The Central Government vide notification dated 11thMay 2017 has notified that the requirement of quoting ofAadhaar Enrolment ID shall not apply to the following individuals if they do not possess theAadhaar

CBDT invites suggestion on draft rules on valuation of unquoted shares


CBDT seeks the stakeholders comments suggestions on the Draft Rules relating to valuation of unquoted equity share for the purposes of Section 56 and Section 50CA of the Income tax Act 1961 The Finance Act 2017 inserted clause x in sub section 2 of Section 56 of the Income tax Act 1961 the Act so as

PAN/TAN will be compulsory for all fresh incorporation applications in SPICe


As part of the Ministrys efforts towards providing greater Ease of Doing Business to stakeholders Form SPICe INC 32 will be revisedw e f 21 January 2017so as to include the functionality of applying for Company PAN and first TAN allotted by Income Tax Deptt in the Incorporation form itself Applying

Compulsory Switchover of all Old syllabus CS Professional Programme students to new syllabus


ATTENTION PROFESSIONAL PROGRAMME OLD SYLLABUS STUDENTS COMPULSORY SWITCHOVER OF ALL PROFESSIONAL PROGRAMME OLD SYLLABUS STUDENTS It is informed that June 2016 Session was the last examination for Professional Programme under Old Syllabus From December 2016 Session onwards all students under Professi

Declaration of Assets & Liabilities in the new ITR forms


Central Board of Direct Taxes CBDT have released new income tax return formswith mandatory provisions of declaring Assets Liabilities AL such as cars jewellery yacht aircrafts shares properties etc Prior to Assessment Year A Y 2015 16 the Asset Liability Schedule AL schedule was applicable to filers

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Experts Opinions

Private limited company shares


hi all experts i am a senior accountant one of the software company i have one doubt My Md sir had sold private limited unlisted company shares he has 47 share of total 47000 shares 10 each Rs 4 70 000 in 2007 he had sold total shares Rs 298 per share total get the amount 47000 298 1 40 06 000 in Se

Dividend on shares


Sir Dividends from Shares are come under Actionable Claims Actionable Claims are included in the definition of Goods under CGST Act Is GST applicable on Dividends If Yes Under Which Category Taxable or exempt Please Clarify Thanks in Advance

Tax audit compulsory or not?


Hello I have a question It is very clear that being a proprietor if my business income is more than or equal to 8 6 I can simply go for presumptive taxation and no tax audit is reuired But my question is if my income if less than specified or in case of loss if I am filing ITR 3 along with financial

gstr 3b return compulsory by composition dealer


sir Maine gst mein composition scheme le rakhi hai Kya mujhe gstr 3 b return daakhil karna hoga

Preference shares


Hi whether the Company can issue Preference Shares at Premium

Discussion

GST registration is compulsory for export of services??

Hi All Expert My client is providing service outside of India like BPO services I want know in this case GST registration is compulsory or not Please help Thanks

How to report ltcl from mf and shares in itr2

If a particular FY has only LTCL from sale of mutual funds and or listed securities STT paid where should such LTCL loss be reported in ITR2 Schedule CG Curiously in ITR2 in the Schedule CF B4 to B6 cells are hidden Some years back they were visible Schedule EI does not take negative values in repor

Shares

Can a company non convertible DEBENTURE to NON RESIDENT INDIAN explain LEGAL FRAMEWORK

Gst on turnover by shares trader

My query My client is a share trader and a consultancy service provider also I have a confusion with regards to calculating my aggregate turnover in GST Assume His delivery turnover in shares is Rs 1 Crore and his income for sale of consultancy service is 10 Lakhs Since turnover from shares does not

Can we pay stamp duty for first allotment of shares?

Can we pay stamp duty for first allotment of shares

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Procedure of right issue of shares


Meaning of Right Share of Issue Right Issue means offering shares to existing members in proportion to their existing shareholding through letter of offer A rights issue is directly offered to all existing shareholders of the Company in proportion to their current holding The company also set a time


Fair market value of unquoted shares


Current financial Act 2017 has insert a new section of 50CA of Income Tax Act for the determined fair market value of unquoted share the FMV shall be deemed to be the full value of the consideration for the purposes of computing income under the head Capital gains This new section stipulates that wh


Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS


Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity Liability and its related Journal Entry Let s refer some relevant guidance reference related to these kind of convertible bonds and its related calculation as mentioned in acco


Option to buy Shares given - Vodafone Idea Merger


Recent news on approving merger of Vodafone Idea at their board level has given many questions related to its accounting under the new framework i e Ind AS Many of our readers have sent their queries to know about the below situation and to know its treatment under Ind AS The below approach has been


Restriction on Transfer of shares in Private Companies


A private company is defined as a company which by its articles Restricts transfer of its shares in prescribed manner Prohibits invitation to public to subscribe for its shares Limits its members to 50 now 200 and Prohibits acceptance of deposits from public other than members Therefore a private co


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Updated on : 8/14/2017 8:06:09 AM


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