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

Shares & stock


Please any one post notes on Shares Stock

Compulsory acquisition u/s 194la


Government compulsory acquired non urban agricultural land accompanied with building and paid compensation of Rs 1700000 and a Plot Value of Rs 3000000 Government deducted Tds of Rs 170000 u s 194LA of Income Tax Act 1961 Land holding period is more then three years But building was recently constru

Director without shares in a private limited company


Can we have a director on board of a company without holding any shares In Anticipation

Amalgamation -preference shareholders


At the time of redemption of preference share capital why we debit share capital account and credit share holders account

Allotment of shares


Can a company pay stamp duty on allotment of shares before actual date of allotment E g company will allot shares on 21 05 and has paid stamp duty to govt of haryana on 13 05 Is it a valid entry as per Companies Act 2013

Discussion

Valuation of shares under earning yield method.

Please refer Illustration 4 of Study Material of Financial Reporting December 2016 Edition Module 3 Page No 9 61 of Final Exam In valuation of shares as per EPS yield Profit before tax for the year 2017 has been taken But in Page No 9 53 it is clearly stated that Future Maintainable profit should be

Valuation of shares under earning yield method.

Please refer Illustration 4 of Study Material of Financial Reporting December 2016 Edition Module 3 Page No 9 61 of Final Exam In valuation of shares as per EPS yield Profit before tax for the year 2017 has been taken But in Page No 9 53 it is clearly stated that Future Maintainable profit should be

Transfer of shares in pvt limited company

What are formalities of Transfer of share in Private Limited company after death of share holder as per his WILL Formailties and Effect In Income tax and ROC

how to allot shares for new director

please provide information about allotment of shares

Shares of partnership firm held by partner on behalf of firm

Shares of partnership firm are held by a partner as partnership firm cannot hold shares in its own name Partner retires due to reconstitution of partnership What procedure is to be followed to get the name of new partners registered as shareholders in the company whose shares are owned Is it require

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    Contains more than 50 questions of Valuation of shares along with solution First questions are typed and then their solution step wise

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Articles

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 : 6/25/2017 7:42:17 PM


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