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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

Income arising from unlisted shares taxable under capital gains


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 5th May 2016 Subject Taxability of Income Loss arising from Transfer of Unlisted Shares reg CBDT vide order dated 2nd May 2016 has given direction to field formation with a view to avoid disputes Li

Enrolment with ICAI is compulsory to use CA as designation


As per the provisions of Section 24 of Chartered Accountants Act the designationChartered Accountantis only possible to be used by a member of the Institute of Chartered Accountants of India It has been observed that some of the final qualified students have not yet enrolled themselves as member of

Bombay HC rules in favour of Vodafone


The Petitioner Vodafone India Services Pvt Ltd is a wholly owned subsidiary of a non resident company Vodafone Tele Services India Holdings Limited the holding company In AY 2009 10 the Petitioner issued equity shares on a premium to its holding company for its telecommunication services in India wh

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Experts Opinions

Allotment of Shares to director


Sir Mam in a company we did not allot a single share to a one director So it is possible for Auditor to get the Signature in Audited financial Statements of that director which we not allot shares to him Kindly reply

Shares to transfer


X LTD HOLDING 100 SHARES IN Y PVT COMPANY IT HAS TRANSFERRED CAPITAL ASSETS TO Y COMPANY NOW THE SUBSIDIARY COMPANY Y WANTS TO ALLOT SHARES TO THE SHARE HOLDER OF X LTD AS CONSIDERATION FOR THE TRANSFER OF CAPITAL ASSETS TO Y LTD SUBSIDIARY COMPANY WHETHER IT IS POSSIBLE IF SO WHAT WOULD BE THE TAX

Benefit of 80c investment against capital gains from shares


Hi I have some capital gains from sale of shares on recognised stock exchange BSE NSE I understand that this income is taxable at special rate of 15 plus cess applicable If I Invest money in Mutual Funds Equity Linked Saving Scheme u s 80C will I be able to claim deduction against this income Thanks

Buy back of shares


Share holders of One of a client company had disputes amongst themselves Now one of the shareholder is demanding money back from the company bank account Is it possible to give a cheque from the company account If not what is the way out for the same Please help me with the same

Valuation of shares held as stock in trade


Dear All My question if my clients Pvt Ltd co AOP and Individuals are holding shares as stock in trade and not as investments do I need to apply provisions of AS 2 for year end inventory valuation or AS 2 provisions are not applicable to Shares held as stock in trade And also If I choose not to appl

Discussion

Allotment of shares

RESPECTED SIR A PRIVATE LIMITED COMPANY HAD ALLOTTED ITS SHARES AT PREMIUM IN THE F Y 2013 14 SIR NOW IT WANT TO ALLOT THE SHARE AT PAR SIR IS IT POSSIBLE

Selling of shares by directors in a private limited company

Dear sirs please clarify me about the following scenario the paid up capital of a company is rs 25 lakhs the share holding is split in the ratio of 40 40 and 20 among the three directors the company an active one but has not filed the returns in the ROC since 2009 can the two directors each having 4

Selling of shares by directors in a private limited company

Dear sirs please clarify me about the following scenario the paid up capital of a company is rs 25 lakhs the share holding is split in the ratio of 40 40 and 20 among the three directors the company an active one but has not filed the returns in the ROC since 2009 can the two directors each having 4

Advance tax on profit of shares held for more than 12 months

Hi consider a person X He bought shares worth Rs 3 60 000 in April 2015 He sold shares worth Rs 48000 in August 2016 and got profit of Rs 9600 Is this person liable to pay any advance tax He will probably sell rest of the shares too soon and his profit may reach to Rs 1 20 000 Will then he be liable

Income tax return filing compulsory for foregin national

Dear Sir Please can you please guide me regarding Income Tax Return Filing Compulsory for Foregin national If Foregeiner working in India and he erned the Income from INdia then liable to File Income Tax Return if his her salary less then 250 000 i e Income Tax Limit then liable to file INcome Tax R

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Why CA Course is First Preference of Students & Opportunities for CAs


CA COURSE If you ask from a student who just passed class 12 about future plan then he will say that he want to do CA course despite knowing about the passing percentage ICAI was established in 1949 and in this past 67 years we have only 300000 CAs Approx whereas we have a population of 125 Crores o


Comprehensive understanding on issue of bonus shares


Bonus issue refers to a further issue of shares made by a company having share capital to its existing shareholders in proportion to their holdings without any consideration It is also called as capitalization of the reserves of the Company For example company X issues bonus shares in the ratio of 2


Allotment of shares to Foreign Investor (FDI)


A Time period for Issue of Certificate The capital instruments should be issued within 180 days from the date of receipt of the inward remittance received through normal banking channels including escrow account opened and maintained for the purpose or by debit to the NRE FCNR B account of the non r


PAN-IC! PAN compulsory on all Sales or Purchase of goods or services above Rs 2 Lac


Arjuna Fictional Character Krishna from 1st January 2016 onwards PAN is required to bequoted in sale or purchase transaction exceeding Rs 2 lakh Which is this hidden income tax provision Krishna Fictional Character Arjuna Income tax Department has mentioned in rules when a person is required to obta


Bonus shares - A shareholder's delight


1 Introduction One thing which every shareholder across various Companies would dream for is receipt of Bonus shares The word Bonus has a very positive connotation implying something extra orsome gains at no cost Issue of bonus shares is the most popular way by which companies like to utilize their


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Updated on : 9/20/2016 4:28:14 PM


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