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India and US sign agreement to promote transparency in tax matters

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 9th July 2015 Sub United States and India Sien Agreement to Share Tax Information U S Ambassador t

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Communication from the President, ICAI

Dear Professional Colleagues I am happy to share with you some significant developments concerning profession and important decisions taken by the Council at its 342nd meeting held on 15th 16th April

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State share of union tax revenues raised to 42 percent

14th Finance Commission FFC Report Tabled in Parliament FFC Recommends by Majority Decision that the States Share in the Net Proceeds of the Union Tax Revenues be Raised to 42 Which is a Huge Jump fro

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Reporting on Internal Financial Control u/s 143 (3) (i) of the Companies Act, 2013

Reporting on Internal Financial Control u s 143 3 i of the Companies Act 2013 has been deferred for one year i e up to 01 04 2015 CA K Raghu President ICAI said I am happy to share that based on sugge

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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 iss

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Experts Opinions

Issue of preference shares

Can a closely held company issue preference shares at premium for consideration other than cash If yes how the premium amount is to be worked out

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Can a share application money pending for allotment of pvt ltd co. convert into loan as per companies act 2013

Hello members Could you pls advice me on this issue There is a pvt ltd company having share application money recd from director shareholder 3 4years ago they have not refund the amount as per compani

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Stamp duty on shares certificates

Is stamp duty liveable on share certificates if the company is registered in West Bengal or if the Company is registered in other states and allotment of shares is done in West Bengal

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Stamp duty to be paid on shares allotment

Hi A public Limited Company regsitered in state of NCT Delhi increased its authorised capital on which stamp duty had already been paid simultaneously with form SH 7 online on MCA 21 Now wants to allo

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Issue of share by newly started pvt ltd co


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Fresh allotment of shares

Dear Friends One of my company infuse money as share application money from outsiders other than existing share holders Plz tell me the procedure to allot share through right issue and plz also give m

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Share transfer expense

Who will bear the revenue stamp expense 25 paise per Rs 100 in case of shre transfer Transferor or transferee

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Share application money

Dear Professional Coleagues One of our client company bought land from X in year 2010 instead of paying money decided to allot Companysshares to land owner however company hasnt made allotment and sho

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Selling share by nri to resident in a pvt ltd co.,

Dear Sir One of NRI is share holder in IRDA approved Insurance broking pvt ltd company more than 5 cost of purchase of shares 1 27 06 833 now he would like to sell the shares to Resident Indian for Rs

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Gift deed or release share of property

My wife just lost her father and she co ownsa house where she and her mother are co owners at 50 share My wifes mother wishes to transfer her share to my wife immediately May I request you for your va

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File Download

  • ISCA Amendments

    please download it and also share with your friends Download ISCA amendments applicable for November 2015 attempt Please note that you can read this notes with the old course book if you are having any


  • FAQ on Secretarial Standard 2 issued by ICSI

    AQ ON SECRETARIAL STANDARD 1 ISSUED BY ICSI Read more at http www caclubindia com share files files upload form asp


  • SFM Formula Sheet

    Please find attached the SFM formula sheet which has prepared by Mr Praveen Kumar a faculty of SFM Moreover I have also added the formulas from Practice Manual PM which were not present in the sheet prepared by Him Kindly Share with your friends for their reference


  • Format of Director's Report for Pvt Company- with Alternats

    We have compiled drawn up a format for Director s Report for Private Company which can accommodate in least no of pages Ur valuable suggestion advise for its improvement is highly welcome This one contains alternates standard format is separately uploaded Read more at http www caclubindia com share files files upload form asp


  • CS Examination December 2015

    CS Examination December 2015 Read more at http www caclubindia com share files files upload form asp


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Procedure for transfer of shares

Free transferability of share is one essential condition for Company form of business subject to some restrictions under private companies New Act deals with substantially Statutory provisions related

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Stamp duty on issue of share certificates

BACKROUND As per Section 3 of Indian Stamps Act 1899 Every Share Certificate must bear the necessary stamp duty as per the Stamp Act of the respective State Union Territory from which Certificate is i

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Right issue of shares under Co. Act, 2013

BACKGROUND As per Section 62 1 of the Companies act 2013 if the Company decides to issue fresh shares these should be offered to existing shareholders in proportion to existing persons who are holders

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Taxation of share of AOP in the hands of companies

Membership of AOP BOI Section 67Aof Income Tax act 1961 deals with method of computing members share in income of AOP BOI As per the Sec67 A 1 In computing the total income of an assessee who is a mem

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Bonus Issue of Shares

Procedure for Issue of Bonus Shares Companies Act 2013 1 Compliance with Section 63 of the Companies Act 2013 2 Issue can only be out of a Out of Free Reserves b Securities Premium Account c Capital R

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Updated on : 7/28/2015 11:48:09 AM

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