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ICAI - President's Message - June 2016


Dear Professional Colleagues All of us have our share of hopes and expectations present and future While certain part of those may appear logical and is likely to come true the remaining we ourselves

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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 Pr

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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 v

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New functionality for taxpayers to secure their E-filing account


The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords OTPs and not share them with others In order to ens

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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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Experts Opinions

Share certificate issue


When shares are transferred from X to Y is new share certificate issued to Y or jus entry is made of transfer on the back of share certificate of X is enough plz guide urgent

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Reconciliation of share capital audit


please guide me with the format of reconciliation of share capital audit report also guide me about certificates issued by PCS to listed company other than Reconciliation

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Sign in share certificate


Who will sign on share certificate of Pvt Ltd Co if Pvt Ltd Co has only 3 shareholders and these 3 shareholders are also promotors and directors of Company Please advise as its urgent

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Share certificates


Can anyone please give me format of memorandum of transfer which is mandatory to print on back side of Form No SH 1 share Certificate

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Inventory given as gift to a major shareholder's son


I have a query let Mr X is having majority stake in XYZ Ltd he gives some part of business inventory to his son as a gift what will be the accounting treatment for the same

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Discussion

Shares /mutual funds

Can a private limited company invests in Stock market Mutual Funds if yes whether the profit is tax exempted for Pvt limited company after one year

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Share certificate issue

When shares are transferred from X to Y is new share certificate issued to Y or jus entry is made of transfer on the back of share certificate of X is enough plz guide urgent

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Valuation of share

How to do a valuation of a Private Company or a Public company which is not listed for the purpose of selling the shares

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Fax machine as a shared networking device.

Can we share fax machine as a networking device Thanks Regards Prashant S Akerkar

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Issue of shares in lieu of unsecured loans frm directors

Hi All I have a situation here wherein one of my clients is having unsecured loans from its directors and it is outstanding for more than one year Now it wants to issue shares in lieu of the same Advi

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File Download

  • Buyback Calculation

    MAXIMUM NUMBER OF SHARES THAT CAN BE BOUGHT BACK UNDER VARIOUS SCENARIOS PRE BUY BACK VS POST BUY BACK

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  • Income Tax Calculator FY 2016-17

    I am pleased to share the updated IT calc for FY 2016 17 The calc is useful to the salaried individuals The file compatible with ms excel 2003 version The auto control and validations assigned at cell levels as per IT rules and provisions With regards Vijay

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  • Procedure of issue of shares and transfer of shares

    Procedure of issue of shares and transfer of shares

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  • 0% processing fee on switching your Home Loan to SBI

    Greetings from SBI Home Loan If any reference of your known friends Relative Colleague Neighbours and Corporate Level pls share and give me opportunity to serve them for SBI Home Loan Benefits and Hassel Free Loan Services This is a Bumper PF offer from State bank of India for HL BT cases Irrespective of amount and Lowest Interest Rate in Market 9 35 for Women and 9 40 for others Term and conditions Offer valid up to 30 th July 2016 Vinay Grover SBI Home Loan Counsultant MOB 9971433977 FB Page Grover Consultant Kuchh Baat Aapke Interest Ki

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  • TDS Calculator on Salary for AY 2017-18 i.e. FY 2016-17

    Dear all I am sharing TDS Calculator on salary for FY 2016 17 You can ask anything or share your review for the attached file on joginderkr09 gmail com It will really help me to improve the worksheet or to work on other assignment

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Articles

How a director and a shareholder are different from each other


While waiting hastily for my metro knowing that Im already late just overheard the conversation taking place between a group of men waiting just like me To be a director of the company is better than


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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 esc


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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 gain


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Building India - A shared responsibility


In plain terms I wish to state that India cannot and will not be built with tweaking something here and something there Average per capita income of the world is 10 000 whereas that in India it is aro


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Surplus on sale of shares and securities- Capital Gains or Business Income


Issue of taxability of surplus on sale of shares and securities Capital Gains or Business Income Instructions in order to reduce litigation reg 1 Sub section 14 of Section 2 of the Income tax Act 1961


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Updated on : 7/22/2016 1:40:14 PM


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