Easy Office
LCI Learning



Anonymous
10 December 2013 at 20:33

Stamp duty on share subscription agreement

How much stamp duty is to be paid on share subscription agreement in maharashtra? is it treated as conveyance as per Bomabay stamp act??


ankush joshi
05 December 2013 at 21:42

Partnership deed format in marathi

i want to registered my partnership firm.
pl provide me a partnership deed format in marathi


Sha - Azam Siddiqui

MY BROTHERS COMPANIES REGISTERED OFFICE IS BEING SHIFTED FROM GHATKOPAR TO KHARGHAR, PLEASE LET ME KNOW THE PROCEDURE FOR CHANGING THE ADDRESS WITH REGARDS TO PTRC AND PTEC.


sachin
28 October 2013 at 14:27

Working capital on cash cost basis

XYZ Company sells goods on a gross profit of 25% depreciation is taken into account as a part of cost production. The following are the annual figures given to you: Sale (Two month's Credit)18,00,000 Materials consumed (One month's credit)4,50,000 Wages paid (One month lag in payment)3,60,000 Cash manufacturing expenses (One month lag in payment)4,80,000 Administration expenses (One month lag in payment)1,20,000 Sales preomotion expenses (Paid quarterly in advance)60,000 Income tax payable in four installments of which one lies in the (next year) 1,50,000 The company keeps one month's stock of both raw-materials and finished goods. It also keeps Rs. 1,00,000 in cash. You are required to estimate the working capital requirements of the company on cash cost basis assuming 10% safety margin.


Disha agrawal
27 October 2013 at 04:09

Traveller's commission

what is the literal meaning of travellers commission n why will it be distributed in case of pre n post incorporation in sales ratio?



Anonymous
20 October 2013 at 12:41

Liquidation - b list contributories

In a winding up of a company, certain creditors remain unpaid.
The following persons had transferred their holding before winding up:

Name No. of Amt. due to
transfer share creditors(Rs.)
P Jan.1 1000 7500
Q Feb.15 400 12500
S Mar.15 700 18000
T Mar.31 900 21000
U Apr.5 1000 30000

The shares were of Rs. 100 each

One member named "R" who held 200 shares died on 28th Feb.1996 when amount due to creditors was Rs.15000. His shares were transmitted to his son named "X"

Z was the transferee of shares held by "T"
Z paid Rs.20 per share as calls in advance immediately on becoming a member

The liquidation of the company commenced on 1st Feb,1997 when the liquidator made a call on the present and past contributors to pay the amount

Quantify the maximum liability of the transferors of shares mentioned in the above table. when the transferee:

(1) pay the amount due as "present" member
contributories
(2) do not pay the amount due as "present" member contributories

Also quantify the liability of "X" to whom shares were shares were transmitted on the demise of his father "R"





Anonymous

sir ,
what are the basic data require for preparing provisional balance sheet and which points should be followed while preparation of provisional balance sheet .How to calculate the bank over draft limits and formalities for getting bank loan based on provisional balance sheet and other details provided for me.
Thanks in advance sir.



Anonymous

Why there is a debtors bifurcation in Balance sheet as more than 6 months and less than 6 months ?

What does it indicates to companies members ? How does it affects company financially or companies credibility ?


mayank agarwal
20 August 2013 at 23:14

Tcs on coal (first point of sale )

Subject: Clarification on TCS to be collected on sale of Coal u/s 206C (1), whether applicable at the point of first sale or at the point of all re-sale

As per the amendments inserted by the Finance Act, 2012, w.e.f. 01-07-2012 it is stated “that every person, being a seller shall, at the time of debiting of the amount payable by the buyer to the account of the buyer or at the time of receipt of such amount from the said buyer in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, collect from the buyer of Minerals , being coal or lignite or iron ore , a sum equal to One percent of such amount as Income Tax in accordance with the provisions of 206C(1).”

term “buyer” in section 206C is defined to mean “a person who obtains in any sale, by way of auction, tender or any other mode, goods of the nature specified in the Table referred above or the right to receive any such goods but does not include : (i) a public sector company, (ii) a buyer in the further sale of such goods obtained in pursuance of such sale, or (iii) a buyer where the goods are not obtained by him by way of auction and where the sale price of such goods to be sold by the buyer is fixed by or under any State Act.


For the removal of doubts, it is hereby declared that the provisions of subsection (1) shall not apply to a buyer (other than a buyer who obtains any goods from any seller which is a public sector company) in the further sale of any goods obtained under or in pursuance of the sale under sub-section (1).


Now the debate lies that whether the TCS will be collected from the buyer at the point of first sale onlyi.e.by the Coal companies (Coal India & its subsidiaries) from the Wholesales/Retailers etc. Or whether the TCS is applicable on the re-sale also(on each point of sale).

Kindly support your answer with relevant circulars/notifications.



Anonymous
16 August 2013 at 12:59

Chart of accounts for security agency

Plz Can any one Know Chart of Accounts of Security agency