please tell me the late payment of penalties on capital gain on residental house in which i was staying i have purchased a new house and as i m a diabetic patient or person and also unemployed im using those money for my medical expenses and day to day living im the only used to be the earning member in the house should i have to pay any tax on late payment or as im unemployed tax will not be applicable for me i had already use have the capital gain amount for till now for my expenses and day to day living please reply as soon as possible

Hi
what is the procedures of transfer of article

Dear experts,
Please explain (differentiate) "LEDGER feature" and "GROUP feature" in tally and significance of both....

im PCC student and im passing 1st group im june 2009 with 188 marks, but my 2nd group not cleared.
im just sit in 2nd group in nov.09, suppose if i got 40+40+40=120 marks means im pass individually but aggregate not comes 150 marks, can i got set off my marks of 1st group of june attemp??
reply as soon as possible....

What is segment revenue/reporting?? or is it applcable to pvt. company as well?/

Regards

can any one provide me format of board resolution of a private limited company for cash credit ( against hypothication of Debts & stock) as well as Land & building / Plant & machinery as security

suggest me good buk for audit nd IT.SM for ipcc exam

can anyone exactly explain the difference between GDR's & ADR's? So many times i have read this but still there exists a confusion

Hi Friends,

I need a personalised advice from you all...I am a CA final first group cleared Student and could not write my second group for about 2 years due to varied reasons.....

Now I got an offer in small companies...I am confused whether to clear CA Second group(Old) in 2010 or postpone it to future......Please advice me with Pros and cons ASAP

Hello Sir,
I along with one of my friend started registered a pvt. limited company in mumbai in sep. 2004. We were four directors:
1. Myself
2. My wife
3. My Friend
4. His Wife
The business was not doing well and for the turnover was very low:
04-05: 4 Lac
05-06: 6 Lac
07-08: 8.5 lac
08-09/: 10 Lac
In between (Nov 2007) due to some reasons my friend left the company with our internal settlement. So effectively we are two directors now (me and my wife).
Now the problem is, as our business was not doing well we could not file any single return to ROC nor of Income tax We sincerely tried but could not), there were no AGM's,. (We still do not even have our digital signatures.) My partner has handed over the shares to me, I have his (and his wife's) resignation letter and our settlement on Rs. 20 stamp paper and thats it. Although he is ready for any formalities required now.
So, where does my company stands today:
1. We did not filed even a single return to ROC and Income Tax dept.
2. We did not informed the ROC about the resignation of the two directors.

But now I really want to clear the things if possible. I really do not want my company to be defunctional or something similar. I am still doing the business in its name. Please advise if I could still revive my company, how to go about it and the likely expences I should be prepared for. A proper advise could had saved me but I think it could still save me. Please help.

Thanks & Regards,
Ratan