Where a private limited company having four shareholders (being relatives) holding 25% each of the share capital of the company , are allotted shares in equal proportions at a value of , say, Rs.10 while the book value of shares is, Rs. 50, would it be reportable under the clause 4(xviii)of CARO 2003 - preferential allotment of shares to 301 parties?

Where a private limited company having four shareholders (being relatives) holding 25% each of the share capital of the company , are allotted shares in equal proportions at a value of , say, Rs.10 while the book value of shares is, Rs. 50, would it be reportable under the clause 4(xviii) - preferential allotment of shares to 301 parties?

When an auditor signs on balance sheet and profit & loss A/c of the company, it is specifically mentioned above the name of the auditor, report as on EVEN DATE. What is the meaning of EVEN DATE in accounting and what does it indicate?

As we know when auditor is appointed u/sec 224(1) in AGM then within 7 days Co. has to inform the auditor.But if Co.delayed in informing the auditor then what will be the consequence..??..
thanx in advance...

IN BALANCE SHEET OF A NON PROFIT ORG IT IS SHOWN.. THE VALUE BOOKS AT ONLY RUPEE ONE WHAT DOES IT INTERPRET..?

Dear Friends,

A assessee done a sale turnover a financial year 2009-10 after deducting a Sales Return for Rs.35.42 lacs.

But the sales return goods, which was actually made a sales for FY 2008-09. The sales return for Rs.20.12 lacs.

In this situation, I sugessted that the sales return is to be treated a Purchase of goods and the Sales turnover FY to be increased, i.e. Rs. 55.54 lacs.

Hence, it is tax audit turnover.

It is correct or not ?

dear all

it is Possible, Two HUF can made Partnership Firm as nature of Bussiness Auxiliery Services ??

ASSESSING OFFICER HAS ASKED FOR SHARE HOLDING DETAILS WITH SUPPORTING DOCUMENTS. WHAT DOCUMENTS I CAN PRODUCED BEFORE AO AS SUPPORTING DOCUMENTS?

I have a confusion regarding employee's contribution towards esi for employees having salary less than Rs.2100/-
Will employer pay for employee's contribution also or only 4.75% will be deposited for such employees?

The Gross Receipt in case of an Individual is 80 lakhs. As per Section 44AB of the Income Tax Act Audit Report in 3CB and statement of particulars in 3CD are to be furnished.Is it necessary to give another audit report like what we give in company audit,or 3CB is sufficient?