One of my client (private limited company) had a paid up capital of Rs. 1 lakh at the begining of the year and is having paid up capital more than 50 lakh at the end of the year. Other conditions required by CARO regarding deposits, sales are not fulfilled. Whether CARO is applicable to the company. CARO does not define anywhere that the conditions should be fulfilled at the begining or end of the year. Please clarify.

Hi,
Can internal auditor of a company have a shareholding in that particular company.

within how many days shares are to be allotted to shareholders after receipt of application money by the company.
and as per which act.

pls reply ASAP

Hi..
I have started the CA Practice so i want to know how i can have the work on assignment basis in haryana



with regards

CA Himij Khanna

Dear All,

In my one manufacturing unit,which is situated out of the city area I have incurred about Rs. 08.00 Lacs for fencing a electircity line from city to the unit.

What I shoud do I treat this a capital Expenditure and capitalise in Electric installation r treated as deferred revenue expenditure and w/oo in 5 installment.

This is new Industry and estalished in April 2008.

A co. who can claim the MODVAT credit on purchase of Capital goods didnot claim the credit in the year of purchase of the machinery..
Can the claim be utilised in the next year..

a come accross a case in which the client has profit of 1600000 rs. but he want to redutce its profit by showin more exps but he has less cash available with him. so can u tell me how the problem of shortage of cash can be solved???

INCOME TAX PRACTIONER, WHO IS ENROLED WITH INCOME TAX AS ITP CAN DO THE AUDIT

HELLO

in 3cd report we got to report the payments made to related party .the related party mean those who have substantial interest in the company/firm. so whats the scope of substantial interest. what is the yard stick to decide whether a person have substantial interest or not

Dear All,

In my company I have imported raw material.
At the closing of the year how I valued raw material.
Seprate for Raw MAterial imported and domestic
or
Average the rate with all raw material and valued?

Which is proper way.......