Whether a partnership Firm can do the business of lending money ( Financing Business ) out of its own capital fund ( no deposit or unsecured loan ).

Further whether a Private Limited Company can become one of the partner. There are owned funds and no deposits. (In the Pvt Ltd Company all funds represents to Share Capital. There are no unsecured loans or deposit).

Our query is by becoming a partner as above said NBFC Provisions will attract to company or not.

what is the procedure for voluntary disclosure of income under income tax?
What is the consequence of same?
What is the interest & Penalty that will be levied?
The above disclosure is to be made for AY 11-12.
Will Sec 115BBE BE APPLICABLE FOR THIS ASSESSMENT YEAR?

PLS DO REPLY.
THANK YOU.

Dear All,
Depreciation rates prescribed by companies act 2013 will be applicable from which fy.
2013-14 or 2014-15.

I have posted my articles registration form during last week of march and yet i have not received confirmation letter,and on making a call to institute(last week of april) it is being answered that it is in process but still i din't receive, my friend and me had posted it simultaneously and she had received it within 15 days.what should i do now?

DUE TO SOME REASON I COULD NOT FILE MY INCOME TAX RETURN A.Y 2009-10.SO I WANT TO FILE MY INCOME TAX RETURN A.Y.2009-10 BECAUSE OF HUGE AMOUNT OF TDS ON THAT YEAR.SO CAN I FILE A RETURN ON THAT YEAR IF YES THEN IN WHICH SECTION I FILE A RETURN. SO PLEASE GIVE ME SUGGESTION.

Iam CA ipcc passed student doing articleship and i recently completed my Bcom degree distance education under kerala university.Now i want to pursue MBA distance education so i want to know the exemption available for the course. I heard about MOU of ICAI with BU,IGNOU,MADRAS university.Can anyone tell me the fees details in above university,and how many subjects are exempted for me,and one more doubt can i pursue MBA in one year ????????

Can expenses incurred on travelling, lodging and boarding for erection and commissioning of a machinery be capitalised ?

Dear Experts,

In a Partnership firm, Investor will invest entire amount required by the firm to run the busniess.

Can Firm debit Return on Investment as expenses in the Profit and Loss account? if yes, what is the quantum of amount.

Note:
1. Investor is not the partner of firm. He is outsider.
2. Partner will not introduce any capital.
3. Agreement is available Between Firm partners and Investor for the quantum of Return on Investment.

i like to know what are the differences between listed & non listed company.

For the F.Y 2014-15 CTC is 17Lacs. The company has splitted CTC into variable components for 3Lacs which is inbuilt.

I have submitted by Investment declaration to the company. Accordingly they have calculated my monthly tax payable.

The interesting point is that they have taken CTC 17Lacs for calculation but i will be receiving variable component pay every quarter.

What should I do ????

Can u please brief me in detail...
Thank U
Vinod