Attention friends...... Can anybody provide me solution to end the problem that i actually came across.............. There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan. Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts. Please provide a probable and suitable solution for the above query.................

Hello can anyone tell me dat in CA final registration form do we have to take the seal & sign of our article principal?
An I have to attach ma Ipcc marks card so it has to be attested so is it compulsory dat it has to be attested by ma principal oly?

Dear Sir,

Good morning!

Please guide me whether it is mandatory to file itr for F.Y. 2013-14 even if income is below 5 lacs. If yes then which itr is to be filed for salary income.

Thanks & Regards
Janki

Can a Pvt Ltd Co give loan to directors if interest on such loan is paid by directors from time to time as per section 185 pf CA 2013

ipcc exams are in 7 days how to study for that

sir/madam I have completed with my CA and CWA inter... As in long term I am thinking of going into practice... so can you guide me as to the post qualification courses I can do like cisa,ifrs etc. that is in demand and will be beneficial?

i heard dat bcom studnts can directly apply fr ipcc n hv to go through a 9 months training n dn dy can gv ipcc xamz...my query z can a bcom final yr studnt strt d 9 mnths training simultaneously wit d final yr bcom... as it as soon as final yr z ovr v can wrte ipcc xamz...can v do lke dat...or v hv to take training aftr d compltn of final yr...n sme of my frndz said dat v can wrte ipcc xamz aftr 2nd yr z dat true??

If i want to make payment of Rs.540000/- to professional who is non residents india means he is in USA whether can i deduct tds? if yes then how he is taking credit of such tds in filling of his return?

I have generated a capital gain of Rs 47lac by sale of a NA land. Can I claim exemption u/s 54F by purchasing 2 flats (27lac + 20lac)

Presently I don't have any residential property on my name.

Plz guide

treatment of vat on purchase of fixed assets