HI,

I would like to know suppose i am doing industrail training under a company which is not registered under ICAI for imparting the industrial training. But the holding company is registered and approved by ICAI for imparting industrial training. Then does the company needs to register under ICAI .If yes then will the number of days served by the article to the company will be considered in Articleship? Company is same only the name appearing is different. Kindly help .. its urgent..

Assessee is an NRI for the relevant A.Y2011-12. The Long term capital gain was Rs.3242591 during AY2011-12 and tax thereon at 20%is Rs.660790 ( including cess of 3%) which arose due to sale of property on 6.3.2011. The Asseessee initially deposited Rs.32.43lacs in a fixed deposit account with Nationalised Bank. But he has not used it for any investments till Mar2014 and now he wants to pay the LTCG Tax. He filed the ITR2 for AY2011-12 on 30.3.2013, claiming to avail the exemption under 54F, and filed a NIL Tax return.(did not pay any interest while filing Original return on 30.3.2013) Now he wants to revise the return and pay the Tax together with the Interest amounts under 234A, B and C since he has not availed the Exemptions which he originally wanted to avail.

Query: What is his Total Tax Liability under Capital Gains Tax,and Interest liability under 234A, 234B and 234C. Pl note he already filed a NIL return in Mar 2013(with delay) and now want to comply by filing Revised Return and offer to pay the Tax due also.
Pl give your valuable advise and calculations.

what happen if my quoted section number or citation goes wrong in ca final exam but my answer is correct.will i be awarded marks or whole marks will be deducted.

can i take receipt of more than rs. 20000 on the sale of good..!

A firm has a loss of Rs. 2.50 per unit when sales are 20000 units. When sales are 24000 units the loss is rs. 1.25 per unit.

Determine the break-even point.

sir i p a kanore doing business i.e supply of buses on monthly hire basis to company. i have registered under service tax act under rent a cab scheme operator since 2007. i want know about my activity attracted service tax or not. give me some notification or provision in act if i am exempted

As per AS-16

Borrowing cost of which type of land and building (Intangible Assets) we cannot capitalize


Pls Mention it clearly.


Thanx in ADVANCE

Dear Experts my practical knowledge of SFM is not good and i want to know about LIBOR(London inter bank order rate). Just advice me how and where i can see this workings practically. Also put some light on use and benefits of using LIBOR. Regards and thanks in advance

If service Receiver is a company having service tax reg. no. & service provider is an individual & small service provider not having service tax registration. What will be the service tax implication on ser receiver as well as service provider. For Example Mr. A provide the service to ABC Ltd. for Rs. 8 lacs in fin. yr. 13-14. So what will be the service tax implication on Mr. A & ABC Ltd.

A Pvt. Ltd. Company was incorporated on 11.03.2014 with an Authorised Capital of Rs. 100000/- with Two Directors (One Managing Director and One Director) .
This Company is engaged in the field of Real Estate Business (selling of plots)
It wants to commence its businees on 13 .03.2014 and decided to open a Bank A/c immediately for transacting business with the customers.
Accordingly they have prepared a Resolution passed on 12.03.2014 for submission to the Bank for opening of Bank A/c.

Now the query is :

1. Whether the Resolution is valid or not?
2. For passing the Resolution the First Meeting of Board of Directors should be convened with a proper quorum and a proper notice with at least 07 days prior to the date of meeting (excluding the date of notice and date of meeting). In this case it is not like so .
My query is can the Meeting be held on the second day itself after Incorporation of the Company . In this case the 12 th.

Kindly suggest me whether this is valid or not ?

If not what are the consequences under Companies Act 2013.