for what time period can a private limited company hold share application money if it has no intention to increase authorised share capital? is there any penal provision, is there any change in provision in this regard in companies bill 2013? please give reference of section number.

we purchase in out factory vacuum cleaner and god which heads of account of both item

Hi...I have completed my ITT and OT training one an a half years back and now I want to do conversion from previous IPCC scheme to Direct Entry Scheme so if I do so then I have to do ITT and OT again or previous Certificate of ITT and OT will eligible... PLease help me on this...

One company purchases Gift vouchers, for the purpose of distribution to its employees, of equal amount from the another company and payment for the same is also made. Whether this payment attracts tds deduction liabilty ? Further, under which section tds liability arises ?

Can you give me reply for the same ?

Thanks in advance....

I have completed my articleship and will be appearing for may 14 final exams. I want to know whether after exams till awaiting results should i pursue a job? If yes then in which field tax, audit, or corporate sector like banking? During my articles i have experience in direct tax only and would also like to join a firm which gives me exposure in stat audit and internal audit. Any such good ca firms for audit in mumbai?

hi sir

want to know is it possible to do CA while doing job

reply me please

i m selected in both pwc nd bmr advisors for articleship bt i m a bit confused regarding selection of the firm.On one hand,pwc comes under big4 audit firms so i can get mnc exposure(i have opted for stat. audit) and on the other hand,bmr is best tax firm so i can get specialisation in dt or idt.
please advise me regarding the matter...which would be better considering future prospects??
i m interested in both stat. audit nd tax(that is i can do any)..
thank u in advance

An organisation is following cash basis of accounting. TDS is deducted on the bills,when the payment is made to contractors and others. TDs is paid on same day. For eg, contractor payment is made on 10th Feb 14,simultaneously tds deposited on 10th feb 14 itself.Please let me know whether we can deposit the tds on 7th March 14, instead on 10th Feb 14.

Hi!

Can Short Term Capital Loss set off against Long Term Capital Gain?


Long Term Capital Gain:
Commercial Property Sold which was bought in 1994.
Long Term Capital Gain Calculated WITHOUT indexation with an intention to go with 10% Tax on Gain.


Short Term Capital Loss:
Furniture Sold Of the above sold property which was made before approx 8-9 yrs and 10% Depriciation taken every year.


Can i get set off of above Short Term Capital Loss against Long Term Capital Gain?

How?

Dear Sir,

my mother is a house wife. her income comprises of only interest from Fixed Deposit.

If i want to purchase a flat in which my mother will be second owner and will make about less than 50% of the payment through her account, will Income tax ask for details of source of income. The payment routed through my mother will be provided by my father and my father have paid full tax on the same amount. there is no black money involved.

my mohter holds a pancard but have not filed a single return till date.

what will be the scenario in this case and what are other things to be considered. please guide in this regard.

thanks