Hi experts, I have a doubt regarding revenue recognition in sale of shares. When should we can recognise the income on sale of shares, we have shares in Private limited,we sold those shares to the promoters.
We have received full consideration, but share tranfer procedures are pending. To recognise income is it nessasary to get the shares registered in the name of transferee?

We have two companies Kens technosoil and Kens Management....Kens technosoil pays rent for the office...and we want have same address for both the companies but lease agreement is with the name of Technosoil so what we need to do for address proof...does NOC from landlord along with lease agreement is sufficient in case we don't want to change our agreement....
My second query is what about NOC from director do we are needed that our share holders and Board of directors are same in both the companies

Hii

just wann ask what if some body walk's in to a insurance company and applies for an insurance plan for tax benefit and takes the receipt and bounce the cheque or stop payment for the cheque..... what is the penalties from income tax dept..... what is the process for raising complaint.....How do we stop this kind of issues.

Have a nice day

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what is payroll accounting and how its work?

respecting sir,
many of my clients receiving notices for late filing of E-tds returns for 2012-13 a.y . one of my frien told me that an argument at court is going for not to pay such penalies . now my question is it necessary to pay such penalties noe immediatly ? or we to wait until judgement came? please help me in this regard

I have registered myself as a Student of ICAI and also registered my Articles with leading Auditor Firm. Now I want to apply for Registration as Authorized Income tax Practitioner under section (v)/(vi)/(vii) of 288 (2) of Income tax Act. Whether it is possible. Kindly give your valuable suggestions. It is very urgent

I an CA final student(cleared frst group) and want to apply for revaluation/recounting.i got a doubt wether to go for revaluation or recounting for below subjects. Amma-57 Isca-20 Dt-52 IDT-56 I expected minimum 50 in Isca.but didnot get.So can anybody suggest me to go wthr for revaluation or recounting. Thnks in Adavnce

Dear Experts,

1) Let I know please, applicability of SSI unit for availing CentVat Credit, if they are availing benefit under notification number 8/ 2003 ?

2) If one unit have clearing goods at exempted rate say 6% + Cess, is this unit eligible for availing Cenvat credit?

3) If one unit producing branded goods. But clearance below the limit of 150 Lakhs per annum. Is this unit eligible for availing benefit under notification 8/2003?. If yes what is Specified goods in connection with same?

I sincerely wait for your valuable replay.

Contact details Krishnan.anantha1@gmail.com / Mob 9048896845

DEAR SIR,

I HAVE A CLIENT WITH PARTNERSHIP FIRM. IN FY 2012-13 THERE IS LOSS, SO CAN I FILE INCOME TAX RETURN WITH LOSS? IS THERE ANY RULES TO C/F LOSS