Sathish
04 November 2013 at 20:21

To know the better course

Which course is best cs or cwa in terms of employment and salary



Anonymous
04 November 2013 at 20:09

Agenda - meetings

Pls clarify whether Agenda is to be prepared for board meetings only or general meetings as well ?

i beleive agenda is not there as expl statement serves the purpose in gen meetings?

Pls clarify..

Thanks in adv


Vijayaraj H K
04 November 2013 at 19:46

Taking examination

actually i am going to tution for the may 2014 examination for both the groups but some students and elders was told me in time of exam registration to attend for atleast one group so i paid the exam fees also now i am eligible to write 2nd group.but fact is i am not prepared well because 1. tutions not got over 2. i should study first 4 paper also. 3.my main target is may 14 for both groups. 4. in our tution classs audit,info tech and sm partly done. so my question is what can i do either take chance or quit the exam. i decided to quit,but some people say do attempt and my boss (CA) said donot do because you should fully prepare before exams. so please help me some one about this.and also guide me if i wanted quit the exam is it any formalities to follow?


Sushant Mahajan

While checking the condition of utilization of 85% of income earned by the AOP during the year(u/s 10(23C), which items should be considered to check whether 85% has been used or not?

Should it just be expenses or items like additions to Fixed assets, investments, debtors, addition to bank accounts or addition to cash should also be considered?

What should be done about reduction in bank a/c or cash balances?

Should debtors or advances also be considered?

Please reply.


subhash sharma
04 November 2013 at 18:55

Transfer of property through gift deed.

HI ONE OF MY CLIENT(RENU) HAS GOT AN NOTICE FROM INCOME TAX DEPTT U/S 143(2) FOR A.Y. 2011-12 ALLEGING THAT (RENU) HAS DEPOSITED RS. 21 LACS IN HER SAVING BANK ACCOUNT. SOURCE OF MONEY WAS ASKED BY THE INCOME TAX DEPTT.

MY CLEINT (RENU) GOT THE LAND FROM HER FATHER IN LAW ON HERE MARRIAGE BY GIFT DEED ONLY NO STAMP DUTY WAS PAID FOR GIFT DEED. NO SALE DEED WAS EXECUTED BETWEEN RENU AND HER FATHER IN LAW.

MY CLIENT HAS GIVEN THE REPLY TO ITO THAT SHE HAS EXECUTED AN AGREEMENT WITH A FARMER (JAGJEEVAN) TO SALE THE AGRICULTURE LAND. SHET GOT RS. 21 LACS FROM THE LANDLORD AND DEPOSITED IT TO HER SAVING BANK ACCOUNT.

PLEAS ADVISE.


tripti singh
04 November 2013 at 18:34

Dissolution of partners

what will be accounting treatment in case of insolvency of all partners..


christo
04 November 2013 at 18:23

Final examination..

when I need to start my prepration for final...and which all books should I refer


SAI CHANDU B

As per Section 180(1)(c) of the new Companies Act, 2013, every Company should pass special resolution in general meeting if the Borrowings exceed the paid up capital and free reserves.
Similar provision is there in Sec. 293(1)(d) of the old Companies Act, 1956 but now extended to all companies and special resolution is required instead of ordinary earlier.

Now the query is, here Borrowings refer to the Sanctioned limit or the Loan outstanding?

For instance, the paid up capital & free reserves sum up to Rs.350 crores.

The Company has already obtained long term loan of 200 crores from a Bank repayable in 5 years of which, the current outstanding is Rs.125 crores (75 crores already repaid).

Now, the Company proposes to avail another long term loan of Rs.200 crores.

Is the approval of Shareholders' required in this case?



Anonymous
04 November 2013 at 17:36

Income from house property

If a person owns only one house property and it is not let out..and neither self occupied other than reasons of employment, business or profession then will it be covered for taxability under IHP?


shivam aggarwal
04 November 2013 at 17:12

Regular or correspondence

i am a student at the hansraj college, delhi university and doing b.com.hns. but i am studying ca ipcc as well. is it a good option or a bad one??






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