In a winding up of a company, certain creditors remain unpaid.
The following persons had transferred their holding before winding up:

Name No. of Amt. due to
transfer share creditors(Rs.)
P Jan.1 1000 7500
Q Feb.15 400 12500
S Mar.15 700 18000
T Mar.31 900 21000
U Apr.5 1000 30000

The shares were of Rs. 100 each

One member named "R" who held 200 shares died on 28th Feb.1996 when amount due to creditors was Rs.15000. His shares were transmitted to his son named "X"

Z was the transferee of shares held by "T"
Z paid Rs.20 per share as calls in advance immediately on becoming a member

The liquidation of the company commenced on 1st Feb,1997 when the liquidator made a call on the present and past contributors to pay the amount

Quantify the maximum liability of the transferors of shares mentioned in the above table. when the transferee:

(1) pay the amount due as "present" member
contributories
(2) do not pay the amount due as "present" member contributories

Also quantify the liability of "X" to whom shares were shares were transmitted on the demise of his father "R"

our firm registered under micro small and medium enterprise. our debtors are not paying payment on time. Inspite it was due more then 180 days, some due more than a year. we have intimated them orally that we are registered under micro small and medium enterpreise. our my debtors falls under s-44 ab ie audit appibalble them. is in there audit report Their Statutory CA mentioned in reporting this due of amt payable by them ? if our debtors do not give information to their ca, how then they come to know about dues o/s to us.
pl alos guide us what steps we can take to collect the payment inspite of spoiling business relation and follow systematic action.

I have for cpt exam in may 2013 i have got my study materials and i have anim of passing cpt in first attempt, but the problem is i want to give exam in the month of june 2014 is this creates any problems in between me and my aim please reply expert sir/ madam.

I have received intimation u/s 245 from CPC for the Asst year 2013-14 stating that refund determined during processing is adjusted against the outstanding demand for Asst year 2011-12.
I had filed the return (refund due)for the Asst.year 2011-12 manually & online for the Asst.year 2013-14(refund Due).
I have not received intimation u/s 143 for the Asst.year 2011-12.How to go about it.
If I need to make a request for the intimation u/s 143 manually what's the format for letter of reuest

who has to keep cost records? in cost audit report what matter is include? pl guildeline on cost audit report format? to whom it is necessary to audit the cost audit? and who can do cost audit?

my factory under GIDC and GIDC give yearly bill for the of servive charges,N.A.A.bill and infrastructure upgradation bill with tax can i take credit of this bill. infra.upgradation charges service tax on 60% of bill amount so can i take credit on that amount? is that cover under works contract ?

I HAVE PASSED CS EXECUTIVE IN JUNE 2013 AND APPLIED FOR CA IPCC UNDER DIRECT ENTRY SYSTEM I RECEIVED MY REGISTRATION NO. SO WHEN I AM ELIGIBLE TO START MY ARTICLESHIP. IS PASSING OF 1ST GROUP IS NECESSARY OR COMPETING ITT AND ORIENTATION WILL BE ENOUGH FOR STARTING ARTICLESHIP

Can we put remuneration clause in a deed like this: Please clarify
1.That the both the Partners are entitled to remuneration under section 40(b) of the Income Tax Act, 1961 w.e.f the execution of the Deed of Partnership is as under:

The remuneration, for every year, is calculated as specified under section 40(b) of the Income Tax Act,1961, and the same can be divided between the partners as per their Profit/Loss sharing ratio.

Partner’s P&L Ratio A 70% & B 30%

Dear Experts

FOR A.Y. 2013-14

I have income of Long term capital gains through sale of Immovable Properties (Land)

Kindly guide me

How can I reckon my Income ?

Which Provisions get attracted ?

Guide me calculation method for such situation

Thanks

We have purchased an NBFC company for which the ROC compliances have been done... Can any one help me with the compliance that have to be done to intimate the RBI with the details like the change of address of the NBFC, Change in shareholders and directorship