i have cleared both group of ipcc. So i desire to pursue my b.com from IGNOU ..which subjects do i get exemptions ?

as per section 44AB(5)

Notwithstanding anything contained in the foregoing provisions of this section, an eligible assessee who claims that his profits and gains from the eligible business are lower than the profits and gains specified in sub-section (1) and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB.

if partnership firm declare losses than it require to maintain books of accounts or not , audit is require or not ?

pls suggest me
a pvt ltd company wants to divest its shareholding/ownwrship to deferent entities (whether individual/companies) more than 10% shareholding to each, what process/ section should be adopeted under the companies act and what restrictions/impact for the same in the incometax act.

regards
jitendra chaturvedi

How to pay Tds penalty for late tds return u/s 234E ?

Dear Sir,

I am working in a proprietoryship firm, i want to know whether unsecured loans in the books can be transfered to capital a/c?

As far as i am thinking, if we decide that the liablity of unsecured loans would be born by the proprietor, and thus proprietor would introduce the capital in the books of proprietoryship firm, how correct i am ? and is there any tax and accounting implication that i may be ignoring? please experts reply quickly

Dear Experts,

I would like to know about one Notification No. GSR 59 dated January 6th, 1959 regarding Annual Filing of Foreign Companies with ROC, that as of now is there any changes (or further clarifications) regarding this notification.

Kindly let me know.

Thanks & Regards
Pooja

A partner has introduced Rs. 5 lac in August-12 & Rs. 5 lacs in March-13 in the partnership firm in the very first year. Can Interest on partners' capital be given @12% (mentioned in the deed) for the whole year or from Aug-12 to Mar-13?

Sir,
i was worked my previous company just 3 months after that i resigned my job due to personal problem.so can i eligible to with drawl my PF amount ?.

is there any period of time to work in a company to with drawl PF?

Pls, tell me if goods (in which dealer trades or final goods) are destroyed by fire than what about input vat credit... means dealer will claim that from sales tax department or from insurance company in case goods were insured against fire

if i Declare Presumptive Profit 6000000*8% = 480000. than i can deduct salary and interest on capital.(salary 200000+ interest 280000)
now 0

but how to do accounting of these in accounts.

because there is loss of Rs. 500000 in actual books without providing interest and salary