Respected Sir,

A company is going to take the finance round about 8.5 CR Cash Credit and 2.5 CR Term Loan From Bank of Baroda.

As per discussion with Branch Manager of BOB, they decided to increase Authorised Share capital round abount 1.5 Cr. instead of Unsecured loan as quasi capital. At present Authorised capital of company is 0.82 Cr.which would be incresed 1.5 Cr. So, Total = 2.32 Cr.

My question is what should be Stamp duty for increase in authorised capital of company and it depends on incremental or Total Authorised share capital ?

Another question is instead of increasing authorised capital, whether we can go directly to increase unsecured loan keeping as quasi capital ?

Plz give me perfect answer as early as possible

Hi!!

My client incurred a loss of Rs 3 lacs from share trading business on turnover of Rs 25 lacs. He has an other income of Rs 8 lacs. Whether he has to get his accounts audited u/s 44AB and 3 CD has to be filed?

Pls confirm.....

Can we file manual income tax return for the same. This is pertaining to AY 2013-14.

Thanks & Regards

Dear Members,

Running private school since 18 months in Andhra Pradesh

Still now we did not pay any tax.

What are the taxes to be paid by school

Did not hire any accountant/consultant
in this regard.

What are the mandatory taxes to run school successfully.


Please enlighten us

Thanks in Advance

I am aCA Final Student doing Articleship. During my Articleship period myself completed B.com. For this i obtained permossion from institute. Now i wish to join M.com and CS. Is it possible to join both the course at the same time. Is ICAI grant permission for join these two courses?

How will the Cost of Acquisition & Capital Gains be calculated for a Property if a person has bought it in 2011-12 taking a Bank Loan for 20 years & sells after the Loan Repayment period is Over i.e. in 2031-32. (For Simplification purposes , let's just consider that entire Property bought solely from Loan amount)

Details -

1)Loan Amount - Rs. 50,00,000
2)Tenure - 20 Years
3)Rate of Interest - 10 %
4)Monthly E.M.I. - Rs.48251.08
5)Property sold at Rs. 3,30,00,000 in 2031-32

1)Filling of Form - 29B (MAT Credit) required to all Companies or Not ?
2)Last Singing Date of Form - 29B
3)Who are responsible for filling Form - 29B assesse ya CA

Hello members,

I am Engineering graduate and working in a IT Company from last 2.5 Years. I don't want to do this job further due to lack of interest in the work i am doing and no learning there. My inclination is towards finance,Accounts related career options. Please suggest what are the options i can go for and how to do this. I will be highly obliged to you.

Individual having more than one proprietorship firm like 3 firm and out of 3, 2 firm are cover in tax audit, then Individual assesse require a separate tax audit for both firm "or" combine one tax audit for both firm.

Dear Sir/Madam,

I have applied for new Service Tax registration but after generation of ST-1,I subsequently found that the address of premises is written wrongly. Till date I have not submitted the required documents in department. Can we correct the same in ST-1 which is pending for approval? Please tell me the procedure..........


Thanks & Regards

Ashutosh
9534140352

do company send details of all super distributors billings to vat department. or super distributers can omitt certain bills in there vat returns to save vat recieved from micro distributors