Hi Everybody

I want clarification regarding appointment of Internal Auditor.The Situation is as below.

Mr.V is a Statutory auditor of M/s.XYZ P.Ltd has Appointed as Internal Auditor of M/s.ABC P.Ltd which is not either Holding Company or Subsidiary of M/s.XYZ P.Ltd but the Management of both the companies are Same.whether appointment of Mr.V as Internal Auditor of M/s.ABC P.Ltd is Valid?

sir plzzz tell me that is holding rank in ipcc is really a great improtance if yes can someone get rank in ipcc by giving both group one by onein first attempt

Is GMCS-1 to be mandatorily completed in the first year of articles,if not please provide the details regarding GMCS

Hi Friends,
I am a CA Final Student.
My query is -

Where a company distributes any asset being "Capital Asset" in course of reduction of capital, such distribution is taxed u/s 2(22)(d) in hands of company. Company is also liable to capital gains as it has transfered a "Capital Asset", in addition to CDT.

How to compute the "Sale Consideration" received by company which would be used to calculate the capital gains in hands of company?

Waiting for reply....
Thanks in advance...

respected sir,
we are partnership firm and doing trading of building material such as cement, bricks etc. my question is that for f.y 2012-2013our total turn over worth rs 89,00,000 and net profit is 26500 rs, shall we liable for audit or not and if liable then under incometax section.

IF INCOME SALARY EXCEEDS 10 LAKHS IS THAT IT RETUNR FILLED THROUGH AUDITOR

Dear Experts,

Please let me if i want to convert myself in Direct Entry Scheme from IPCC then it is necessary to give articleship details and filled from with it.

Sir, please help me with the applicability of excise duty on sales against form H.
Thank you in advance.

My mom has exempt income >5000 due to which she needs to file ITR 2,but she is a non salaried person and have never been in service. ITR2 makes it manadatory to fill the employer details. What is the alternative/correct way?

Also my Dad is a pensioner from State Govt
Should he write the employer details?

Regards
Gagan

Dear All,

I have purchased a property for Rs. 2 lacs while its market value or stamp duty value is 12 lacs (u/s 50C). So kindly tell the capital gain liability if we will sell this in future.

Should capital gain thereon would be calculated by taking consideration 2 lacs or 12 lacs?

Thanking you.