Can the learned members please guide me with the following query of mine:-

Can Security Premium and amalgamation redemption reserve be used to issue
Bonus Shares in a Public Limited-Unlisted Company? Please note that such
Securities premium has arisen on *issue of shares on amalgamation*.

As per SEBI (DIP) Guidelines for Issue of Bonus Shares, Reserves (i.e., not
Free Reserves) not available for Issue of Bonus Shares are:

1. Capital reserve arising due to revaluation of assets.

2. *Securities premium arising on issue of shares on amalgamation or lake
over*.

3. Investment allowance reserve/Development rebate reserve before expiry of
4 years of creation.

4. Balance in debenture redemption reserve account before redemption takes
place.

5. Surplus arising from a change in the method of charging depreciation.


But I require the applicability of such reserves strictly for *unlisted
public companies.*

i am writing ipcc exams in nov 2013...and i have got practice manuals last year...is there a need to change pracice manuals r can i prepare from those only???pls suggest...

Hey,
I will shortly be joining a financial services firm after doing my MBA in Finance.
I have developed an interest in giving CA IPCC exam (as CPT is not required for me).
After clearing IPCC what is the roadmap for a working professional for doing articleship?? Am I required to leave my job and search for articleship or my financial service job experience of 3 years will be equal to an articleship?
Please guide
Thanks!

I AM IN BUSINESS OF CONSTRUCTION OF RESIDENTIAL COMPLEXES. HOW SERVICE TAX IS APPLICABLE ON ME AND AT WHAT %. AND WHAT IS RATE OS ABATEMENT CAN BE AVAILED BY ME. WHAT IS DUE DATES FOR PAYMENTS OF SERVICE TAX N RETURNS. AND ON WHAT AMOUNT SERVICE TAX MUST BE PAID WHETHER ITS ON FULL AMOUNT OF FLAT OR PAYMENT RECEIVED BY ME.

Hello Experts,

I am registered for CA course at Kanpur. After passing 1st group of ipcc i started my training in New Delhi. now i want to come back to my home town Saharanpur (UP) and want to do rest of training here due to some financial problems. Now the problem is, i have completed more then 1 year in training. my employer is ready to give me transfer. now please suggest me the procedure to take transfer and also the "Reason" should i mention in application to take transfer.


Plaese Experts do the needful.

Pl tell us the due date of service tax return for Oct. to March. 2013.

respected sir,
i would like to know when agent commission income is under 60000 limit then he get deduction upto rs20000 but whenever his commission income goes to beyond limit rs60000 then upto what limit he will be get deduction and in which section.
please give me satisfactory answear soon.

I had purchased a house property on which i had derived the benefit of deuction of interest on house property and the same property i had sold and the loan for the same is also paid.Further i had purchased a new house property and also taken loan for the same my query is that can i claim deduction u/s24 interest on house property on the new house.

A Director of a private limited company is going for Some meeting in another city in India.Can the Company claim deduction under Income Tax as Business Expenditure?
Should the company pay for flight expenses etc by cheque or net banking in its own name to claim deduction?
What documents are required to be maintained?

Friends I have been in CA course since last 13Years or so but still 2nd grp. of Final is pending. I have cleared CA foundation in my 1st attempt PE-2 in 5 attempts and May 2013 Final was my 12th attempt in Final. I have got married in between.I m not from a financially sound family.I am working in a company and appeared for d May 2013 exam and got 182 marks.I have given 2nd grp. 4 times and failed on all attempts.Probably i will be the most BEKAR AND FALTU ca student in the history of CA Institution.I am scaterred and i think i am good for nothing. I have tried my level best to pass but couldn't get through.Friendz plz help I hv bcm AKELA