A pvt. ltd. company with book value of Rs. 30 per share proposes to issue 5 lacs shares of Rs. 10 each at par .Is the diff. of Rs. 20 per share taxable in shareholder hand as per amended provision of sec. 56(2)(vii).kindly also give the relevant citation/ notification etc. .An early response shall be highly appreciated.Thank you

Please help me to solve my query

An Assesee providing service like Meru cab to Western Railway is the western Railway should be treated as government entity or is liable to pay service tax or not?

Does capital contribution made by the assessee in the partnership firm considered as property of the assessee for sec. 2(14) of the income tax act, 1961

in case of new registration of private limited company...with capital of 1lakh

1. is it compulsory to appoint ateast one Managing Director or Whole time director or Executive director?

2. Is it compulsory to appoint manager or sercretary?

3. or we can file form 32 with just 2 directors and nothing else.?

Dear Experts ,
My client has recieved gift as money from their relative using which they purchased a house property.
For the purpose of tax
1.What will be the tax on money they received as gift?If any,
2.Cost of acquisition will be of the house will be the purchase value?

i want to ask one thing that i m doing ca ipcc and i have completed my graduation if i take up the cs from here it will be beneficial for me or not as the course content is 70% same to what i studied in ca.. please reply...

Dear Sir,

Our co was a partnership firm before now became public ltd co. how we can change our IEC certificate now. is it required to apply online only. because we have take DD of Rs. 1,000 from our bank.

I read in dgft site that if u apply online u need to pay online only. is it true.

our branch address is also changed now.

Pls. advice.

The assessee is a society registered under Indian Societies Act, 1860 formed for charitable purpose & accordingly registered under sec. 12A of Income Tax Act.

During the A.Y 2013-14, the assessee has sold its land, receiving Net Sales consideration of Rs. 1 crore.

The cost of land purchased in F.Y 2001-02 was Rs. 2 Lac.

During the year assessee incurred Rs. 40 L as land development expenses.

These expenses were incurred to construct boundary wall and filling up the land sold during the year.

The society donated Rs. 50 Lac to a separate trust having charitable object of providing medical facilities.

The donee trust is also registered u/s 12A and 80 G of Income Tax Act 1961.

Please advice, how the sale consideration will be treated.

what is meant by GL accounting process?
plz tell me roles & responsibilities of GL accounting process

i am going to audit a government college

please guide me how to proceed and format of audit report if

its under society or if not under society...

please urgent ....

thank you