Dear sir,

My client is selling a land & building for Rs. 1.08 crores. The land was purchase in the year 1984 for Rs. 30000. The house was built in two units. 1st unit was built in the year 1984. & 2nd unit was built in the year 1989. The area of the land is 30*40 i.e 1200 sq ft. The stamp duty is paid on Rs. 43.40 lacs. Balance of Rs. 64.60 lacs is received in the black money. But he donot want to disclose the black money of Rs. 64.60 to the department. He is ready to pay LTCG on Rs. 43.40lacs. He is planning to buy another land & construct the building with in 2years.

For the year he is planning to post pone the construction to the next FY 2013-14.

Till that time what is that i have to do?

Please guide.

with regards,

R. Gurucharan.

A company want to increase its authorized share capital and to save the very impact of stamp duty on such increase. Presently, the registered office of the company is situated in the State of Maharashtra. As the UP Stamps act does not provide for any rate of stamp duty on Increase of Authorized Share Capital, the company decides to forward petitions before Regional Director Mumbai for shifting of RO to Noida, UP. In the meantime, means before RD's approval, the company holds EGOM in the State of Maharashtra for Increase of Auth. Share Capital and passed required special resolution. Now, after RD's approval/order for shifting of RO to UP, the company shifted its RO to Noida, UP and filed Form 5 for increase of Auth. Capital with ROC, Uttar Pradesh. Can ROC Mumbai or Collector of Stamps, Maharashtra demand stamp duty on Form 5 merely on the grounds that the place of passing special resolutions was Maharashtra? Does place of execution of resolutions hold any relevance in this case?? Please advice.

I want to Know the official address of ICAI New Delhi to send final registration form.

Hey i am a CA foundation batch Student, Cleared my PE-II in Nov 2006 attempt, but had a long break from studies. Now planning to write CA final May 2013 attempt- group wise. Can you please advise me for the below queries?

(1) Am i still eligible to attempt in final old scheme( 2 groups- 4 papers per group)?

(2) i had applied online for ATC( Accounting Technician Certificate) in 2009 but still has not received the same. What needs to be done?

Sec 2(ea) "assets", in relation to the assessment year commencing on the 1st day of April, 1993, or any subsequent assessment year, means......xxxxxxxxxx......but does not include:

1) a house meant exclusively for residential purposes and which is allotted by a company to an employee or an officer or a director who is in whole-time employment, having a gross annual salary of less than 10 lakh
rupees;


My doubt is , if salary is more than 10lakh then asset is taxable in hand of COMPANY or DIRECTOR/EMPLOYEE????

Can anybody tell me that what should be the correct procedure for fresh issue of shares? Do I need to receive the money from issue of shares first or first I need to increase the authorised capital? when I need to alter the MOA and AOA and when I need to file Form 5. Do I also need to file Form 2 for allotment.

Sir i have completed my 2 and half year of articleship and i m totally fed up and now i want to change my ca firm...
Please tell me its very urgent

Dear all,

I have a serious doubt regading fresh issue of shares by a private company. I have done all the searches in google and other sites, and I am getting mixed opinio. My doubt is whether company needs to conduct a general meeting for fresh issue of shares or a board meeting can be conducted. Somewhere I have that a clause that for the companies which are registered on or after 1st october 2009 can issue shares after passing a resolution. please help me.

Hello Friends,

As we know if any one started service firm they will be not be liable to pay service tax up to certain limits. (Current limit is 10 lac).

above limit we cant considered exempt services and other notify service by Govt. of India.

But how we calculate the above limit in case of below services:

1. Abatement service e.g. tour operator etc

2. Air ticket agent services?

please explain effect of finance act 2012 and Notification 25/2012.


Regards

CA. Anoop Gadia

Dear Experts !

I have accountant in a Pvt. Ltd. company.(Maharashtra)kindly five me reply of following que.regarding professional tax.

our company is start from Apr.2011.

1)we have deposit PT of our company employee for 1-Apr-11 To 31-Mar-12, in Nov-2012 through single challan. then can how can i fill e-return for Mar To Feb ?????

2)we have deposit our company PT for Rs.2500/- for Fy 2011.12... how will we return filling of that ???

Thanks in advance.

Regards,

Rajendra.