issue 1:one Pvt Ltd company (A. Ltd) is paying insurance premium on behalf of its employee and such employee also covers its sister concern's (B. Ltd)employees. in future it can be said that B. Ltd employees are on payroll of A.ltd. or are the employees of A.ltd.

Issue 2: Can A.Ltd can raise Debit note on B Ltd for recovering of such expenses.

I am a salaried tax payer. In addition to TDS by employer I had deposited additional tax based on self assessment on line.
By mistake I had mentioned assessment year as 2011-12 instead on 2012-13 in the on line tax payment challan.
I had submitted the return in July '12.
please let me know how to rectify the error.

Dear sir,
Due to wrong understanding i was given status in my pan card AOP but i am a society so how can i correct this
I am trying to fill 49a but in 49a no column for such correction
please help me
thanks

Sir,
I want to activate a dormant company but it's authorized capital is RS. 50000 and paid up capital is RS 19500, So what i do first increase it's capital to RS 100000 or file return to ROC for previous year ?

A person was allotted a house by his employer at his work place for which his HRA was deducted.Apart from the above allotted house he owns 2 houses one at the place of work and other away from the place of work in some other city. Both are not let out. Can he show one house as self occupied for the purpose of computation of Income from house property or both the houses will be treated as deemed to be let out.

Our is a unlimited public company. we have authorised share capital of only Equity.
But now we want to have preference share capital also.

Auth. capital (Equity) is 10 cr.
Paid up (Equity) is 8.5 cr.
We want to reclassify 1.5 cr in Preference capital and further want to increase Preference share capital of Rs. 6 cr.
so please help me how to amend the MOA, how should I draft the MOA capital clause giving effect to both reclassification of existing capital and increase in authorised capital with preference share.
Further two form 5 has to be filed separately for reclassification and also for increase of capital.

if a machinery is purchased at the end of the year, can we take 50% credit of excise in that financial year and 50% in subsequent year?

Hi All,

I just wanted to know that what exactly is Venture Capital. And who can be a venture capitalist?
Can a Private Limited company invest in Venture Capital?

Thanks!

hello,

one of my client draws income from salary. he did not show some cash deposits done in bank from which he did business of futures and options. eventually he made a loss which he did not show in his tax return and thus such return was filed in salary ward within time limit as per sec 139. now due to AIR information, his cash deposits are caught by department and such undisclosed cash deposits are being added to his income. can he get set off of the loss made from share dealings from such undisclosed income even though the same is not shown in tax return?

From where should i get the latest edition of Advanced cost and management accounting-problems and solution by V.K.Saxena & C.D.Vashist.
Its not available in Cochin.
Pleas help.....