Anonymous
19 February 2013 at 17:32

Short term capital gain

Hello experts,

can we transfer Short term Capital Gain(STCG) in case of amalgamation of companies?

Co.1 :- has STCG
Co. 2:- has brought Fwd. Business Losses

Co. 1 + Co. 2 = Co. 1 (they amalgamate)

Now can Co. 1 while filing its ITR Set off STCG against b/f business losses?


CA CS Rahul
19 February 2013 at 17:31

As -13 accounting for investments

Is upward revaluation of Investments is possible / allowed by any means for an Unlisted company for its investments in the shares of any other listed company ?

for e.g.

if XYZ Pvt. Ltd. has purchsed 100 shares of Reliance @ 100Rs/share, then can it show its investments @ Rs. 850 (assuming Rs. 850 is the current market value of a Reliance share)in its Balance Sheet.



Anonymous
19 February 2013 at 17:30

Rajiv gandhi equity savings scheme (rgess)

As per section 80CCG an individual can claim maximum of 25000 deduction ie 50% of Rs.50,000.

I want to know, whether an individual can invest more than Rs.50,000 in the RGESS without considering the tax benefit?



Anonymous
19 February 2013 at 17:29

Hra (rent) & intrerest of home loan.

Dear Sir,

Our one employee has taken home loan but not take the possession of home. he lived on rented house.

my query is that can he take the benefit of both -home loan interest & HRA (rent) ???

Please suggest.

Regards,

Rajendra


Sneha
19 February 2013 at 17:25

Liability of director

Please reply urgently.
A Public Company (unlisted) wants to appoint a Non-Executive Director. The Company wants to keep the liability of the Director limited upto the extent of shares held by the said Director. Can it be done by entering into agreement with the Director and filing Form 23 for the same. Is it legally tenable (Shareholders have agreed for the same)
Is there any other way to do so ??


Vinay


WE ARE MANUFACTURER. THE BUILDING MATERIALS SUPPLIER IS SUPPLYING STONE, IRON, BRICKS THROUGH TRUCKS AND ALSO CHARGING UP VAT @5% IN THEIR BILLS.

THE QUESTION IS RISEN, ARE WE LIABLE TO DEPOSIT SERVICE TAX ON THEIR BILLS.

PLEASE CLEARFY.

THANKS

VINAY KALE



Anonymous
19 February 2013 at 17:22

Apprenticeship

What is Apprenticeship??
For Learning/As a Job??



Anonymous
19 February 2013 at 17:09

Sm & it for ca-ipcc

Hello friends
plz suggest me a best Book or Author name for SM & IT for CA-Ipcc examination for getting good marks.

Thanking you


Nirmal

Dear,

Please advise about the fees payable to ROC for increase in authorised share capital. the company is situated in maharashtra



Anonymous
19 February 2013 at 16:54

Transfer of articleship after one year

Dear Members,
I read grounds of articleship transfer after one year, as specified by the Institute. But not getting any satisfactory reason where I can get my articleship transfered.

Please help me out stating any practical case you have seen and the procedure thereof.






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