Aman Vohra
18 February 2013 at 10:05

Ipcc law preparation

Dear experts, I have prepared my Law ethics & comm. by only Icai Study material & compiler. Is it enough or Should I go for another book. But now may 2013 is very near so I have to revise my other subjects also. So should I go for only material from which I have prepared or it is not good to score good maarks


Surendra Kumar Sharma
18 February 2013 at 10:00

Providend fund

Dear Sir

Is it mandatory for employer to contribute P.F. If the employee basic salary is more than 6501/- per month and what is the basic salary in which P.F. is mandatory.


alifiya
18 February 2013 at 02:21

Study hours

dear experts....

Its been one month since result n im not studying well
On anaverage i studied only for 3 hrs...I have sleep disorder.

I sleep by 1.30am but then i get up at 1 pm in afternoon...
Then i get tended ....
I go to library...
Travelling takes 100 mins roughly...
Pls advise me when to study , how to reduce my sleeping hours...
Actually i amn not motivated to study....
After 1 am at night i cannot study...
Pls advise
This is my 3 attempt


pulkit arora
18 February 2013 at 01:26

Capital gains section 47 and 47a

If a firm is succeeded by company on 1/04/2009 and conditions of Section 47 are satisfied and Company sold one of the machinery acquired during the succession on 1/05/2011 for Rs. 1000000 which is acquired at Rs. 500000( here the cost of acquisition of Previous owner i.e. firm will be taken, for simplification take it 1,00,000) leading to capital gain of Rs. 900000.

However the the shareholding of partners fall below 50% on 31/10/2012. Section 47A will attract and capital gain will be taxable in the hands of company for whole of the capital asset acquired during succession( including machinery Rs. 50000-100000).

My question will there be double taxation on machinery firstly Rs. 900000 and then Rs. 400000?



Anonymous
18 February 2013 at 00:12

Vat and income tax

hello sir
i am a ambuja cement agency holder
can you guide me about the tax liability which i have to file both vat and income tax.
and the procedure to file vat and income tax
. i have doubt about the ledger which i receive every month frm ambuja about the monthly transaction and consumption , there vat amount is already added, so do i have 2 again pay the vat , kindly guide me where to pay vat and how to calculate vat on my monthly product , also do i have to pay monthly or yearly ..


Anuj Verma
18 February 2013 at 00:03

Change of address

Hi all,
i am in the process of filling my ITR and my current address is differ than the address, from which i applied and received my pan card.

there is tax refund due in my account and want to get this directly trf. to my account.

is it mendetory to update my current address with NSDL or i can submit my returned with changed address. can it make any delay in refund process.

kindly suggest.


CA Karan Kirit Joshi
17 February 2013 at 23:43

Cash gifts during wedding.

Sir,

I have read few opinions of yours on the forums.

My question is :
My sister got married on 29/01/2012.
Her return of Income is filled till AY 2011-12.
Till now, only nominal income is shown in her return of Income. (i.e. Interest Income and Stipend Income etc)

My dad is a lawyer, who regularly files return of income and in AY 2012-13 he filled the Return showing Gross Total Income of more than 8 lacs.

My sister has got almost 5,30,000 /- in cash as gifts during the wedding and reception occassion in total.

Those cash is not yet deposited in bank accounts of her.

Can we deposit that money and start investing in her name for future savings.

The amount of 5,30,000/- seems big to me.

What is the advisable course of action in this case.

Please Advice in detail.


Thanking You,
Karan Joshi.


ankit doshi
17 February 2013 at 22:52

Foreign director

Can a private limited company take loan from foreign director?
If yes, what are the rbi / fema compliance to be done?


hetal
17 February 2013 at 22:15

Goods given as free sample

In manufacturing company goods given as free sample for deciding excise value how to prepare invoice for that goods? and on which price (cost or sales price)excise should be count? per unit price should be written on invoice or not? please reply as soon as possible. thanks



Anonymous
17 February 2013 at 22:11

Issue of shares at premium

HI
MY COMPANY WANTS TO ISSUE 100 SHARES @RS.100/- EACH AT A PREMIUM OF RS.9900/- EACH.
I WANTED TO KNOW WHETHER THERE IS ANY SPECIFIED LIMIT ABT ISSUE OF SHARES AT PREMIUM OVER YOUR NOMINAL VALUE?
WHAT IS THE MAXIMUM VALUE AT WHICH SHARES CAN BE ISSUED AT PREMIUM? PLS TEL ITS VRY URGENT
THANX IN ADVANCE






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