SIR,

IS THERE ANY LIMIT TO CASH GIFT GIVEN TO RELATIVE FOR A.Y.2012-13 AND CASH GIFT GIVEN TO OTHER THAN RELATIVE?

In the Sale Agreement of a flat in Mumbai,which my relative has purchased, it is clearly mentioned that all electricity charges are to be borne by the flat seller upto the date of transfer of property.

The electricity charges of the company (Reliance Energy, in this case) includes the following:
1)Bill amount of Rs.430 for the last month before the date of transfer
2)"Additional security deposit demanded along with March 2012 bill but still unpaid Rs.1040" which is mentioned on the last month's bill

Sirs, kindly clarify if the flat seller is liable to pay:
1)only the monthly bill amount of Rs.430,or,
2)the monthly bill amount of Rs.430 plus the unpaid security deposit of Rs.1040, that is, total Rs.1470

Dear Sir...
i have to make a projected balance sheet for granting a bank loan plz tell me whether revised schedule vi is applicable for Individual's Balance Sheet or not.

Hi,

If a company is not meeting the Arm Length Price (International Transaction - with group companies), what is the penalty company needs
to pay. can any one clarify

I have paid dvat insteat of central sales tax,please tell me apropriat solution.

What is the customs duty for protein concentrates and textured protein substances which comes under 2106.1000.
Our product Billing Value is 190 INR.
MRP is 3000 INR.
BCD?
CVD?
OTHERS?
Tell me the exact duty.

Dear sir,

please clarify the following,

when the shares have been issued for consideration other than cash(i.e to promotors at free of cost)

Entry : G.W a/c dr 140 crores

To Equity share capital 100000
To sec.premium a/c 1399900000

can the above G.W be written off as per sec.32 of income tax act,

if yes,please provide the relavent case laws or any circulars or notifications.

Dear Sir/Madam,
I had registered myself for CA-IPCC through direct admission scheme in Sept'12 since I have done my BCOM from Delhi University with 55% aggregate and also on the basis of my form got submitted, I further registered for Orientation Program and ITT program, started my articleship as well. Now around 15 days back I received a letter from ICAI stating that I am not eligible for registeration in IPCC because, I didn't clear the exams of 100 maximum marks for atleast 3 subjects.
For that matter I went and enquired from vishwas Nagar,ICAI and got to know from an employee in article department that high level meeting is on and the dicision for the same would be taken soon.
Already 10 days have gone past since I have visited there, I am really worried whether I'll be able to give my exams in may'13 or not and what will happen to our articleship, for whatever time I have already completed, Is there any update? Please assist.

Regards
Mayank Saini

Dear sir,

please clarify the following,

we want to float a company with the authorized capital of Rs.200 crores.but roc registration fee is about 0.5% which is very huge,

hence we thought that to register with Rs.100,000 as authorised capital and remaing as securities premium

Entry: cash a/c dr 200 crores
To Equity share capital 100000
To securities premium 1999900000

can we pass the entry like this,
is there any restriction to create securities premium.

is there any restriction as a % of capital for creation of securities premium

can the securities premium be utilized for aquisition of land or any other asset.

Clarification No.F.133/06/2007/TPL dated 9-5-2007 of CBDT which deals with IT exemption for co-operative societies u/s 80(P) is required. Is it available in the internet?