One of my client (private limited company) had a paid up capital of Rs. 1 lakh at the begining of the year and is having paid up capital more than 50 lakh at the end of the year. Other conditions required by CARO regarding deposits, sales are not fulfilled. Whether CARO is applicable to the company. CARO does not define anywhere that the conditions should be fulfilled at the begining or end of the year. Please clarify.

Is audit compulsory for pre-primary school having only 8 children and gross receipt of only 8000/- per month in initial stage as break even point is at least two-three years.Similarly in case of newly established trader which starts generating profits after three four years.Advise.

please put light on some followings problem:
1.When the pf and esi registration is required?

2.What are the due dates of pf and esi for deposit?

3.When the return of pf and esi is to be submitted?

4.Is the employer share fix at 12%, can he contribute some more?

5.Is the employee share also same at 12%?

6.What is the esi share of both empoyer and employee?

7.What are the acount share (like 21,20 etc.) in pf return?

kindly reply me written words not in link with other sites.

thanks in advance.

regards

pawan kumar

i m a ipcc student.and confuse about the books of all subjects.i am doing self study.so please suggest me best books for all subject..
thanks..

sirs ,
we have a query as regards , let us take an example : A & B are unlisted companies , B'S assets & liabilities are taken over by A company , further A shall continue its business forming a new company C after tranferring B'S assets,liabilities into C company .
1)my ques is whether an intimation or permission required to ROC to A company to carry on business?
2)IF A company doesnot form C company & shall continue business in A company itself , whether in this case ROC permission neccessary ?
3)Give details of formalities to be followed in this merger ,takeover as regards ROC compliances ???????

Respected sir,
I have an HUF. I am not a member of that HUF. I want to accept gift from that HUF. May I do so and please guide who will sign the gift deed. Any other related provision.

With regards

(Subhash)

Dear sir

Please tell what needs to be indicated in regard to the following line in form 3CD if a proprietor debits vat(composition) to P.&.L account.

1)State whether sales tax, customs duty,excise duty or any other indirect tax, levy, cess, impost etc. is passed through the profit and loss account.

AND in regard to this line if the proprietor is for the first time under tax audit coz proprietorship concern normally don't disclose Accounting Policies,etc.

2)Details of deviation, if any, in the method of accounting employed in the previous year from accounting standards prescribed u/s 145 and the effect thereof on the profit or loss.

Thanks in advance

1)What is u/s 40(a),40A(3),40A(7),40A(9)& 40A(2)(b) ?

2) Amount of Deduction inadmissible in terms of section 14A in respect of the expenditure incurred in relation to income which does not form part of the total income

3) Amount of inadmissible under the provision to section 36(1)(iii)

A company in 4th year i.e.,AY 2009-10 of running shows Net profit of Rs.4511501

Prior to this Losses are:
In AY 2006-07 Business loss 1152715 and Unabsorbed Depreciation 1459834
In AY 2007-08 total Buisness Loss 2768988 in which depreciation Debited 4125445 hence only unabsorbed depreciation.
and in AY 2008-09 Business loss 2289291 and Unabsorbed Depreciation 3509581.

My question is to what is the amount for set off while calculating Book profit in regards to unabsorbed depreciation or business loss whicever is lower.

Thanks in advance

i have heard that the Govt proposes to repeal ITA, 1961 and frame & enact ITA,2011 with all new sections and provisions etc. (of course keeeping the Basic Structure same)..

is it true?? if yes, could u pls provide me any details?

thanks in advance.