A private Company wants to issue shares at premium. Can a company receive part premium with face value now and the remaining premium and amount later?

I WANT TO KNOW WHETHER A PERSON WHO IS NON- RESIDENT IS REQUIRED TO OBTAIN PAN NO AND FILE A RETURN IN INDIA IN CASE OF INCOME TO BE RECEIVED BY HIM FROM A PRIVATE COMPANY TO BE FORMED IN INDIA IN WHICH HE IS PROPOSED TO BE A DIRECTOR ? HE IS ALREADY FILING HIS RETURN IN US IS THERE ANY OPTION AVAILABLE

Can a pvt ltd company or a public comapany be a "popreitor" of a proprietor ship concern.

If no, where in law/case law has it been prohibited?

If yes, will the propritorship be a seperate entity?

thanks in anticipation.

Pooja

hello

my articleship is going to complete on 8 of feb 2009. my one month waste due to transfer.
can i appear in may09 exams??


plz rply bcoz i m preparing for may09

Sir ,

Kindly look in the issue , whether the Income from dividend shall be shown as Business Income for a Investment Company .


In the present case the Company has having ( Investment in shares in bulk quantity ) and has shown the same in investments and claim capital gain on these transactions .

The dividend received from these shares should be treated as business income or not in the case where the company is having only two source of income one from Rental Income and other from Dividend

Sandeep Rohatgi
9868705794

Kindly clarify that trusts( education, marriage) can invest in shares of listed/ unlisted companies?

Could you explain the difference between advanace recoverable in cash or kind and current assets as per schedule VI of companies act.

If an assessee has earned a long term capital gain and is not having any house property on the date of sale of original asset from which the assessee earned long term capital gain. But to save long term capital gains the assessee has invested in two separate residential houses on the same date....Will he be eligible for claiming exemption u/s 54F i.e. can the assessee claim benefits of investment in both the house properties or will he be disallowed exemption u/s 54F?????

We are paying courier charges by cash on daily basis and total amount exceeds Rs 50000/= in FY.Should we deduct TDS u/s 194C?because it is not practicable to cut TDS on daily basis.Due to admin reasons the party is not willing to give monthly billing.How to resolve this issue?

Mr. A (a resident individual) is a salaried employee having annual salary around Rs. 6 lac. He stays in a rented house in delhi and pays the landlord Rs. 13000 per month. In his salary component he claims HRA for the same.

The landlord stays in Canada since few year and comes to India for 10-15 days in a year. This makes him a non resident. Mr. A use to pay the rent in bank account of the landlord in Delhi itself.

Query #1 - Whether Mr. A is required to get TAN no. and deduct TDS for payment of rent under section 195 of the IT Act.

Query # 2- Will it make any difference if Mr. A is a labour working with a contracter and having fixed salary of Rs. 2000 per month (Rs. 24000 per annum). Funny but still a question.

Regards,

Ajay Gumbar.