Dear Sir,

A Priavate Limited Company has business income is 0, But in the mean time There is a Short terms Capital Gain of Rs. 3,00,000/- and Long Terms Capital Gain is Rs. 12,00,000/-. All STCG and LTCG are from Investment in shares.

While calcualing the tax. The company is liable for MAT U/S 115J of Income tax Act,

Please suggest us

is ipcc exam also shifted from nov-09 to dec-09

Pls, clairify provision about DIN

Prakash

whether interest received on enhanced compensation is capital gain or income from other sources ?

dear sir,
I have enrolled myself for PCC in Dec' 08 and i started my articleship on the 15th dec 08. however now i wish to switch to the new course according to which my IPCC attempt shall be in nov '09 against the otherwise nov '10 in the earlier course.
I have already made a payment of Rs7500 via DD and collected my study materials in Dec'08.
I want to know that now how much will i be required to pay to switch to the new course and can i use the same study materials or whether i have to purchase new study materials. If i have to purchase new study material then what can i do with the old PCC study materials.
Thanking You,
Yours Faithfully,
Ms. Shikha Patel.

One more query.

If the employee opts out of PF Contribution, what's the procedure to opt out? In this context, what's the obligation of Employer, should he still continue to contribute 12 % of Salary as PF? or he can also stop contribution since the employee opted out?

Thank you,
Raghu

Dear sir,

I have query regarding Application money refundable and interest payable on deposit which remains unpaid for more than 7 years. In one of the company in which I am auditing having two account. 1. Unclaimed Application Money 2. Interest payable on Deposit pending information.

In first account i.e. Application money, the contension of the company is that they did not get information from Central Bank regarding payment they made to the investor. So they did not change the balance after last confirmation. Around 8 lacs Rupees lying in that account. Further

For 2nd account, they informed me that only 23000 remains payable and we will pay if liability arises. But it is payable from 1993-94.

I am not comfortable with the companies explanation regarding this. According to me, both amount has to be transfeered to the Investor Protection Fund.

Please suggest your opinion.

Regards,

Jigar

Hello,

Can anyone help me to know whether recovery of repairs expenditure from tenant would liable to tax ? If yes then under which head i.e. Income from house property or Income from other sources ? In either case whether any deduction can be claimed ? Can it be considered as capital receipt not liable to tax (Amount is Rs. 15,000/-) ?

Thank you

I want to know is there any mandatory to maintain some kind of Share holding %ges for compliance of ROC or Tax purposes.
Minimum holding for Directors, shareholders or etc.... how much shareholding by another co. will amount to associates, holding subsidiary, wholly owned subsidiary.. or anyone please refer me some books on these

is it manadatory for a subsidary of a Govt. comp. to file form 25C?