There is 3 directors in the B Ltd and 2 of them are also director in the A Pvt. Ltd.Can only from the point of mejority of Directors B ltd is Subsidery of A pvt. Ltd.

A closely-held company was engaged in the business of financing and trading in cloth. However, no business activities were carried out during the year (except investments in F.D.).

Income by way of dividend (exempt) and interest on FDR (income from other sources).

Whether the expenses incurred during the year (for existence of the company) such as audit fees, filing fees, accounting charges, bank charges etc. can be claimed to arrive at business loss?

Can such loss be set-off against income from other sources (interest on FDR)?

Can interest on FDR be treated as business income, on the grounds that the company is engaged in the business of financing?

Thanks & Regards,
Niki

Can Somebody Give some Information about I.T Act 263.

One of my clinet DIN is rejected due to following reason...
1. Non-submission of Affidavit (for applicant or his/her father's name being a single name)
2. The particulars of your father's name filled in application form do not match with the particulars of your father's name in the enclosed evidence.

so now i required to submit affidavi but the affidavit given at mca portal is like

I am PAVSAN MUNDADA and my father’s name ASHOK, appearing on the enclosed ID proof, is single name. My grandfather’s name is LAXMAN. For applying DIN application of mine, I am mentioning my grandfather’s name " MUNDADA" as my father’s Last name, as this a mandatory requirement for applying DIN. (Referred point no. 16 in FAQ at www.mca.gov.in ). Both names denote one and the same person.

I solemnly state that the contents of this affidavit are true to the best of my knowledge and belief and that it conceals nothing and that no part of it is false.

SO WHETHER I HAVE TO MENTION MY CLIENT GRANDFATHER NAME AS MY CLIENT SURNAME OR I PUT HIS GRANDFATHER NAME ONLY...

DO SWEAT EQUITY SHARES OF UNLISTED COMPANIES REQUIRE A LOCK-IN -PERIOD OF THREE YEARS AS PER UNLISTED COMPANIES(ISSUE OF SWEAT EQUITY SHARES) RULES , 2003 OR ANY AMENDMENT HAS BEEN MADE TO THIS.
IF YES WHAT RULES SHOULD BE KEPT IN MIND?

Dear all

I have doubt please tel me

one of the employee take home loan for pune house.but he is in hyderbad he is paying rent 5000/- both are exmpated or not please tel me


Regards
Suresh

my boss is going to abroad for official visit, for that we bought foreign currency form authorised dealer , let me know the accounting entrie for the above transaction.

please provide me answer of CA final nov 08 papers of accounts, mafa, law, audit, costing, mics

I m under new final course and my a/c coachng is of old course so will it b fine to take these classes and what is the diff b/w old n new course pls reply soon.

whether accounting standards applicable to small and medium enterprise