santosh shinde
03 September 2014 at 13:28

Pvt ltd : allotment by right issue

I have one query relating to the allotment of Right Issue of Private Limited Company:

1. Authorised Capital increased on 22.05.2014

2. Existing shareholders deposited Share Application money in Company Current account as follows

1. 1st Shareholder: Deposited cheque & cleared as on 20.05.2014 full payment

2. 2nd Shareholder Deposited money as follows:
- half application money as on 14.07.2014
-some part as on 12.08.2014
-remaining as on 22.08.2014

3. 3rd shareholder deposited money as on 14.08.2014 full payment.

So my question is how can i tackle this situation as all application money received on different date and what will be the date of allotment.
Queries:
1. Whether is it correct to show allotment in to two different date as per Application Money received by Company.
2. Whether is it correct to show only single allotment on 22.08.2014 but in that case share application money received from 1st shareholder passed 60 days criteria.



Anonymous
03 September 2014 at 13:19

Secretarial audit

DOES EVERY LISTED COMPANY HAVE TO APPOINT SECRETARIAL AUDITOR OR NOT


ritesh

we are manufacturing industry. we have constructed a building in one of our plant in India for manufacturing purpose. Currently production process is going on there. during the construction company has hired a contractor who have only supplied manpower. All building material is supplied by company to contractor. so i want to know that ,our liability of service tax is only for amount the bills of manpower charges supplied by contractor or we have to pay service tax on the whole amount of the building construction.say. Rs.1 crore is the amount of bills of the contractor & material cost is Rs.4 crore. so I have to pay serice tax on the whole amount of Rs.5 croere or on the 1 crore.


AMIT
03 September 2014 at 12:53

Reference books

What are the best books for the following CA final subjects: 1. Audit 2. Isca 3. Law



Anonymous
03 September 2014 at 12:44

Section 87a

I just have a doubt regarding rebate u/s 87A that why is the rebate u/s 87a deducted after gross tax but why not after charging EC & SHEC i.e. after net income tax?



Anonymous
03 September 2014 at 12:42

Audit report

In which form audit report is submitted in case of a private ltd. company having turnover below 50 lakhs.Is form 3CD is compulsory in each case of audit. which form is submitted alaong with 3CD, wheter Form 3CA or 3CB. plz suggest me the whole concept.


gaurav mittal
03 September 2014 at 12:38

Income tax

Hi all, A manufacturing concern (Partnership firm) has given a part of its building on rent of Rs. 4 lacs/year. What should be the tax treatment for the rental income, whether it will be taxable as the income of firm @ 30% flat rate or as the income of partners at slab rate.


Sushil Kumar
03 September 2014 at 12:35

Catagory of service

Company doing work of "installation of Point of Purchase material" like Racks/FSUs counter tops in various shops & Malls for Clients order.
Also manufacturing above for same client.

I want to know above service is taxable or not ? & cover under which service tax category.

Please reply ASAP


Thanks & Regards
SUSHIL KUMAR


Kishore
03 September 2014 at 12:34

Deduction u/s 80u and 80dd

One of the salaried person is a handicapped and claiming deduction U/s 80U. His depended wife is also a handicapped. Wife is not claiming any deduction as she is a housewife.

Queiry : Can he claim in his salary deduction U/s 80U as well as 80DD.



Anonymous
03 September 2014 at 12:25

Query

i am going to give cs professional exam in December 2014 i want to know about the applicable changes in co.law in this attempt also pls let me aware of impact of changes in other subject due to co.law.also the book which i can follow for coming exam with all the updation.






CCI Pro



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