AS-3 APPLICABLE TO PVT COMPANY?AS PER ONE CONDITION OF LEVEL-1 ENTERPRISES
All commercial, industrial and business reporting enterprises having borrowings, including public deposits, in excess of Rs. 10 crore at any time during the accounting period.

PVT LTD CO HAVE BORROWED UNSECURED LOAN FROM DIRECTOR MORE THAN ABOVE LIMIT.THIS CASE FALLS UNDER THE ABOVE CONDITION.

dear sir,
I want to know the meaning of "company has a lien on share "

can you explain it with example.
thanking you

i want to change my signature for my final registration is there any problem?
plz give u r suggestion immediately.
thanks in advance

I have been framed in a false case of cheque bouncing and case is going on in court.

The complainant has claimed that:

She claims to have given me a loan of Rs 28 LAkhs in CASH in the following manner-

1. In July 2006 - She gave me Rs 14 Lakhs(one time) in cash, on which she earned an interest of 3% per month. i.e she received
Rs 5 Lakhs in one year..again in cash.

2. In Aug 2007 Next year she sold off all her jewellery and gave me another Rs 14 Lakhs in CASH on which she earned an interest of 3% for 3 more months
i.e.(Rs 5L+2.52 Lakhs=7.52 Lakhs)

3. In this manner they say they have given me Rs 28 Lakhs

4. From what I know - they have filed income tax for only 2003-2004 and 2004-2005 for Rs.82000 and Rs. 125000 only respectively.

5. Since 2005-2006 till date they have not files IT-Returns at all.


They do not have any source of income to my knowledge.

My question is:

What will the income-tax and arrears & penalty they will have to pay if they have not paid the same:
That is I-Tax on Rs 28 Lakhs since 2006 with arrears and penalty??


They have committed a forgery and fraud against me.
How can I prove that in court?

Can I file for RTI of their Returns??

What is the procedure and how much
effective is it?

Can any one pls explain the said sub clause of 44AD which says that Audit can be done only if I have declared less than 8% and my total income is more than 1,60,000/- but what if I declare less than 8% and my total income is less than 1,60,000/- then am I subject to audit or not as the sub section says

less than 8% and total income more than 1,60,000 subject to audit and if not then what is the position pls clarify.

Thanks in advance.

Respected Sir/Madam,

I am preparing a balance sheet as on 31/03/2011. I want to declare dividend at AGM which will be held at 20/08/2011.

1. For Provision of Dividend Distribution Tax, which A.Y. i should consider for tax rate? and Why ?

2. which A.Y. should be quoted on IT Challan?

What is the rate of gold and silver as on 31.03.2011 for wealth tax purpose

what is the difference b/w rectification u/s 154 and reassessment u/s 147. Indeed, its really difficult to sort out the issue whether the mistake was apparent or the income has escaped assessment. If excessive relief was granted than AO will take action under which section and why.

is it useful to do diploma ifrs from acca, uk with ca? if yes, plz provide the details like fees, how to apply, duration etc....whether this degree will have value in future ??

Dear Experts,

Please let me know the procedures about the formation of a multi-purpose private company in india as well as fees and min. capital amount. One more thing if i am not starting business at once then what is the valid period of registration of business and meanwhile i would pay some taxes to govt. or not?

My idea is open one Private Limited Company with any name like ABC Private Limited. then i want to open subsidiary company for specific business.... like medical supplies, online, web and graphic printing press and multimedia, telecome etc... please teach me in this...