Assessee is having following stock in physical form:
80000 purchased in 1992 @ Rs.100
10000 shares issued as a right shares in 1997 @ Rs.300

Now asseessee want to sell 25000 shares. Can he sell 10000 shares out of right issue and 15000 out of shares purchased in 1992?

In nutshell my question is if securities are in DMAT form it is mandatory to follow FIFO method. Whether same principle applies to shares held in Physical Form or is it possible if i am having different certificate i can sell any shares at any time without following FIFO method

I have exactly 100 days more for my exams. I am appearing for group 1 in may2011. How should i plan my time ? how to prepare for the exams ? I have completed just 10% till now. I request the experts and other friends to help me out in this situation.


Regards,
Sowmya.

Hello..........
can anaybody pls tell me what are the consequences of non payment of stamp duty on issue of share certificate by closely held company? How to avoid that?Ours is closely held company and non profit making company

I am construction company prop. and also doing some contract works. I have VAT TIN and also CST NO. for Purchase of Utensils from Mumbai/Banglore...
My que. is that
1) I have purchase Utensils on C form Purchase, they give invoices to us on my Local VAT TIN No. Do it is right to quote VAT No. instead of CST No. in invoice ?
2) They have shown qty rate = amount + packing,forwarding & postage etc... = total *2% CST do it is right ?
3)Now Do I have to Count Purchase including packing,forwarding & Postage etc. or shown these exp. seprately as direct expense ?
4)In my EVAT Return Do I have to shown full amount of Purchase as Que. no. 3 ?
5)Now I have to Issue Sales Invoice of CST Purchase in Gujarat. So Kindly Know me the rate of Utensils in gujarat.
6)last I have tax invoice of spares and lubricunt which is used in construction and in our vehicle which are used for constrution or any transportion purpose, Do we can take setoff/credit of those purchases ?

thank you very much in advance

pls don't leave my que. alone
any suggesstion and help will be defenitely inspire me for helping hands.

I received notice for defaults u/s 159/166/210/220 of the Act., but now I want to apply for EES. Please suggest appropriate reply that can be given in ROC relating to this notice.

HELLO EVERYONE ,

I HV A QUERRY REGARDING APPLICABILITY OF TDS ON FREIGHT REMITTANCE TO A FOREIGN CARGO (IT INCLUDES BOTH AIR CARGO AS WELL AS SHIPPING CARGO) COMPANY IN US WITH RESPECT TO IMPORT OF GOODS.....

KINDLY HELP IN SOLVING IT....
ALSO I M MORE CONCERNED WITH AIR CARGO......

THANK YOU

If a bill, due for payment which is liable to TDS, has been credited in books on 10th July whereas the tax has actually been deducted at source on 16th august and correspondingly deposited before 7th September!

My query is whether it would be said to be NON COMPLIANCE OF LATE DEDUCTION OF TAX OR NON COMPLIANCE OF LATE PAYMENT OF TDS AS WELL?

PLEASE REPLY

Respected Experts,

Can a unlisted company be incorporated with a face of value of shares less than one rupee..
and secondly can we alter the face value to less than one rupee for already incorporated as unlisted company.. please provide section numbers or case laws as applicable

Can anyone has soft copies of FORM - A and FORM - B of Bombay Shop Establishment Act, 1948 ?

i have an digital signature of sify ( safescypt) class 2. I have received 2 PFX files and password throgh email. I want to register it on MCA site.

I am trying for registring it but after entering all details when I clicking on "select certificate" tab to select DSC, then it shows " certificate not been selected. To complete the registration you need to select a certificate".

I have also checked in another computer but same problem.

How can I select a crtificate ? whether any internet explorer settings are required for it.


Please help me to register it.