Dear Sirs,

A Pvt. Ltd. was incorporated on 13.01.2010. Each of the two subscribers signed for 10,000 Eq. Sh. of Rs. 10/- each. Each paid Rs. 50,000/- in cash. The balance is yet to paid. Can the subscribers take the balance shares after 31.03.2010 and file ROC Docs. for the period 13.01.10 to 31.03.10 with Rs. 1 Lac paid up capital ? If no, kindly mention the section for reference.

I was informed that FORM 2 is not reqd. for subscriber allotment. Pls confirm the section which exempts such allotment.

Pls reply.

Best Regards
G. Sharma

Hi,

Can any one tell me when to recognise revenue in case of FOB & CIF export sales ?

Pls reply urgently.

Kinjal Shah

Hi i am a CS Executve Programme student registered on Nov 2009. i ve just finished my Module I CS Exams.I have not taken up the Students Induction Programme till date.what are the consequences of not attending the programme?? Am i eligible to attend it now??

Dear CAs,

We are in the brown field project. Till last month project was on but due to some reasons the project is kept on hold and may be scrapped if not started in next few months.

During the execution of the project we purchased capital goods and raw matarial for construction of capital goods. As on date these are not ready for use for the reason stated above. But we have taken cenvat benefit on the items/material purchsed. Now my quary is-

a) Whatever Cenvat utilised holds good or we need to reverse the same as project is going to close.

OR

b) We may continue to take the Cenvat as taken previously.

Please give your views on the above.

Regards
Manoj

Hi I am an Account Executive of a Private Ltd.Company.
My Questions is:-

A Government Retire person working is a private limited Company.The Company has paid net salary is approx. 13 Lacs P.A.The company has duducted TDS as a Professional service.The employee is not register of Service Tax department.If he register Service tax department the company didn't pay service tax to him.
Is it necessary to register service tax department ?

One of my clients(indian company) have paid commission to a japan company. Is this indian company have to deduct tax at source on such commission paid? If there is any case law or articles on this topic, please let me know.
Thanks in advance

Respected sir

I am accountant in private organization i want to now how make accounts entry for
01. for staff payable and deduction form staff
02.how make payment for pf threw bank
03.how to create bones entry
04,how make payment for bonus

note : bonus should be accounts entry only not cash not affect ,it like provision only not realy paid into hand staff

thanking you

A Builder has sub contracted whole of the project to sub-contractor and payment is made on running bill basis. Advance payment has is received on monthly installment basis from the buyer by the builder.
what will be the service tax liability on both the parties

Sir
I am a CA final & CS executive student. i am not interested to join Training Under CS course. So, plz tell me whether Training Under CS is mandatory. I heard than one can become LCS , if he/she doesn't go for training.Is this scheme applicable now ? What benefits i will be losing if i doesn't undergo CS training. What benefit's i will have being a LCS ?

One of our Client has valued the inventory @ market Value. I have made a reservation in my Audit Report. They have clarified that the goods so valued are agreed to be sold at such price. Is the clients answer justifiable?