hi
i hv many doubts pertaining to cop with job.
when i had filled form 2 initially i had applied for full time cop together with membership and at that time i had no job.
then i got job in big 4 in statutory audit within 12 days after applying for cop n membership.i recently received membership letter 4m institute.
so now whether i need to surrender cop or can i apply for part time cop? Also do i need to intimate icai abt my job in big 4?
will big 4 hv any problem if i hold cop? pls help.
Also pls let me know whats the duration by which i should intimate icai abt my job?
and do big 4 intimate icai about our appointment?
Pls advise me. Thanks...

As per Companies Act, company can prepare books of account for 15 months but i wanted to know is that the same from Income Tax point of view.

Suppose a company is incorporated on 15th jan, 2009 and incurred the loss of Rs 50000 till 31st march 2009 but Prepare its books of account for the period 15th jan,2009 to 31st march,2010. When will it has to fill its First Income Tax return i.e. either on 31st march 2009 to carry forward loss of Rs. 50000 or on 31st march 2010.Moreover, if company files its first return on 31st march 2010 can it claim loss of the year ended 31st march 2009 i.e. Rs.50000?

Consequence of not claiming benefit of Additional depreciation.

Dear All,

Our Company issued Compulsorily Convertible Preference shares on Rights basis. Now we want to convert these shares into Equity. For that we have to hold Board Meeting first and after that we will intimate the shareholders by Registered post about conversion and request them to surrender pref share certificates. My question is:
First, whether we hv to give advertisement in newspaper also to intimate the shareholders. Is it Necessary?

Secondly, which Form we have to file with ROC? If we file Form 2, then earlier also we filed form 2 (allotment of pref shares) and now again Form 2 (allot of equity). Then how in records of Roc earlier pref shares alloted will get cancelled.

And also if anyone has the format of board resolution for conversion and letter format for intimation to shareholders, please provide the same.

Please treat this as urgent........

Thanks & Regards
Lipika

a Pvt Ltd compnay / Firm is developing curriculum for school and providing other ciurruculum related services. to school

Since school is not able to charge service tax on school fees, are school is bound to pay service tax to curriculum service provider???

CA Aziz Kotadia .

Can we Adjust CST liabilty from Input Tax Credit availaible? Please answer for Delhi, Chennai, Mumbai,and Bangalore.

Sir, during the fill up the pan application form by mistake i have write husband name on the space of father's name due to this reason pan card is not coming.plz help me on this matter.

From Where the Merchent Exporter get acceptance of B-1 Bond ?

From Jurisdication AC/DC of Merchent Exporter's Office or Technical AC/DC of Commissioner Office or Maritime Commissioner ?

Pl. Clarify and advise me

Thanks with regards,
Narendra Shah

IF a company engaged in the business of power generation,(Electricity generation) only.

if the same co. Purchase any plant & machinery after date prescribed for additional deprication.


Wheather the generation of electricity is treated as manufacturing of article or thing as prescribed in sec of Add. dep.


can assessee claim add . dep on plant & machinery.

plz reply with sec and case law if any


Regards,
ca.Akhil

If a part of Invertor is sold during the year so how we calculate loss/profit & depreciation for that year.according to companies act.
For Example Cost of Invertors(not known the no of invertors) is 100000 dep upto 31.3.2009 is 40000 & on 30.6.2009 a invertor is sold for Rs. 5000,the actual cost of that invertor is not known as a single head is used for all invertors how dep & loss/profit on sale of invertor is calculated according to companies act,will it affect deffered tax also