Hi, Can someone give the examples of tangible & intangible current assets & not fixed assets? Will debtor, cash at bank be an intangible asset?

Hi all,

I am registering a company and i have got the name approval also.

In Form 1A i have given X Y and Z are Prospective Directors but in MoA I have shown X Pvt Ltd and Y Pvt Ltd are subscribers. Mr X and Mr Y are Directors in X and Y Pvt Ltd respectively, they sign as representatives of X and Y Pvt Ltd.

Pls let me knw do i have to show Z also as Subscriber in MoA.

If yes kindly give me the provisions

Sir,
what is personal balancesheet?
Is it neccessary to make a personal balancesheet for keeping a incometax file?
If a person have a balancesheet of his business ,is he is required to make it?
what items are included and the techique oor basis of valuation?
whether also a personal profit & loss account and a cash account is to be made?

A private limited company was converted into public ltd. company in the year 2004 having its registered office in delhi. As per the provisions company will issue new share certificates after conversion.

kindly tell me the rate of stamp duty to be paid on issuance of such share certificates..

Dear Friends / Experts,

Is there any problem in e-filing using DSC Class 2 (Individual User Type – Others) for companies ?

Those who have already done the e-filing using DSC for companies may share their experiences, which will be a good guidance to me and also for others, who are yet to file.

Step 1

I am able to register the DSC using e-token – NO ISSUE.

Step 2

Still, I have not commenced e-filing for corporates – PLEASE SHARE EXPERIENCES.

In fact, I have done e-filing for Individuals – NO ISSUE)

I shall wait for the response.

Thanks in advance for all concerned.

Sir im pcc student.I exahausted 5 attempts but could not cleared the exam.whether registration for the pcc is valid for 5 attempts or 5 years as stated in period validation for registration of ca student.so for appearing in Nov 2010 exams i need to revalidate my registration since i exhausted 5 attempts.

Thankx in advance

Business: Clearing & Forwarding agent
total receipts > Rs. 40,00,000
very low margin on receipts
comm. income ranging between 4 to 5 lacs
should i treat the diff between receipts and payments as commission ?

HELLO EXPERTS,
THIS IS NAVIN MITTAL, I AM A PCC STUDENT AND MY EXAM GOING TO DUE ON NOV 2010.

PLZ SUGGEST ME BEST BOOKS FOR TAX & AUDIT CA PCC AS SOON AS POSSIBLE.

A private company has undergone Capital Reduction. The Scheme has been approved by the Court. As per the Scheme, a part of the paid up value of each share would be repaid to the shareholder. The relevant facts are as under:

Amount of capital to be repaid Rs 300

P&L Acc(as per latest audited a/c) Rs 140
Capital Redemption Reserve Rs 400

As per the Section 2(22)(d), any amount repaid under capital reduction, then to the extent of accumulated profits, capitalised or not, would be treated as Deemed Dividend.

In the given example whether the amount of CRR would be taken into account for the determining the amount of dividend on which DDT would have to be paid? Can CRR fall within the ambit of be treated as accumulated profits, capitalised or not, esp when it can be utilised for issue of bonus shares.

thanks in advance

sir i have cleared pe2 group1. if i will convert in to ipcc can i get attempt in nov 2010 examination with out completion of ITT and oriented program