one of the our client (private limited company) has registered in 1996, and the company has not start any operating activities, therefore there is no any transaction in profit and loss account other than depreciation on furniture and audit fee. In balance sheet assets side Land plot with Rs 17.50 Lakhs and some misc items and in liabilities side share capital (10 share holders) with same amoount.

My pblom.
now another one company is purposed
to purchase the plot of land of this company at around 5 cores. The said company going to accept the proposal. Therefore the company earned huge amount of long term capital gain. Please advise me how to minimize the capital gain tax, in the hand of company as well as share holder if any. is there any alternate option for tax planning (all shareholder are ready to transfer the entire share holding) please advise me.

what is the total cost of registration including purchase of study materials for switch over to IPCC from PE2.

The website shows as Rs 15000 (8000+7000).

The announcement shows as Rs 11500

Is it true that in case of CPT if once we opted for online then we cant switch back to pen&pencil exam?

I am receiving Commission for achieving target for every month on last day of month through Credit Note and amount is adjusted with my invoice value. So please tell me how do I passed journal entry in the books of A/c.

In er.6 note says that Finished goods mentioned in column(9B) should be stated in respect of each of the input mentioned in columns (2) and (6).
How can we matched it in folloiwng circumtances?
(1)f.g mfg in current month for RM is issued for previous month/months.so,showsinputs consumption s in earlier month/months in inputs register and mfg shows in f.g.register in current month.
(2)Opposite to above r.m used in current month and expected to mfg in incomming month/months.i.e.inputs consumption shows in inputs register in current month and mfg is not shows because the material is under process.
In all above circumtances o.b and c.b will also not match with ER6 format.
(3) In case Inputs send for jobwork and arrive partially in subsiderry challan.

How can we fill the er.6 with matching of our factory record?

Request to all experts to give guideline.
Thanks to all

Sandeep

There has been an addition for the differnce between the stock as per books and stock statement given to bank for credit facilities. Is there any judgements for deletion of such additon.???

Pls let me know whether Service Tax is applicable on Contractors of NHAI who collect Toll fee and give it to NHAI. If applicable, what is the taxable service value?
Thanx in adv

Sir,
Is Exemption u/s 10(10C) is allowable on enhanced VRS compensation receivable due to wage revision. In the case of some employees 5 lakh exemption has not fully granted at the time voluntary retirement being VRS compensation less than 5 lkah. Now we are going to Pay enhanced VRS compensation due wage revision. So can we grant exemption for the balance amount for computing TDS. eg. at the time of Voluntaty retirement 4 lakh exmption has granted. Now we are paying 3 lakhs arrear due to wage revision . Can we grant exemption of ONE lakh (5-4) under sec.10(10C ) for computing TDS to be made. Its very important because if the TDS is lesser then we cannot recover the balance tds amount. I require an expert opinion on this.

hi everybody,

Could anybody tell me about...

1)What are the statutory requirements of sales tax in oil & gas industry?

2) What desciplinary action should be taken for any mistake committed by sales tax person while filing statutory requirements to legal deptt. and if any financial loss caused to organisation due to his default?

Instant reply would be highly appreciated.

Hello everybody! Congratulations for all who cleared finals! I am going to write pcc in nov 2010. anyone can please suggest some good material for costing which can be used for self-study? Pls reply