AUTHORISED CAPITAL=4,25,00,000
equity shares: 10,50,000 @ 10 each
preference shares: 3,20,000 @ 100 each

PAID UP CAPITAL=38,683,000
equity shares= 7,28,300 @ 10 each
convertible preference shares=3,14,000 @ 100 each

Now the company pans to convert the preference shares into equity shares at 10 + 90(premium) each. In this case what will be my new paid up equity capital? will it remain same or there will be a reduction of capital?

can you please tell me that if someone who had been running a computer institute for last 3 years has now affiliated the institute with a registered soceity under co opreative soceity act,1912.now shall he file the current year ITR in the name of that computer institute as he done previously or can he file the ITR in the name of that soceity under which the computer institute is running now. Please tell the answer giving reference to the concerned section(s) in the Indian Income tax Act,1960.

We have started an offshore project and have deputed some resources to work for the project. I would like to know more in detail about the cost-plus method and its applicability in accounts.

If my outgoing expenditure is say Rs.20 L p.a can i account a revenue of Rs.2 L per month. please explain the procedure

One of Our client who is a distributor, purchase Milk from manufacturer Rs.200000/-through cash.whehther this amount can be allowed or not.(whether exception rule 6DD applicable in this case as a Dairy prduct) pls give me a clarification

one assessee who is an individual has two separate business 1st one being retail shop where his turnover is 37 lakhs and 2nd one being manufacturing concern where his turnover is 27 lakhs....
AS per the provisions of sec 44AB when the turnover in business exceeds 40 lakhs tax audit attracts....
As far as i see, the business is attracted to the provisions of sec 44AB and not the assesse. Based on this view the following are my querries....
Is the said assesse is liable to get his books of accounts audited under 44AB, as he is having 2 separate business which are not related to one another and individually turnover of each business is less than 40 lakhs?
Can the assesse go for the provisions of section 44AF for retail business, and show income without 44AB audit for the manufacturing business?
Please mention sitations if any....

I have not received ny refund of Rs. 12,550/- for A.Y. 2008-09 and Rs. 18,250 for A.Y. 2009-10.
What could be the possible reasons for it?
If ITO seeks to get some donation then how much will suffice?
plz tell if there is any other remedy also?

Thanks in Advance.

I have started my articleship in 1st November 2007. After 3 1/2 years it ends on 30th April 2011. But there was a mistake in calculation during my registration and it was printed in my identity card as 31st may 2011. Whether I can attend my CA Final exams in May 2011? What is the procedure to correct the same?

Hello Friends,

Iam going to take II group(OLD CA FINAl).Can anybody suggest best books for DT, IDT, COsting and Information technology.Please note that Iam not going to take any coaching i.e self study.

Regards

can someone send me dolphy d'souza's ebook!

In form 501(form for vat refund)
we can claim vat refund for the period starting from 01/04/06 & not prior to it.
But ABC Co has vat refund of Rs.17000/- in 2005-06 & this refund is brought forward & adjusted with VAT LIABILITY of 2006-07 & VAT Refund of 2006-07 is brought forward & adjusted with VAT LIABILITY of 2007-08. In 2007-08 there is VAT REFUND of 130000/- after adjusting refunds from 2005-06. So how one can claim refund in Form 501 as it mentions condition of period to be started from 01-04-2006.
Kindly help to solve the query.