Dear All,
pls give you valuble openion on the following:

Mat is te minimum alternative tac which is calculated on the book profit and deposited.
but if a company does not have any real profit then how it is accounted for.
is it allowed as expences.
i mean to say how it is shown in hte financial statements.

Our one client company, which is also joint venture co has 72% Foreign share holding, can it treat as subsidiary of public company and if we want to appoint MD in these company can only board's resolution is sufficient or we have to get the permission of RD as like public company

If Indian Citizen made Long Term capital gain out of sale of shares of foreign company.
1.What will be tax implication?
2.Is there any other provision which we needs to comply?

Can someone give me the actual section where can I get this answer.

Hi All,

What if an employee pays on behalf of the company to the vendors through his credit card and company pays him by settling his credit card bills...

And what of same happens in case of director

Pls reply in case Employee is a relative/non relative of director.

If possible give references to sec/AS

Thanx in advance !

Whether service tax charged on repair expenses of MOTOR CAR will be eligible to take CENVAT CREDIT.

reference : ca journal january 2009 article.
under heading "know your eathics"

in that , a same question is asked by some one. and the answer is in positive.

if i have passed ca as well as advocate examination, that i can practice as ca & advocate simultaneously, not at the same time, but say, one day as ca and other day as advocate and next after as ca again.

is this possible?
if no, then why?

Dear Sir,

I have been writing Gr.2 in CA Final and failing since 4 attempts. I am working with Big MNC and studying. I am failing any 1 subject only all the time (either of 4 alternatively). I have only 3more months for May'2010 exams. I am not a full fledged student and I am married and struggling to complete CA.I asked everyone in my family to support me to clear CA this time. I need your suggestion, How can I help myself from failing, especially with costing. I am not able to balance the subjects in terms of pass. Please suggest me how can i balance between the subjects?

my marks are as follows:

in May 2008 CM=37 MICS=62 DT=51 IDT=59,

in Nov 2008 CM=45 MICS=62 DT=50 IDT=37,

in May 2009 CM=42 MICS=62 DT=31 IDT=50,

in Nov 2009 CM=25 MICS=62 (Exemption expired) DT=50 IDT=50.

Dear sir, Please help me how can i make a best strategy for myself. I will be very gratefull to you all if you can throw light for my right path.

Thank you,

K.Jawahar.

Whether TDS is applicable in case of making payment to the government company/agency recognised by the govt./or laboratory recognised by ministry of comm. govt.of india, Please explain with section of Income Tax with relevant notification and circular

My client has taken on lease a agricultural land from a land owner. my client is now into agricultural activities in that leased land.will he be exempted from the income on the agricultural activites..

What is the status of income receoved by the actal owner of the land.Will it be exempt?

I have drafted new object clause for our listed company to make it holding company with main business of an investment company.

"To carry on the business of an investment company and to invest in, and acquire and hold, sell, but or otherwise deal in shares, debentures, debenture-stocks, bonds, units, obligations, mortgages, and securities issued for guarantee by any company, corporation, firm or person whether incorporated or established in India or elsewhere or Indian or Foreign Government, States, Dominions Sovereigns, Municipalities or Public Authorities or bodies provided that the Company shall not carry on the business of banking as defined in the Banking Regulation Act, 1949 or of Insurance as defined in the Insurance Act, 1938, or any statutory modification thereof."

My quiry is that, whether it is possible to do our new business as investment business, without geting registration as NBFC under RBI guidelines?

I am requesting all, if you have any such kind of Main Object clause draft for the same, which can allow our company to do investment business without complaying NBFC norms, please provide me the same accordingly.