Q. What does it mean "WHOLLY OWNED SUBSDIARY" if a company have to have atleast 2 SH

Q.1 We are planning to make a parent holding co. for bette control and also for fund movement in group companies. So which form of company would be
better for this. NBFC, PVT co, or PUBLIC Co. or any other?

Q.2 In case of wholly owned subsidiary there is only 1 shareholder. Then what would happen in AGM, as in AGM 2 members required for quoram to held AGM for a PVT LTD Co.?

hi i am ca final student

I have a doubt in Consolidation topic, Q.12, in our CA Material. How to compute PRe acquistion profit, any could help me.. Please show the computation


expecting you reply

1)Hello sir my grand father died in this year he puted two fd in icici bank, and that was due in sep.Or oct. My queation is we was gave form for senior citizen for nt dedut tds but bank did mistake and they didnt submit my tds form. And i loss of tds amount is 2400,he saying that they provide tds certificate. But i havent pan number of grand father because they didnt apply, so what i do? Can i apply 4 new pan number?Or any other option 4 recover my tds amount?Please say me.

2)Sir, my father is working person in private company , if i will use of him name for tds i want to file revise return and 2nd thing f.D intrest income is also add in my father income so its taxeble amount for my father and my father paid tax is 30000 this year mean 2009-10 and i m thinking if i will apply grandpa name of new pan card and then claim for tds in It and after 1 year ya will recive amount of tds & i will close grandpa bank account too after then all i will surander pan card .Is this posible?

A waiter has received during the year amount which is less than rs. 50000 from his customers as tips. provided that his other income exceeds basis exemption limit please tell me in which head this income is taxable and why?

hank you sir

whether tds u/s 194c on shipping freight applicable?

tds on individual transpoter is 1% befor 01/10/09.or 2%?

can we calculate tds qtr wise insted of month wise being tds not deposit in govt account.i.e july to sep 09.

whether we have to 1st qtr return submit or not because no payment credit u/s 194c.

plz............reply

sir.

Dear Sir,
The AO intends to treat total cash sale as bogus and wants to add it under sec 68 as unexplained cash. We have already shown it as income in our books and have produced sales tax returns for the same. The sales are for AY 07-08 and the purchasers were not found by the AO item being iron & steel. Now he intends to disallow sale and add back the same u/s 68 and also to increase the stock by that value. The stock details show the actual movement of the stock but as the unit is a trading unit and not registered under excise, the records are not accepted as genuine by the AO. AO has also verified the stock statement from the Bank which has given CC limit tothe assessee and has foung it to be in agreement with the books. He still wants to add double the amount of cash sale, once as stock and other as unexplained cash.
What remedy is available to the assessee??
Please provide reference of case laws if any.

Dear Sir,

Pl confirm what you meaning of deferred revenue

Thanks & Regards
Radhakrishnan.G

R/ Sir,

i want to know about WCT ,
1. IN WHICH CONDITION IT IS ACCLIBLE
2. WHAT RATES OF IT
2. WHAT IS PROCESS OF FILLING WCT ,E FILLING

desperately waiting for your reply.

Best Regards

SIRS,

CAN YOU PLEASE SEND ME ANY BEST BOOK FOR LAW (PE II)

MY ID mayuramsankar@gmail.com

THANK YOU

SANKAR