If i transfer my all equity shares to portfolio wherein such shares are traded by Portfolio Managers.
I don't have any other business income. what shall be the nature of profit/loss which i have earned through portfolio?(either capital gain /loss or business income/loss).
please reply me with reasons.

Can the Fixed Deposites got opened under NRO A/c. be repatriated back to outside india? As far as I know it can not. Yes, i want to confirm.

whether the provisions of sec. 269ss & 269T is applicable to primary agriculture credit society

What is the difference between Speculative Loss & Capital Loss?

Under what circumstances loss on sale of shares be considered as speculative loss and when shall it be Capital Loss?

Regards,
Shefali.

Is consolidation procedure under IFRS is similiar to IGAAP?
Is the treatment of pre-acquisition profit and post acquisition profit same under IGAAP and IFRS?
Can Profit on Bargain purchase arising from one subsidiary be adjusted against goodwill arising from acquisition of another subsidiary?

a proprietorship company has cenvat credit of service tax available in his business of installation and commissioning and also the proprietor has a property which he has given on rental and there he is to pay service tax on rental services

can he take set off of cenvat credit under installation service to pay off his liability under rental services

Dear All
My bank is providing finance to a indian company for investing in equity of a company located in saudi arabi. Is there any way through which shares of the saudi company can be pledged or can i create any charge on the assets of the saudi company in favour of the bank.
In other ways how can i get a secuirty of the saudi company to the extent of my loan

Presently i have taken the corporate guarantee of the borrower company and extension of charge on the assets of the borrower.

Regards

Sriram Peri

A company was incorporated in July 2004 . The company started Restaurant operations in the May 2005 .


The restaurant business was continued by the company till March 2008 . The Company has also exported frozen food to United Kingdom . Due to heavy operational cost the following losses as per income tax are accumulated .


Kindly advise if what conditions are to be fulfilled for claiming losses under Income tax Act in case we opt to merge this company into some other profitable company .


With regards

Sandeep Rohatgi
09868705794

Please tell me VAT on Fixed Assets my Register on work Contractors ,
fixed assets for business not for sale

if the director of the company pays club membership fees for joining a club , so that he can increase his network and business contacts ,whether that expense is allowable in the books of the company???