Anonymous
30 December 2013 at 21:35

Indirect tax

Hello Friends,

Can any please help me how to study Indirect tax paper for ICWAI Inter. I don't know where to start studying because it is like a big world with more content.

And also help me to study Law & Auditing paper. I'm going to write my exam by June-14 as per syllabus 2008.

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Anonymous

I have passed group II (IPCC) and got exemption in taxation and law in May 2013 exam but failed in group I.

As i am a graduate Student i apllied for Conversion Scheme to direct entry and started my Artcileship.

As per rule i only will be eligible to write to exam group I (IPCC) after 9 month of artticle.

In this situation, Will i get exemption in tax and law while appearing Next Exam??

Should i Appear for Group II even i have already passed in may 2013???

Please Help in this Regard.

Thank you in Advance.

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purshotam vyas
30 December 2013 at 18:08

Holding & subsidiary relationship

Dear all,

I want to know in following case there is any holding-subsidiary relationship or not ?

Case:-
A ltd is holding 48% in B ltd and B ltd is holding 6.5% in A ltd. In both companies there are three directors and out of them two directors are same in both companies.

My question is that- criteria of holding more then 50% is not fulfill so this criteria is not applicable. another criteria is having control in majority composition of director. so if more then 50% directorship is same then can it be treated that control and management is same ?

Thank you so much in advance.........

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AMAN
30 December 2013 at 15:02

Air

Hi,

My company is a Pvt Ltd company & issue right shares to existing share holders. Whether we have to file AIR for the same.

Thanks & regards
Aman

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Anonymous
30 December 2013 at 13:10

Tds on rent change section

Can anybody tell me what is the difference between section regardin TDS on Rent 194I(A) and 194(B).

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pradeep sahu
30 December 2013 at 13:03

Error of accounting code

if i have paid challan continuously in old code up to present date. therefore i also have return filed in 2nd half of 12-13 f.y. accordingly then after we have found challan error and i have seen that error after 90 days.
please help me as soon as possible

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Anonymous
30 December 2013 at 12:13

Absence of director in board meeting

Hi.. Can you please tell me the impact of, a Director of a Company being absent for more than 5 times consecutively in Board Meetings of a Private Co.?

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Anonymous
30 December 2013 at 11:38

Itr v submission

RECENTLY I FILED MY ITR 4 OF BUSINESS FOR F.Y.11-12.I HAVE QUERY-
1.WHICH DOCUMENTS SHOULD I SUBMIT TO BANGLORE CPC
2.IS IT NECCESARY THAT ITR SHOULD SIGN BY TAX CONSULTANT OR C.A...?..OR SELF ATTESTED IS ENOUGH OF ASSESSE.
3.AFTER SUBMITTION OF ITR TO BANGLORE WHAT IS THE NEXT PROCUDERE

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Praveen Kumar
29 December 2013 at 21:02

Llp incorporation

Can a US LLC Invest in an Indian LLP as a promoter partner ?

As per FDI Policy , Foreign Institutional Investors (FIIs) and Foreign Venture Capital Investors (FVCIs) can not make investments in LLP ?

If allowed to invest in LLP, what are all the steps which are needed to be followed ? (such as SEBI, FEMA and LLP Act)


Does an US LLC fall under the above FIIS category ?

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CA Abhishek Pal
28 December 2013 at 18:20

Booking of income in case of real estate

Hi Experts,
We are running our real estate business of selling commercial shops. We are an authorized agent between buyer and seller and it was also mention in sale deed that we collect whole sale consideration on behalf of seller.
We collect whole amount of sale consideration from buyer say(Rs850000/-) and paid to seller (say Rs 700000) and earn Rs 150000 as income. So whether we should consider it normal sale/purchase or consider an commission income. Also suggest me appropriate accounting income.

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