Dear Experts,

Our Authorized capital is Rs. 10 Lacs divided into 1,00,000 shares of Rs. 10 each, out of which 1 lakh is paid up(shares held by indian directors) now, we want to issue 50,000 fresh shares to NRI.

Please guide me whether we can issue 50,000 shares at par or we have to use DCF method as precribed by FEMA.

Thanks in advance

sir please let me know that which companies act is applicable for the CS executive June 2014 attempt

Hi Experts,

As we deal the various foreign client, we have a substantial amount of foreign withholding tax in our account. My question is that can we treat this entire amount as expenditure in sted of carrying it under Withholding tax category? Is there any other treatment that we can do with it? As per my understanding like the domestic withholding tax it is not refunded and if we are incurring loss we can't adjust the foreign with holding tax.Please help me. It urgent!!

Thanks

I have Registered for CA articleship & alongwith I have Filled Form 112 for B.Com But Now I wish to do CS so Do i have to Fill form 112 again for CS & that to before registration of cs or after registration & also please let me know that can I do B.com on private basis with these both courses in correspondence or I can only go through one out of CS & B.com

Thank

A company is engaged in agricultural activities on a land which was not within the municipal limits till AY 2013-14. Now the land has been included in Municipal Limits w.e.f. 01st May 2013. Would there be any wealth tax on such land now?

Also please suggest whether the agricultural income on such land would be exempt or not from Income Tax now?

In my income tax return i have demanded credit of tax and refund as per my 26as but as at that time few deductions of tax were not showing in my 26as but is now available. How can I demand balance amount of tds as refund.

please tell me the accounting entries for the goods valued as nil.
and their accounting adjustments..

Hi..
Please tell me, if advance tax of a company is paid in less and the remaining amount has been paid with next payment of advance tax. will there be any penality for that, if yes in what percentage? And what will be the entry for that?? Above that after completing all installments of advance tax in March, what the procedure is to be followed and how it will look like in tally entries. I mean if we are making all the tax in advance then what will be the entry in the last quarter, how to close it??

I resently paid ICAI membership fees. But at that time I was on employment. Now I want to start practice. So whether same form have to submit to acquire COP?

suppose company A is hiring its machinery (duly affixed with land) to Company B. Whether Company A has to charge lease tax whicle raising rent invoice for the same ? What will be tax implication if Company A has not charged lease tax whether VAT assessing officer can recover lease tax from Company A while passing the order.

Kindly advise.