After 10th, I've passed 3 yrs diploma in electrical engineering from state board of technical education, Kerala. Now, doing 1st year of Bachelor of Computer Applications (BCA) of Madras University in Distance education mode. So, am I eligible to join for CA-CPT course? If yes, Can I complete the entire CA course without +2?

Please Guide me in following issue
Sir I have a query regarding the responsibility of a Chartered Accountant in following issue.

Matter:-
If a CA issue 5 certificates having different firm name to 3 persons for the purpose of opening an Bank Account. In support of their ID proof CA has taken photocopy of PAN card as well as verified the PAN No. on the website of Income Tax. CA has verified original copy of CERTIFICATE OF "DISTRICT INDUSTRIES CENTER" and taken the photocopy of that for record purpose as an address proof. I want to clarify that the address of all the firm is same.

Now, If after opening a Bank a/c if the party commits fraud then whether CA can be held responsible for forgery or issue of Wrong certificates?

I want to mention that on asking by CA regarding same address the party has given explanation that the earlier firms could not be continued due to some difficulty so we are starting a new Firm.

Can CA be arrested for the reason of issue of just certificates?

Dear all,
I have done my B.Com & MBA ( Finance) in 1997. Since i have been working in Accounts, Finance,& Audit departments of various companies. I would like to know if i register for IPCC now, can i immediately appear for exams in November ? Please help.

Thanks & regards,

Hi,
I want to convert 2(TWO) Partnership Firms into one Private Limited Company. Please suggest me the effective way out through which i can save the tax on transfer and covert both the firms in one company.

As per section 7, The Banking Regulation Act, 1949 restricts the use of the terms "bank", "banking", "banker" or "banking company" other than by a banking company.

My question is how can a "Blood Bank" or an "Eye Bank" use the word "Bank"?
Are they excluded from the purview of the Act?

Waiting for earliest reply........

Respected Sir,

There is one company A Ltd. having authorized and subscribed share capital of Rs. 1,00,000/- and another one proprietory firm of Mr. B. Mr. B is one of the director cum shareholder of A Ltd. also. Both are in same line of business of Clearing and forwarding.

Now sir, A Ltd. wants to take over the business of properitory firm of Mr. B. than My questions are :

1. I want to know what is the legal procedure and compliance under the income tax act and any other law ?

2. At what price the A Ltd. can purchase the assets of properitory firm of B means how the valuation of B's assets can be done and How the purchase consideration be calculated and discharged?

3. What is the position for Capital gain for Mr. B and how it can be calculated?

4. Is there any demerits for any of above?

5. How much Expenses are incurred for this procedure?

I hereby attached the balance sheet of properitoy firm for the reference.

The Abstract of Balance sheet of B is as under:

Capital : 2662790
sec. loan: 33868
curr. liability: 3133348
Fix asset : 325208
Curr. Asset: 5504798

Respected Experts, Kindly Reply soon it is important for me.

my email Id : cahirenjm@gmail.com or anjnakhant@gmail.com

Dear Expert,

Please find the facts below.

I sold inherited land purchased in 1967 for Rs. 15000. Now the land is sold for Rs. 25,00,000/-

My age is 72 years.

I am not having 1981 cost for the land to calculate indexation cost of land.

Could you please suggest how should I determine the cost of land as on 1981?

What will be the Tax liability in case the same is distributed by me to the sons?

Thanks

In which report of tally, Dispatch Document No is available which I have entered while passing sales voucher. I require to export this report in excel / .csv / xml or even text file.

Please help me out.


Regards,
Martin

proprty purchsed on 1960
inherited to Mr. A on 1986
sold on 2013-14,
cost for Me. A will be fair value on 1981,
my qu is how fair value will be calculated for 0/04/1981?is it as per advocate valuation report or as per market trend?

HOW SURRENDER THE TAN