If an investment is acquired by issue of shares,the acquisition cost is the fair value of the shares.

The fair value may not necessarily be equal to the nominal or par value of the shares issued.

Can anyone explain the latter statement please?

is it mandatory for IT Dept to send notice to every credit card holder when they receive A.I.R., when payment of credit card exceed 2 lacs.

Bank has debited three amount in our account towards payment of sales tax for same amount however we received only one challan against three debit. Surprisingly two amount debited by bank towards SA tax but not appearing in 26AS Tax credit statement. Not able to trace where amount is lying .Now we are making follow up with bank and Sales tax.

Its matter of April 2010

Please guide

Bank has debited twice in our account towards payment of tax for same amount however we received only one challan against two debit. Surprisingly second amount debited by bank towards SA tax but not appearing in 26AS Tax credit statement. Not able to trace where amount is lying .Now we are making follow up with bank and Income tax.


Please guide

can anyone suggest me that how to study law as i hear that there is different method to study law and there also need to take professional guidance bt if we do self study then how can we start so that we can clear cpt?

I have registered private limited june 2012 and not appoint any auditor or ca but few transaction in bank account no books maintained on company name and not much work on company name can i fill nill itr of company and or less income?

please reply and guide me?

Dear Sir,
I wish to clarify a doubt regarding Corporate Law.
What is the difference between Sec. 2(68) & Sec. 3 (1) iii of the companies Act.?

Dear Members,

1) Mr. A is engaged in a trading business in FY 2012-13. The details are as follows:-

G Turnover- Rs. 90,00,000/-
Expenses- Rs. 87,50,000/-
Profit- Rs. 2,50,000/-
Ded u/s 80C- Rs. 80,000/-

Then........
i) Is Mr A is not required to get audit of his A/c u/s 44AB as his profit % is less than 8% but income is not taxable?

ii) If answer to q-(i) is yes, then what is the relevance of sec 44AD? Is it not a loop hole of sec 44AD?

2) If Mr A has two business, say A & B. Turnover of business A & B are Rs. 80 Lakh and Rs. 120 Lakh respectively. Then, Is Mr A is required to get his a/c audited only wrt business B or both of his business is to be required to get audited u/s 44AB?

thanking you...........

Is form 23B required to be filed in case an auditor is appointed in place of an auditor who resigned. sec 224 (1A) states that an auditor appointed u/s 224(1) shall inform registrar within 30 days. Can an auditor be appointed u/s 224(6) on 5.09.13 for the financial year 12-13

Can anybody provide me the general formats of Cost Accounting Records?