Dear All EXPERTS,

My situation is as follow:

I have started working as a freelance web developer and software developer in 2004 from my home. By 2006 I have got an office space, started hiring a few team mate. Now I have 6 employees working for me as a proprietorship firm.

My turnover is around 50-60 lacs in the last fiscal year. I pay around Rs.10,000 per month as salary per team mate. Our team have been existing for the last 2-3 years.

Now I am planning to form as a private limited company with an authorized capital of Rs. 50 Lacs.

And I'll have a new investor who will invest Rs. 20 lacs in my company.

My business target for the next 1 year is around Rs. 2 crores in gross turnover with Rs. 70-80 lacs profit before tax.

I also want to provide shares to all my 6 team mates.

So, in the present scenario I want to know what is the best suggestion for allocating shares among Me, Investor and 6 Team Mates.

Any suggestion and inputs are highly appreciated.

Thank you in advance for your valuable time.

Mr. Kumar

please tell me what is the remedy if principal auditor restricts to give transfer\termination in the first year of articles?will institute help in this matter? please answer this query as soon as possible.

Sir,
I am student of C.A final doing articleship from Mumbai, wanna do Industrial Training in good industry. I am in last year of articleship.
Is there any vacancy for Industrial Training in Mumbai please inform me the same.

id: fatnani.hitesh@yahoo.com

can a manufacturer claim rebate of duty paid on as such removal ofgoods on export.l.e. goods are exported but tgey are not manufactured in the factory. they are imported and then exported

dear sir
an assessee have income from boilar firm and he also income from tution can his account
submit under sec 44ad but he has no any
records, how his gross sales calculated? can tution income placed as income from other sources? please guide to me. thanks......

As per new amendment,for uploading Financial statements(Profit and loss account & Balance Sheet)along with tax audit report, Is there compulsory to make digital signature while uploading Financial statements?

Please reply as soon as possible....

Respected Sir,
I am doing IPCC under Direct Entry Scheme. I have applied for IPCC exam on 19/08/2013(going to write exam on November,2013). But unfortunately when I post the form, I forgot to put my signature on the last page.

Can you please suggest me how to correct the mistake I have done . What will I do now?

Please send your reply as soon as possible .

Thankyou

Dear Experts,

Please help me in solving this problem. Its very urgent.

A company is incorporated on Dec'10 but the company has still not appointed any auditor till date and have not submitted annual return.

Now the company wants to appoint an auditor.
what should be the procedure?
should the company file 24a to Central Govt for appointing auditors??

and what may be the penalties for company for this non compliance?

In 3CD for AY 2013-14, point 28a asks for the quantitative details of stock.

Whether we have to provide the details in quantity or in amount?

In private company, if a director's relative is to be appointed as director with remuneration.
* What procedure is required to be followed ?

* When Section 314 will be applicable in this case?