I need an expert advice in this matter. actually one of our client company is failed to file its annual returns from the F.Y. 2008-09 till date, so that the director is being defaulted in MCA site.

In F.Y. 2007-08 Paid up capital was 500,000/-

there was in the financial year 2008-09:
By adding the info:

1. X Ltd purchased it 25% shares
2. Y (P) Ltd purchased its 25% shares
3. Z (P) Ltd purchased its 25% shares

What is the company status in this particular year?
Will there any deemed public co. status?
Will any holding subsidiary relation?

Thanking you in advance.

Best Regards

What is the minimum time gap between two issue of bonus shares?
Is there any specific provision for private co.?
and related conditions?

Dear all,
We used to import goods from a certain foreign manufacturer under a contract. A clause in the said contract stated that the title of the said goods shall remain with the said foreign manufacturer until the entire sale consideration of the goods were not paid off by us. In this situation after the goods were brought into our country but before we could pay off the entire said sale consideration towards the foreign company; the bonded warehouse were the goods was stored was burned down in a fire incident.
In such situation can we claim ourselves to be the importer of the said goods? In what legal relation do we stand in respect of the said goods which perished in the fire?
Regards,
Sagnik Sanyal

XYZ company has purchased bonds 9.25% bonds costing Rs. 5000000 at Rs. 6000000 at premium in FY 2010-11, and claimed the amortised bond premium over 5 years Rs 200000 p.a. under allowable exp. Now IT department wants to disallow the amortisation of bond premium.

CAn someone give me a case law supporting allowability of the premium claim or it is to be disallowed?

Hi..
During the course of our Audit we Observed That certain fake notes were received from the customer for the service done by our Client....They treated it as cash expenditure and book under Misc Exp Head....Pls explain the treatment of the same?????

Can any one tell me, if a unlisted Public Company want to reduce the remuneration of Directors which is going beyond the ceiling prescribed under section 198 and 309 then what is the compliance under companies act?

Sir,
If a company besides having a seperate department of stationary , outsources the same to an outside agency dealing as stationers ,
will it attract section 194C.

Interest income upto Rs 10000, from savings bank accounts will be exempt.Does that mean that banks will not deduct tax upto Rs 10000 of interest income earned by the account holder or the bank will continue to deduct tax & the taxpayer will have to claim the exemption in his/her return of income?

DEAR SIR MADAM

ONE OF MY FREINDS WANT TO OBTAIN PAN CARD
CAN WE MAKE ONLINE PAN CARD APLLICATION IS YES PLEASE GIVE TELL THE DEATALIS TO SUBMITTED OR DOUCEMENTS SHOULD BE SCANNED PLS REPLY

At the time of issuing 15CB, is it the duty of CA to verify whether the income tax (Long Term Capital Gain) is paid by the remiter?

Suppose, someone has got some amount by the way of sale of some land and now he/she wants to remit that amount to US to their relatives. So, at that time, while issuing Form No. 15CB, is it the compulsion on CA to verify that the LTCG Tax is paid or not by the remiter?