Dear Experts,

My Client is a Proprietorship firm since last 10 years but now they wants to float a Private Limited Company to continue their business.
The Firm has Net Assets of around Rs. 40 lacs which consist Building, Machines etc. My query is what is the best way to convert the assets and
Liabilities of the prop. Business into the Private Limited Company keeping in mind all the provisions of Income Tax Act and Company Law.
Please advice keeping in mind the latest change in the IT Act for issue of share at premium more the fair market value and the capital gain on the transfer
of the Assets and liabilities .

Dear sir,
when I can register for ipcc via direct entry scheme nd start articleship for nov. 2013 exam? How can i manage my study with articleship because ca course ask for 10-12 hour study.

Hi,

I have been investing in NSC for the past 3 years but today I came to know that accrued interest can be claimed every year. Can I start claiming for the Accrued interest on NSC from this AY onwards.


What is the best method for me to account the same now since I do not want to pay tax at maturity after 6 years.

Rgds

I have just made Online registertion for service tax i got user id & password also but while registration by mistake i filed form for registration of non assesses instead of ST-1 ,then while entering data in ST-1 my net disconnected. Now after login it is unable to enter ST-1 form it showing registraion failure & application details showing registration for non asessee, please reply me eairly as possible what is procedure to change assessee mode and registred as a new assesesse.

Hi,

I have been investing in NSC for the past 3 years but today I came to know that accrued interest can be claimed every year. Can I start claiming for the Accrued interest on NSC from this AY onwards.


What is the best method for me to account the same now since I do not want to pay tax at maturity after 6 years.

Rgds

Sir,

The days attended by the articled trainee in the GMC course (New scheme May 2012)is considered as leave in the article ship period? Our Boss suggested me to work additional 30 days to cover the un -attended days. As per the new guide lines , is it considered as leave?


thanks

we have filed our original etds returns in which the data of singal challan was splitted in small sums acccrdingly to the deducteewise deduction from contract payment
no we want to file revised returns and putting the single entry of challan which was splitted. and the other challan are to be deleted as there were no challans of small amount
Now on giving comandd of deletion the software responces tha " you can not delet the challan as per NSDL rules " on other hand we tried to put zero against the same challans the error file is created and the FVU file does not be created
what shoul we do ?
all quarters are to be revised and the same situations are in every returns and heavy demand is raised due to wrong data feeding which can not be delated
plz guide

According to revised schedule 6 share application money is to b shown after reserve and surplus or in current liability and wether tym period of pending allotment is more than one year then where to show in the balance sheet?

What is the tax audit limit for an individual with only rental income (house prop.)?
Plz help! Thanx in advance! :)

Suppose Rs.20000/- monthly net salary,than yr salary (20000x12)=240000/- & tax on salary is Rs.4120/-. My question is, can I charge TDS on the salary from 11th month instated of starting month of salary?? because Non Taxable limit(200000) is cross at 11th month .