Sir,
A is the Co. whose investment is in B co.(100 Share) had received the Bonus share (50 Shares).
The value of 100 shares is Rs100000.
when bonus received No entry has been passed.
Now A co. had sold the initial 100 shares @1000/shr.(at cost,No profit No loss).At what rate or price A co. Shows its remaining Bonus Shares(50 shrs).In short What value we show in Balance Sheet regarding that 50 shares.
PLease Answer.
Thank You.:)

An entity registered under STPI scheme has not achieved the export turnover obligation.
Customs duty was waived for the unit for the import of capital goods under STPI regulations.
What is the maximum liability the unit has to pay to the customs department for non fulfillment of export obligation?

(1) A payment was made for office
decoration to one party without
deducting TDS in the yr ending
31.3.06:

Is TDS liability there?

If liability- whether the same
can be deposited now with
interest?

If deposited now how the
expenditure disallowed can be
claimed now?

(2) A contractual amount is paid after TDS to a party for data Access on yearly basis and debited in full in the yr of contract in the month of July every yr. In scrutiny, part of the expenses for April to June for next yr disallowed. What is to be done?
Filing of appeal or filing revised return for next year which has already been processed for refund?

1.Do we have to study Standards on Auditing (SA's) or AAS for the May '09 exam CA PE-2

2.AAS-6 "Risk assessments and internal control" is withdrawn after issuing SA 315 & SA 330 so when quesion is asked from these topic "internal control" which is to be given reference.

3.what about new SA-240 which effictive from 1-april-2009 ,will this be relavent from may 2009 for PE-2

thanks

When is Internal Audit mandatory? Is there any criteria for a company to have internal audit system?

How to prepare BRS for transactions containg 3500 in a month Is there is any simple techniques to do that type of work?If there plz suggest me?

hiii to all my seniors... m a PCC student.. m gng to write my exam in may.. i had started my prep just 3 months ago.. m 50% done with ma all practicle subject i.e. cost, A/c, and Tax.. but theory is untouched so far.. as the exam are approaching m getting very tensed about Law, Audit, IT n SM.. i want suggestion from you what strategy should i adopt to get rid off all theory subjects in 3 months and give at least one more revision to all practicle subjects before sitting i in my exam,, my practicle concept are strong enough to get pass but m very scared of theory as my presentation is also not so gud..plz advise me what to do should i go for one group? but i m in favour of giving both group toghether.. what is ur opinion

It has not yet been decided by the Council of the Institute regarding the exams of May 2009, whether to conduct in May or June.. An announcement was posted on ICAI.org today to clarify this issue, but still the confirmation has not yet been disclosed..? Does any one knows what was the true position to postpone the exam from may to June?Can anyone help me in this regard?

I am making a regular payment(without any obligation) of Rs. 50,000.00 per annum to my mother. She deposits the money in fixed deposits in bank. Can the AO treat the intrests that is earned on these fixed deposits as my income instead of my mother's. Is there any provision in law regarding the same?Pls guide.

For a Group Medical Policy taken by the Company, if the individual employee makes an additional premium for inclusion of his/her parents,

Is the additional premium paid by the employee to the group policy allowed as deduction under section 80D for that indivual employee?

It will be great if someone answers this query at the earliest.

Thank you,