Mr.A, shareholder in M/s. ABC pvt. Ltd. co. holding more than 90% of shares.At the time of scrutiny of M/s. ABC Pvt. Ltd.Co. the concept of deemed dividend came into picture.Mr.A accepted to it. Thereafter a notice u/s.148 was issued to the Mr.A. Against this Mr.A filed a revised return and paid tax on deemed dividend.This revised return was selected for scrutiny and order was passed accepting the income as stated in revised return. While filing the revised return Mr.A did not consider interest u/s.234C following the funda that 234C is levied on returned income and it cannot be altered in subsequent proceedings. But in assessment order A.O.levied 234C interest.So is the A.O.s contention right or what Mr.A did was right?Can Mr. A file rectification letter u/s.154 in relation to same?

1. Can annual accounts of the Company be made up if the subscribers to the memorandum had not paid their contribution?
2. Can there be a memorandum of association without subscibers

Can anyone tell me the expected date of PCC Nov 08 result.

why education cess is not being imposed on wealth tax...??please explain with logical reason behind the same.....!!!!

sir/madam

can u plz answer following query--

Which/all of the following we need to add (+) in Net Profit for arriving at book profit for calculating MAT.

--Provision for FBT
--Deferred tax liability
--Provision for Electricity Bill Payable

Which/all of the following we need to add/deduct (+) /(-) in/ from Net Profit for arriving at book profit for calculating Defered tax Liability/asset.

-- provision for FBT
-- Provision for Electricity bill payable
-- Provision for MAT
-- Rent Received in Advance (as it amounts to temporary difference because it is not credited to P/l A/c due to Mercantile system of Accounting BUT taxable as per Income Tax Act 1961)

sir/madam

can u plz answer following query--

Which/all of the following we need to add (+) in Net Profit for arriving at book profit for calculating MAT.

--Provision for FBT
--Deferred tax liability
--Provision for Electricity Bill Payable

Which/all of the following we need to add/deduct (+) /(-) in/ from Net Profit for arriving at book profit for calculating Defered tax Liability/asset.

-- provision for FBT
-- Provision for Electricity bill payable
-- Provision for MAT
-- Rent Received in Advance (as it amounts to temporary difference because it is not credited to P/l A/c due to Mercantile system of Accounting BUT taxable as per Income Tax Act 1961)

sir
if a partner has a propriter firm and transation has been made for partnership from propriter what points sholud be checked while finalaziaton of prop capital ac

sir if the partners of x firm gives chq for fd for a new firm (y) the amount drawn can be debited in their x partner capital ac or accounted sepratly under current asset side

hi..
I m in trouble & confused to which module(s)should i opt in NCFM as i m a cpt background student with a year of articleship training i m aware of basic information related to stock markets & also would like to know that, does institute allows me (as i m also a B.Com student) to do this course & get certify under NCFM

Ours is a private limited company. The nominal value of share is Rs. 10/- each. Now the company wants to increase the nominal value to Rs. 100/- each. Kindly let me know the procedure.. Urgent Please...