If a pvt ltd Co is engaged in the development of several Housing Projects , will the auditor have to give the audit Report in form No 10CCB for all the projects separately, if Yes , Will the balance Sheet and Profit and Loss account of all the projects is to be prepared separately.

EXPENSES ON CONSTRUCTION OF ADVERTISEMENT HOARDING IN A PRIVATE LAND CAN BE TREATED AS REVENUE EXPENDITURE?? WITH REFERENCE TO S.37(3) DELETED EARLIER....

Hi,
1) suppose a firm has purchased a building and has let it out. the firm buisness is not of letting out.i.e. building is investments
building being a depriciable asset should it be depriciated.
2) In other case building initially purchased as fixed asset. but in course of time it has been let out.so should building be transfered to investments?what about depriciation.
e-mail me:-ankit.maisheri@gmail.com

From Companies purspective what is the procedure for spliting the share of the same value in physical mode.

From Sharesholder purspective what is the procedure for spliting the share of the same value in physical mode.

Dear All Members,
Can Any one Guide me How to Prepare, which things need to be attend or keep attention and if best format in which we can make changes accordingly minutes of a private and public limited co. and minutes of directors meetings
Thanks in Advance

hiiiii frendz itz vivek karmani a CA PCC student may'10 attempt can anybody gives me d paper of november pcc attempt. i live in indore. can anybody who is a ca student can help me to collect papers?
any body can send me papers on my email id i.e. cavivekkarmani@yahoo.in

Dear all,

What is the maximum amount an employer can give as LTA to the employee. Please guide me if it has to be calculated as a percentage of basic salary.

I note that there are no restrictions on payment of remuneration to a Director of a Private Limited company.

1. Can the remuneration be structured in to basic pay, HRA, Dearness Allowance etc. so that he can avail of HRA exemption by submitting Rent Receipt to the company for the rent actually paid by him for the residential accommodation?

2. Also if he could also be provided facility for medical reimbursement upto Rs.15000/- per annum and reimbursement for Petrol, maintenance of car, insurance renewal of premium on car? It is understood that the company will pay Fringe Benefit Tax on the reimbursement

If so if you could you suggest text of the Board Resoluation to be passed in this regard?

Thanks and regards

pls clarify that whether the amount mentioned in agreement as initial issued, called up , subscribed & paid up capital has to be actually paid in full before getting the certificate of incorporation?
what are the provisions for this in companies act, 1956, whether part amount of it can be taken?

Dear sir,

During the A.Y. 2008-09, an individual assessee Net income was as below,

Salary income - 80000
business income - 30000
lottery winnings - 10000

therefore, his total income was 1,20,000. He is liable to pay tax on Rs. 10,000 on lottery winnings @ 30% plus 3% cess.
i.e. he has to pay total tax = 3090/-

However, he has a UNABSORBED DEPRECIATION OF Rs.10,000.

THE QUERY WAS:

1. The unabsorbed depreciation was can be set off against any heads of income, so whether it can be set off of against casual income like lottery winnings?

2. If it is set off means it is benefit to
assessee, because he sufferred due to 30% of tax on Rs. 10000/- and he is not liable to tax during the previous years.

3. Whether it is permissible by Income tax Act? what the section 58 specifically says about this?