Srinivasa Raghavan sir,

will u please answer this doubt?

i am waiting for ur reply
S. 2 (1B) defines amalgamation as follows:

"amalgamation", in relation to companies, means the merger of one or more companies with another company or the merger of two or more companies to form one company (the company or companies which so merge being referred to as the amalgamating company or companies and the company with which they merge or which is formed as a result of the merger, as the amalgamated company) in such a manner that-
(i) all the property of the amalgamating company or companies immediately before the amalgamation becomes the property of the amalgamated company by virtue of the amalgamation ;
(ii) all the liabilities of the amalgamating company or companies immediately before the amalgamation become the liabilities of the amalgamated company by virtue of the amalgamation ;
(iii) shareholders holding not less than 3three-fourths in value of the shares in the amalgamating company or companies (other than shares already held therein immediately before the amalgamation by, or by a nominee for, the amalgamated company or its subsidiary) become shareholders of the amalgamated company by virtue of the amalgamation,

otherwise than as a result of the acquisition of the property of one company by another company pursuant to the purchase of such property by the other company or as a result of the distribution of such property to the other company after the winding up of the first-mentioned company;

i cant visualise the meaning of the last limb of the definition beginning with ".............othewise than as a result of acquisiton of the property..............."

can any one of u illustrate? please.

R.soumyanarayanan FCA Grad CWA

Dear

One of my friend deposit a cheque for amounting Rs. 30,000 for credit card payment but the bank returns the cheques with remarks insufficient fund, but the account has around five times money (in Lakh), can bank be held responsible for this mistake and any legal action can be taken against Bank,

please clarify

Amrish

If an Assesee invested X amount in Mutual fund eligable for 80C & claimed Tax benefit in that year. But if an Assesee withdraw that Mutual fund within 1yr or After 1 yrs. Thent what will be Tax implication for that.

How do i get exemption of LTA???
It would be gr8 if you can guide me abt recent provisions regarding this.
Please reply. Urgent.

Mr A is a shareholder of ABC (P) LTD and XYZ (P) LTD HOLDING 14% SHARE IN BOTH COMPANY. NOW ABC (P) LTD HAS GIVEN LOAN OF Rs.20,00,000/- TO XYZ (P) LTD .

WHEATHER IT WILL BE TREATED AS DEEMED DIVIDEND IN THE HANDS OF XYZ (P) LTD.

PLEASE REPLY WITH CASE LAW.

Can anyone tell me different rates applicable to different services under service Tax act??

Can anyone tell me the last date of filing ROC Return??

I have filed ITR 4 for a HUF having proprietory business. There remained a mistake and I filed revised ITR 4. Now again there comes some items that are to be shown into the return.My query is that can I revise the ITR 4 again.
Can a return be revised any number of times during the year.
Please ans.
Thanks a lot.

I have taken Service Tax Registration No. and during the year my receipt from providing professional services is upto Rs.4 Lacs.

Plesae let me know if there is mandatory on me for charging service tax on rendered services whether it is below the exemption limit.

Please also provide me related notification in this regard.

ASAP

I have taken Service Tax Registration No. and during the year my receipt from providing professional services is upto Rs.4 Lacs.

Plesae let me know if there is mandatory on me for charging service tax on rendered services whether it is below the exemption limit.

Please also provide me related notification in this regard.

ASAP