Dear members..

Kindly clarify the following..

Mr. A is a Director in both Company LMN (Pub. Co.) and XYZ (Pvt.co.). In an agreement entered into between XYZ and LMN, Mr. A has signed on behalf of both the companies in the capacity of a Director..

Further Mr. A has 8% shareholding in XYZ Pvt. Ltd.

So apart from Disclosure U/Sec. 299, is there any other compliance required?

Is it legal and valid under the Contract Act as well as companies act that a contract be signed by a single individual on behalf more than one company as a Director or in any other capacity??

Dear Collouges,





Could you please, let me know on which basis we issue the C forms to vendor i.e. for how many C forms will issue for purchases for the month of Mar’06, Apr’06 and May’06.

Please clarify and if it possible code with Sections. It applicable financial year wise

Thanks & Regards:



CA RAMU

what is the accounting treatment for building fund paid by an financial enterprise carrying on the business of lending money to its association and also the membership fee paid to become a member of the association ?

hi i have cleared my pe2 in may 2007 and i have not yet joined my articles.When should i join so that i can write my final (new scheme) as early as possible.

RESPECTED SIR!
I LIVE IN GWALIOR CITY SEVERAL EXPERTS OF QUALIFIED CA TELL WE THAT NOW THE SCOPE OF CA BEING GOES DOWN BECAUSE TODAY THE PATTERNS FOR QUALIFYING EXAMS ARE TURNS IN A EASIEST WAYS LIKE CPT-UNLIMITED ATTEMPTS ALONG WITH OBJECTIVE QUESTION UNLIKE CA FOUND/PE-1 WITH RESTRICTED FIVE CONSECUTIVE ATTEMPTS, SIMILARLY PCC-UNLIMITED ATTEMPTS .WHEN WE COMPARE THE PAST FIVE YEAR GRAPH OF CA EXAMINATION RESULTS WE SEE THAT THE NO. OF CANDIDATES ARE CLEARS THEIR EXAMS IN A BIG STRENGTH.
COMMENT ?
UMASHANKAR VAISHNAV
C.A.FINAL

one of my employee has paid salary to her previous employer on account short notice period. The amount paid is significant. Her earlier employer has not mentioned that in her form 16
My query is :

Shall i considered that amount in his tax calculation?
If yes then under which section.

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My question is "what will be the treatment of short term capital loss while computing tax liability????""

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