Authorized Share capital of private company is 1 Lac. Two subscriber to MOA have agreed to invest 1 Lac but invest only 50,000 towards share capital. They spend 80,000 out of their pocket towards company expenses. They want the company to adjust 50K out of this amount as share capital invested and receive back 30K from company as reimbursement of expenses.


Can Co. do so ?

Also confirm that no form 2 needs to be filed in this case as the amount is invested by subscribers .

Hi,

My friend has purchased a new flat which is under construction and his home loan EMI already started from June 2014 whereas actual possession will be next year, that is August 2015. Presently he is staying at rented house and paying rent for that house.

My query is, Can he claim HRA as well as home loan interest/principal amounts. Kindly advise in this regard.

Sir, I have purchased some share in Jan-2013 a some of Rs-50000/- & sale the same in March-14 a some of Rs-62522/-. Is, Rs-12522/- (62522-50000=12522/-) taxable in F.Y 13-14 & add in my income.

along wd ca which course I shall go for..... cs or costing(icmai) Plzz suggest.... considering the upcoming scenario which provides me wd much better scopes

Dear Sir

I had discontinued my CA in 2004 after clearing my Intermediate and having given a couple of attempts at CA to focus on career . I have now reached a stage where I wish to complete the exam . Please advice the steps such that I can take up the exam in Nov 2014 or May 2015 .

Thanks in Advance

hey,
my assessee have house property on her mother's name.
he have taken the loan from bank on his and her mother's name.
and he is paying the loan from his bank.
should i claim this interest and repayment of principal in his return???

hi sir e.g A has brokarage income of Rs 213000 on which tds deducted u/s194h 21300 but he has incurred actual loss of Rs 100000 .I.e expenses loss rent exps. depri.and salary exps. then in it return itr4 we should show loss or not ? is there any problem in future if we show loss in itr 4 ?????

200 Ca final papers are misplaced itseems! is it true or its just a rumour?

Hello,

I have sold my commercial property(i.e shop) and got long term capital gain. Within a span of one year i utilised the capital gain amount wholly in purchase of residential property.

I dont have any other residential property.

Will i get deduction under 54F or any other provision??

pls suggest

DEAR ALL,

THEIRS IS MANDATORY TO MAKE PAYMENTS OF ONLINE ?

BUT STILL WE MAKE PAYMENTS THROUGH CHALLAN SO THEIR IS ANY PENALTY OR ANY INTEREST FOR THAT ?

THANK YOU,