A private limited company has 2 shareholders. During the current year,3 new shareholders are issued shares for want of funds. In addition to cash, one of them (not a relative to any shareholder) gets a % of shares from both the existing holders without paying any consideration.

In such a case, Capital gain on the hands of existing shareholders will not apply due to no consideration being received? Will the recipient be taxed for the full amount of share value ?

I am from jammu and i have given cpt(june2014).
I want to take coaching from delhi ...
please suggest me the best teachers with their contact numbers or address..

While filling the MGT14 form, is it mandatory to fill certificate part by practicing professional?? If yes, i can't access the fill options and digital signature also.


Thanks in advance.

cut off arrangement meaning

Dear All,
I receive plenty of messages by ITD to remind me to send ITR V (acknowledgement receipt) but in the msg it mentioned it show any acknowledgement No. it doesn't show the Pan No. My question is that how I can be aware a Pan no. through Acknowledgement No.


PLZ............

Please ans it
is it compulsory to do e-voting for the listed company which is listed on the BSE
please solve my query it is urgent.or it is compulsory after December 2014.

Dear Sir
We are partnership firm, we are construction one building which is under construction as on 31.03.2014. Now can we file return as under :

Income(sale of Flat) Nil
Stock WIP XXXX
Int on capital XXXX
Other expenses XXX
Net loss as per P &l

Can independent directors b appointed though postal ballot

why is the income statement known as profit AND loss statement & why not as profit OR loss statement?

Can a Company be formed in India with one of the proposed director and Major Shareholder is NRI?
And Company's main object is Real Estate Business