Dear sir,

Whether it needed that income tax return must be filled by a CA or a person by himself can file return and send it to CPC

I am a working in Kirloskar group co and want to do ICWA. whether it is possible to do the same after working hours. also want info about coaching class in evening and sunday also.

I need clarification regarding allotment of shares. Pl confirm the following procedures are correct approach to allot the shares in a private Co:

Allotment through Private Placement :

1. Prepare draft EGM notice for passing special resolution for the proposed offer.

2. Pass Board resolution for convening EGM and approving draft notice of EGM.

3. Hold EGM and Pass special resolution reg offer.

4. File Form MGT.14 with ROC with copy of special resolution within 30 days of EGM.

5. Prepare draft letter of offer in Form PAS.4 to be issued with application Form.

6. Pass Board resolution for:
(a) approval of letter of offer;
(b) opening of separate bank a/c for getting application money

7. Issue letter of offer and maintain record in Form PAS.5

8. File PAS-5 along with Private Placement offer letter of offer with ROC within 30 days of circulation

9. Get share application money.

10. Pass Board resolution (only in Board meeting) for allotment.

11. File Form MGT.14 with ROC with copy of Board resolution

12. File return of allotment in Form PAS.3 within 30 days from the date of allotment.

Allotment through Right issue :

1.Prepare draft offer letter with application form

2. Pass Board resolution for issue of rights shares and approval of letter of offer

3. File Form MGT.14 with letter of offer

4. Issue letter of offer to existing shareholders & offer shares in proportion to their shareholding

5. If existing shareholders do not accept the offer (or renounce their right in favour of non-members), the Board can allot shares to non-members u/s 62(1) (a)(iii).

6. File return of allotment with ROC and make entry in register of members.

Considering the urgency of query, would highly appreciate an early response to this.

Thanks in advance.

Dear all,
If I receive a cheque in which no parallel lines are drawn but the cheque is not 'Self' cheque (i.e a name is mentioned).My questions are :-
(a) Can cash withdrawal be possible with this cheque?
(b) can this cheque be drawn by person other than person named in the cheque?

I have made an investment of Rs. 236,945/- on 06-Mar-04 in Jeevan bhima Nivesh and
this has been entered in Tally at that time as investment.
The policy has since matured and how do I go about in accounting the same in Tally.
For now I had posted it as "Receipt" and the entries are as under

Jeevan Bhima Nivesh = 236,945
Cash = Rs. 472,712
Jeevan Bhima Nivesh-Bonus/Interest accrued = 235,767/-
(I created this heading under income/ indirect)
Please let me know the correct heading this has to created in)

and in the drawings:
Drawings: Rs. 472,712
cash = Rs. 472,712/-
since I had completely withdrawn this.

now it reports this Rs. 235,767/- as profit from indirect income.

How do I correct/fix this...As you know the it is completely tax free.

I have similar investments like KVP which too has matured this year...

Sir,
i have not received my form 16, hw can i file my return for this assessment year.
pls guide me asap.

The complete proceeds of sale of fixed assets has been utilised for payment/settlement of bank loan. Pl. let me know whether the sale proceeds of fixed assets are subject to capital gains or it is completed exempted as the proceeds are utilised for settling of bank loan.

hello sir, i am in CA final and 3rd year of articleship and my articleship will be completed in 11th august 2014. i am transfer my articleship at bombay because of transfer of my family.. please provide me the name of chartered accountant firms in bombay. thanking you in advance

I am a Final CA Student and have been told that CIMA is one of the best courses to be pursued after CA for better career opportunities. I have not managed to clear my Final CA exam as yet. Can I still appear for CIMA exam? Am I still eligible for the same exemption that a Qualified CA would get? Or will I have to give all the exams? Please help. Thanks in advance for your valuable inputs.

Can my elder brother claim the deduction of tution fees u/s 80C for my tution classess?