A Pvt Ltd company has two units one - Software Development and one BPO. ONe of its Software customer has offered to buyout the Software Development unit. Only the employees will be taken over alongwith related assets like Computers and Table Chair. A lunmpsum consideration amount is fixed. Will this fall under Capital Gains or as Income from sale of business operations?

in karnataka when we sale old and used ms scrap then charged only 5 %
in normal case 5.5%
what is the logic behind this

Dear Experts,

Suppose, there is a co-op society incorporated 5 years back, having 5 floors, and unfortunately the building falls due to earthquake or some other reason.

In that case what the members can do ?

Where they will stay ?

If your answer is they should build the building again... Then suppose what if the person residing one ground floor does not have money for construction ?

(This is general query)

How can be Bifurcation will made For more than six month and less than six month debtore???,
if in B/s opening Balance will 10000 as on 01/03/2014 and payment received of Rs 4000 on 02/12/2013 and closing balance 6000,, then how it will be treated as more than 6 month or less than six month?

Hi, I am an IPCC Student, I'v completed 1 year of articleship. Can i pursue MBA Finance along with CA. IF yes, what is the procedure? Do i need to give any application to icai?

Since isca is totally changing from Nov 14 onwards, does icai take parallel exams for certain attempts under old course as well as new course? it had happened in 2010 that icai had given two additional attempts for old course students . pls try to provide somewhat authentic and convincing information. thanks

Our client is engaged in MATERIAL MOVEMENT CONTRACT AT ONLY A COMPANY. He has 10 TRACTORS on RENT to move the materials. His TDS is deducted U/s. 194 C during A.Y. 2013-14.

I filed ITR 4S with Section 44AD.
Is 44AE is applicable for the same. The material movement is INHOUSE for the company which he works.

Now, Guide on this. Current year should I file with 44AD or 44AE.

If any receivables in foreign currency are outstanding for more than one year then what is the procedure under FEMA Act? What is the Procedure to report to RBI?

whether Chartered Accountant DSC is mandatory or nor to file Form-32 as per companies Ac2013

I AM A DIRECTOR IN A PRIVATE LTD. COMPANY WITH 15% SHARE HOLDING THERE ARE OTHER TWO DIRECTORS WHO HOLD 15% AND 48% RESPECTIVELY IT BEING A FAMILY CONCERN THEY ARE TRYING TO SIDELINE ME. THE HAVE NEVER EVER CONDUCTED ANY AGM NOR THERE IS ANY BOARD MEETING SO THE QUESTION OF MINUTES DOES NOT ARISE BUT STILL THEY HAVE MANIPULATED ALL DOCUMENTS REQUIRED FOR THE ROC.THEY HAVE ALSO APPLIED FOR AN OVERDRAFT FACILITY WITHOUT MY CONSENT OR APPROVAL. I HAVE NOT SIGNED IN ANY OF THE BANK PAPERS WILL I HAVE TO BEAR ANY FINANCIAL LIABILTY ARISING FROM NON PAYMENT OF LOANS TAKEN FROM THE BANK IF SOMETHING GOES WRONG.
THE BANK HAS ISSUED A LOAN AND A PERSON WHO IS NOT A DIRECTOR HAS SIGNED IN THOSE DOCUMENTS WITH THE COMPANY SEAL AS BEING A DIRECTOR IS THIS A FRAUD AND CAN ANY ACTION BE TAKEN AGAINST THE OTHER TWO DIRECTORS AS WELL AS THE BANK