Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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Deepti Gunwani says : transfer of shares
Mr.X is a director of abc pvt. ltd. co. (unlisted). He is having 95% of the shares. Now he want to issue 500 shares to a new member. But the new shares are to be issued without increasing the suscribed capital. Means x's shares will be transferrd to new member. Wht is the procedure for that? If there is any form than pls can you help me by sending that also.

MBA Satish Kumar says : Book Profit
Sir, i want to know about Book profit, Meaning & how to calculate the book profit in terms of comapany. Regards, Satish

Aarav jain says : final ca exam and articleship
sir.....i cleard my ipcc 1ST grp in dis nov exam n looking for articleship .so i want to know abt articleship, wher shud i go whether in big4 , mid sized or small firm. and if i start my articleship from dis june(after appering for 2nd grp exam) then my final CA attemt will b delayed??? pls help me m bit confused.

bhanuprasad.s says : verify form 16
sir, I recieved an answer to the query. But I wanted to know if I need to demand that form from my employer, I've a copy of my form 16

CA KRISHNA KUMAR DARUKA says : Taxability of Real Estate transaction
I would request you to give your valued opinion on the following matter: One company owns a sizable land in the heart of a major city. Very old godowns are there on this land and they are all let out. Now the company is getting all these godowns vacated by paying lump sum compensation to the tenants. Further the company proposes to demolish these godowns and make a commercial marketplace there. For this they have entered into an agreement with a developer who will construct the commercial space there and will give a portion of the market to this company which in turn will sell its portion to the public. Now my questions are: 1. Whether the company has to deduct any TDS on compensations being paid to the tenants. If yes under which section. 2. The profit earned from this transaction will be taxed under which head. 3. Whether compensation paid to tenants and other incidental expenses can be reduced from the above gain.