Rahul Jain
22 July 2013 at 21:36

Income tax return of new company

A private limited company was incorporated on 27th February,2013.For the Financial Year 2012-2013, it had no transaction except Director's Initial subscription to Share capital of the company.Bank account was opened in April 2013.

Will the company require to file ITR for FY 2012-2013(AY 2013-2014)? Will it file NIL return?
Will it require to follow ROC compliances for 2012-2013?


ritesh
22 July 2013 at 21:27

Derivative turnover

hello,
iknow that the difference of contract value are to be taken as the future and options turnover add the negatives difference also.

my query is:

1.what if the future contract is not expired or squared off on 31/3/2013. what should be done in such case.

2. in option the premium received is only considered for turnover. so what is the treatment of premium paid to buy a call.


i hope some can clear my query

thank you


Deep Krishna
22 July 2013 at 21:12

Strategic financial management

I am CA Finalist student preparing for my coming exam and I am referring to SD Bala and Makkar sir notes. However there are not all questions answered in makkar sir notes. I searched for the answer in suggested and other books available. It would be very kind if you would help me. I have also written my answer but I don't think it is correct.
Question no. 71 Page G19 of Makkar An Indian Company obtains the following quotes ( Rs. / $) Spot 35.90 / 36.10 3 month forward 36.00 / 36.25 6 month forward 36.10 / 36.40 3 months interest rates - Rs - 12 % / $ - 6 % 6 months interest rates - Rs. 11.5 % . $ - 5.5 % Determine what should be 3-months interest rates after 3 months to make the compant indifferent between three-month borrowing and six-month borrowing in the case of (a) Rupee Borrowing (b) Dollor Borrowing
Answer:
Forward rate of 3 months - 36.10 x (1+0.12x3/12) / ( 1 + 0.06 x 3/12 ) = 36.64 To be indifferent , forward rate of 3 months and 6 months should be equal so 36.64 = 36.10 x (1 + Rs. interest rate /2 ) / (1 + 0.055 /2 ) Therefore, Rs. interest rate = 8.63 %



Anonymous
22 July 2013 at 20:56

Atc registration

sir ,i have written ipcc exam in may 2013 but i havnt registered for ATC . will i be able to register for that now?



Anonymous
22 July 2013 at 20:30

Ipcc registration

hi,
I have cleared my CPT exam in june 2013 attempt and i want join for IPCC so what's procedure for registration for may 2014 exam and when is the last date for registration



Anonymous
22 July 2013 at 20:30

Books of a/c

(Teacher) who's Income is below 10 lacs is require to maintain books of A/c


Dhaval
22 July 2013 at 20:28

Cst credit

if i got debit note after 2 month of issuing date of debit note.

how should i take in account of sale.

b/c i have already file my cst rerurn before 22nd of next month.

kindly suggest to resolve.



Anonymous
22 July 2013 at 20:28

Tds

I AM AN INDIAN CITIZEN. I AM WORKING IN LTD. COMPANY AND GET REMUNERATION. MY DESIGNATION IS DIRECTOR. IN THE SAME TIME I AM DIRECTOR IN THE NEPALI COMPANY FROM WHERE ALSO I GET REMUNERAION AFTER TDS DEDUCTION BY NEPALI AUTHORITY. I WANT TO KNOW MY NEPALI INCOME IS WHETHER TAXABLE IN INDIA AND HOW I CAN CLAIM THE CREDIT OF TDS AND UNDER WHICH SECTION.


Nitesh Dwivedi
22 July 2013 at 20:19

E-edp

Dear All,
i have completed the inaugural speech of unit 1 but still it is showing incomplete and i m not able to move to unit 2.please help.


Yash Dave
22 July 2013 at 20:15

27a

what is 27a when to file 27a and how to file it online or physicaly






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