Suppose a Private Limited company has taken certain amount from an individual who is an outsider say Rs. 25 lakhs. The company is using this amount for buying and selling goods.What should a company do so that it does not Violate the Companies Act and Companies Acceptance of Deposit Rules, 1975? Should it return the money within certain time period? Should it make that person a sharholder?Can it show as advance from customer against order but returned?

Or any other option to avoid violation?

My income from salary/pension is Rs. 70,000/- whereas I have received medical reimbursement amounting Rs. 56000/-.
Since my income from salary do not exceed Rs.100,000/- What will be the exemption on medical reimbursement perquisits u/s 17(2)? All 56000/- or restricted to Rs. 15000/-only
I have income from other sources in the order of Rs. 300,000/-(outside basic limit).
I read in the "Information Booklet for salaried & pensioners" (sec 5.2)that all perquisits will be exempt from tax if income from salaty do not exceed Rs. 100,000?-
Please advise

Dear All, Now since video conferencing has been allowed, can a balance sheet approved through video conferencing be signed by two directors sitting at different places by fax or email (one at delhi and other in mumbai) before forwading the same to the auditors as per section 215 and then adopted by the board in the same meeting after getting the scanned/fax copy of auditors report in the same board meeting. For example: Is it correct to sign the balance sheet in the following fashion: During the board meeting the MD signs the balance sheet send the scanned copy to delhi for signing of other director other director signs it and send it to auditors for audit report and finally auditors sitting in delhi give report to the board on the same day on the basis of scanned copy. Auditor Managing Director Director Delhi Mumbai Delhi 10.06.2013 10.06.2013 10.06.2013 Regards

Read more at: https://www.caclubindia.com/forum/signing-balance-sheet-by-video-conferencing-253037.asp

AM I ELIGIBLE FOR IPC COURSE

1. I HAVE GOT 60 % MARKS IN B.COM FROM CALICUT UNIVERSITY (PRIVATE STUDY)
2. FINANCIAL ACCOUNTING - 48 MARK OUT OF 80
3. Management accounting. - 57 marks out of 80
4. Auditing - 44 out of 80
5. Law - 42 marks out of 80
6. Economics - 45 marks out of 80

Pls reply its urgent i want to register soon

kindly send reply to jafeer9961@gmail.com

Sir,
We refer to the captioned subject, in this regard i would like to know that how many months training period has to complete who has taken admission under direct entry scheme before 1st October 2012.

Is 7 months article trainee being eligible for IPCC exam?

Hi all..

For a good knowledge in Tax, updation in IT Circulars and Notifications and case laws are crucial. I have neither read them nor dont know frm where to get them. But wish to get knowledge or updates on the same. I dont know from where to start, or how to begin the process.

Need some good guidance on how to begin...

Thank U..

please tell can FORM 26QB filed twicly in a month?

from where to download Form 16B ?

R/s.
we have doing indenting business of chemicals, intermediates & Pharmaceuticals products, logistics arrangements and facilitation for chemicals and pharmaceutical business. For service tax registration under which services we have to registered.

Pl. guide me.

Thanks

We Pvt Ltd goinf to take over one of the partnership firm doing manufacturing business called 'A' on a particular date say 20th June 2013, firm 'A' having purchase contract with their suppliers till July 2013, there is no provision for amend the orders, now my doubt is, after taken over happened we are going to receive some material in the name of 'A, in this case what is the procedure for taking CENVAT credit and input VAT in new our new compny, please provide your guidelines,

Hi, can anyone resolve my issue please. I cleared my ipcc Ist group in May 2011 and applied for articles in Aug 2011. Still i have not cleared my IInd group of ipcc. I am confident of passing IInd group in this May 2013. I will have my first CA final attempt in May 2014. But i can't registered for CA final until i cleared my IPCC IInd group. If i clear my IPCC IInd group in this may 2013 can someone tell me the last date for registering the CA final to get attempt in may 2014 exams