Respected members,

We are well aware that the fully paid up shares can be transferred/ transmitted to a minor, provided the name of the guardian and not that of the minor is entered in the Register of members.

My query is Can a minor ( through guardian ) transfer those shares.

Regards,
Shinod K P

Hi,

My question is in order to classify as "Prepaid Expenses", do we have to really pay the expenses in advance or an accrual of liability towards is expenses is enough?

For Eg; Suppose the accounting year of a company is calender year. The rent for the period 1-8-2012 to 31-7-2013 has been given by way of Post Dated Cheques (assume 12 cheques). In this case does the rent from 1-1-2013 to 31-7-2013 to be classified as Prepaid expenses?

Regards
S Menon

I M A GOVT.SERVENT UNDER NEW PENSION SCHEME. I HAVE RECEIVED RS 42569 AS GOVT SHARE (CPA) AND SAME IS EMPLOYEE SHARE. CPD IS RS 85138
Q1. IS CPA IS DEDUCTIBLE UNDER SECTION 10 ?
Q2. WHAT AMT SHOULD BE DEDUCTED UNDER SECTION 80 ? CPA OR CPD
THX

All friends,
I am working as an accountant in Road Construction. I want to do Icwai.I have 3 years experience.I have doubt that after completing Icwai it is compulsory to go articleship to get Membership of ICWAI.Is my company Exp. is not valid.Please Suggest me.It will help me in Future or not.If I have 3 to 4 years exp. with Inter Icwai then what would be salary as per market.Now I am getting 15k per month.

Sir/ Madam,
Our client has been registered in Software Technology Park of India (S.T.P.I)in 2007 and we have claimed tax holiday from 2007-2011.
Now, the Dept sends a notice to pay tax on MAT Basis for A.Y.2010-11.
Whether we should pay the tax on MAT Basis and if we pay on mat basis, what is the purpose of giving tax holiday?

Pls solve this query asap bcoz we have received a second reminder from the dept.

IS THE COMPANIES AMENDMENT BILL 2012 APPLICABLE.

PLEASE ANSWER THIS QUESTION

As per section 7, The Banking Regulation Act, 1949 restricts the use of the terms "bank", "banking", "banker" or "banking company" other than by a banking company.

My question is how can a "Blood Bank" or an "Eye Bank" use the word "Bank"?
Are they excluded from the purview of the Act?

Waiting for earliest reply........

Is reverse charge necessary while calculating service tax; if not charged by the service provider? Is there any penal consequences for not using Reverse charge mechanism by the Manufacturing Company?

Can manufacturing Co. claim Service tax credit on any services rendered to them?

Hello,

my query is regarding TCS, when we sale scrap shall we elligable to charge tcs on sale value of scrap, if not then what are the tax we have to be charged when we sale scrap

We have uploaded ST 3 duly filled in ACES before the due date for Q1 i.e April-June 2012. But there was an error in xml and the return status was rejected. We did not notice this in ACES till yesterday and thought it was filed and accepted as such. We noticed it only yesterday when we had to file return for Q2 of 2012-13. The error in xml is very minor. only a small technicality.

Now, we have corrected this error and filed the return again. But since the previous one was rejected, does this mean we have filed this return late and penalty has to be paid? The penalty will be the max i.e 20k since the due date was long back.

Is there any solution to avoid penalty since it was a genuine mistake of procedure and no violation of the law on our part?