Sirs,
I am going to face the Nov-2013 of Ipcc exam. So, i hv problem in the SUBJECT OF IPCC - BUSINESS LAWS AND ETHICS AND COMMUNICATION. So, i want to get the case studies of Business Law and Company Law and guide to me how to get easy score above 40 marks in it.

Dear Experts,

Freight Inward is direct expenses & freight outward is indirect expenses correct or not?

and

we paid freight inward & same thing can pass on to the customer, is it correct/is it possible?

Plz make it clear regarding freight.

my query is that the income tax case of my company has been already done in regular assessment after that the search proceedings has been done at my office what will the status of my old cases.

As per notification no. 25/2012 i.e Mega Exemption notification - Point no. 34 (C) i.e "Services received from a provider of service located in a non- taxable territory by
a person located in a non-taxable territory;" is exempted.

But again the Notification no. 30/2012 (point no.10) i.e Reverse Charge direct the Service receiver to pay 100% Service tax in respect of any taxable services provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory


Why this Contradiction ? Please reconcile between this two


Also, Section 66A of the Act (import of Services) is eliminated after introduction of above two notification ?

Regards
CS Asif

in our factory we are planing to replace roof at a cost of Rs 2 Crs. pl. clarify can we capitalise it or it has to charge off in P&L

We have received Share Application Money Rs. 20000 in 2009. Till now we have done nothing.
Now we want to do solution thereof.
All filing with ROC is done till today.
In B/s Share Appln MOney is shown

An Indian Private Limited Company had issued Preference Shares to NRI at Rs 100 4 years before. Now at the time of redemption the Investor opts for conversion into Equity Capital. Please advice on the pricing of the conversion

i am a businessman and doing business of property sale purchase, in case i have given any sum towards advance to any person and in future above deal did not materialize and advance paid to vendor forfeited by him. my question is that above forfeited amount claim as business expenditure.

Hi Seniors,

Can a Company's Retained Earnings be withdrawn by the promotors when 2 or more new partners are joining the Company?

What will be the treatment and what all entries we need to pass? Please guide us in this regard.

thanks,
sainath

Currently i am staying in Building which 35 years old and not so safe for residence. But i am repaying housing loan on this house. Now, i am planning take another property on rent in the same city and want to shift there.

Should i claim HRA and Interest on Housing Loan both deduction?

I dont want to let out the property as there risk of life involved. So, what are the options avaiable to me to calim tax benefit for Interest and Housing Loan repayement ?

I think NOTIONAL RENT can not be arrived !!!

PLEASE ADVISE...