Hello Freindz...

my client is doing Business in Construction industry and have registration in each state, after all company is engage in Construction industrty , many times it's happen huge amount credit is available in few states and payment liability is Occured in other states .

my question is how to utilsite effective credit availlble all the place

Hey my client has Securities premium(on account of amalgamation reserve). I have to calculate networth of my client for the purpose of applicability of Ind AS.
Do we require to include securities premium created on account of amalgamation reserve for calculation of Networth under clause 57 of section 2 of Companies Act.

Reference:-
Section 2 of Companies Act 2013--- Clause (57) “net worth” means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.

Dear Sir,

My company had acquired a flat amounting to Rs. 30,00,000.00 as on dated 25/05/2012 and the company had sold it as on dated 26/09/2017 for the amount of Rs. 80,00,000.00 whether there is any exemption for the Private Limited company for the Capital Gain raised due to such transaction. Kindly reply fast.................

hi,
what is the meaning of charge status open and closed at MCA for assets under charge.

Wholesale business in vegetables nature of business code for ITR 4??

Hi, Friends, I am 48 years old. I have cleared My CA Final Group 2 in 1999. After that, I have not written the exam except two or three times. I have registered for the extension also. I have also watched CA Final video lectures in CCI online coaching but at the last moment, I use to skip the exam due to lower confidence level. Now I understand that syllabus getting changed. What is the last attempt for old syllabus student. What is your advise shall I try one or two atempt if I am eligible and god allows me to write ? Suggestions please

The assessee is a partner in firm.

He is not getting any remuneration or interest from the firm

He only gets share in profit

My question is what will be his due date for filing of Return of Income for A Y 18-19

Dear Si/Madam,

If any salary person make payment of hospital bill of Rs.80000/- for his wife without any mediclaim , so how much amount he claim,.

please advice me if any one have knowledge about this.


Thanks & Regards,

Prakash

Dear Sir,

How to refund my deducted TDS on my employer.

Hi,

I have an income from salary with a private organisation Apart from salary, I have some small savings bank interest, some dividends (all below respective tax threshold) and some LTCG for selling shares with over 1 year holding period on which STT was paid (and executed before the new LTCG norms came into effect).

1. I am guessing due to LTCG (even though exempt) I need to fill ITR 2. Is that correct?

2. In ITR 2, I see some sections like CG and OS where one needs to fill income from other sources and interest income and so on. I am guessing that’s nor non-exempt categories and I would not fill those? All I need to disclose is the EI section for my savings a/c interest, minor dividends and exempt LTCG?

3. Also for filling EI section, for LTCG, suppose I have some LTCG loss and some LTCG gain (exempt), while making the disclosure I just need to disclose the total attributable to gains or need to factor out the loss? For instance suppose I sold shares of one company at a loss of Rs 50,000 and gained (final sale value minus principal) Rs 2 lakh for selling shares of another company, do I mention Rs 2 lakh or Rs 1.5 lakh as exempt LTCG?