Effective 1/10/2009 individuals receiving immovable or movable property above Rs.50000 have to pay tax on IFOS for such receipts as well as on purchase of these properties for below FMV.

What is the position of Bonus Shares issued by the listed companies. Is the receipt of Bonus Shares an adequate consideration? It is after all reducing the value of the existing shares also.

A recent Supreme court judgement in 2008 for the erstwhile Gift tax act states that An allotment of shares is a “creation” of shares and not a “transfer” of shares. There is a vital difference between the two. An “allotment” is the creation of shares by appropriation out of the unappropriated share capital to a particular person.

Dose that hold good for section 56 for receiving shares?

Dividend is exempt income. In definitions as per Act Dividend includes bonus shares on preference shares but nothing is clearly mentioned about bonus shares on equity shares. Would that fall under dividend distribution and does one have to declare it under exempted incomes?

hi,i am resident of nashik..bt by mistaken i entered examination centre code wrong..therefore i got the mumbai centre..is it possible to change the examination centre..nw.??.coz..exams are coming closer.and it is merely impossible for me to give examination from mumbai. please suggest instant remedies..

kinldy tell me, what is the maximum time limit to get register under service tax act for a new firm

R, has computed his gross total income for the A.Y. 2009-10. which amounted to Rs. 290000.



It includes:

*Rs. 150000 on account of LTCG &,

*Rs. 10000 on account of winning horse races.



He has deposited Rs. 70000 in a PPF during the P.Y.



Compute the tax payable by R, assuming that :

1. he is less than 65 years of age.


2. he is more than 65 years of age & resident in India.


3. he is more than 65 years of age & non-resident in India.

ROC HAS INFORMED US THAT WE HAVE TO RESUBMIT FORM 1 STATING THAT CERTAIN DEFECTS IN MOA & AOA TO BE RECTIFIED.

PLEASE NOTE THAT WE HAVE PAID STAMP DUTY BY EPAYMENT WHEN WE HAVE UPLOADED FORM 1 EARLIER.

WHETHER WE HAVE TO PAY AGAIN THE STAMP DUTY AND FORM 1 FILING FEE?

IN MOA & AOA AT THE TIME OF GETTING NEW SIGNATURES WHETHER PRESENT DATE SHOULD BE ENTERED?

Please keep book of ca final costing new course by ca parag gupta for refrence it was there till 24/10/2009 morning but in the afternoon when site was opened it ws not there please keep it on shared files thanks.

We are manufactureing Company & we are Import Purchase from outside the country We apponited CHA for custom clearance for consignment.They Issue us Clearnces bill including Service Tax.

I have the query on that can we take a Cenvat Credit of those service tax amount or not
pl help me on that

SOCIEITY which income exempted under 80p of income tax act & Company which is located @ S.E.Z Zone are liable to TDS On payments which is covered sec 194c.194i.194j of income tax act 1961

we are manufacturar exporter of medical devices we have large amount to service tax credit in our books which we have paid to CHA,SHIPPING LINE,FREIGHT FORWARDER,FREIGH BY AIR,TESTING CHARGES AND USING MANY OF SERVICES RELATED TO THE BUSINESS

I WANT TO KNOW THAT CAN WE GET THE REFUND OF SERVICE TO FROM THE SERVICE TAX DEPARTMENT BECAUSE WE HAVE LARGE AMOUNT AND WE ALSO USING THE EXCISE DUTY CENVAT AGAINST THE EXPORT UNDER REBATE CLAIM OR OTHER DOMESTIC SHIPMENTS

PLS ADVISE US IF WE CAN GET THE REFUND
IF YES WHT WILL BE THE PROCEDURE AND WHICH FORMAT WE HAVE TO FOLLOW

PLS ADVISE

Thanks & Rgds

RK Saini

kindly plz any one can provide me ca final company law notes of munish bhandari. plz i need it